Indicator strategies

An indicator strategy enters when a chart condition becomes true, for example “RSI crosses above 50”, instead of at a fixed time.

Where to find it: Strategy Builder → the Indicator / Signal-Driven card.

The form has seven sections. Sections 1, 2, 6 and 7 work like the time-based builder, so this page explains what is different. For the rest, see the Strategy Builder page.

How an indicator strategy runs

1. The app builds candles of the size you choose (for example 5 minutes).
2. When a candle closes, it checks your entry and exit rules on that candle.
3. If a rule is true, the action happens at the start of the next minute.

So a rule can only fire once per candle, and it never uses a candle that has not finished.

1. Strategy Setup

Same as the time-based builder, except the timing fields:

Field	What it does	Starts at
Start Time	The earliest time a rule may fire. Indicators are still worked out before it.	09:15
End Time	Anything still open is closed at this time.	15:15
No Trade After	After this time a rule that fires does not open a new position.	15:00
Execution Delay	Wait this long after the rule fires before entering. If an exit rule fires during the wait, the entry is cancelled.	Immediate

Example: Start Time 09:30, No Trade After 14:30, End Time 15:15. A rule that fires at 09:20 does nothing (too early). One at 11:05 opens a position. One at 14:45 does nothing (too late). Anything still open is closed at 15:15. With Execution Delay set to 2 minutes, the 11:05 signal enters at 11:07, unless an exit rule fires at 11:06.

2. Leg Builder

The legs work like the time-based leg builder, with these differences:

• A new indicator strategy starts with BUY CE ATM and BUY PE ATM (bought, not sold).
• There is no Wait & Trade: the rule itself decides when to enter.
• On Target Hit also offers Pyramiding. Instead of closing at the target, the leg stays open, and one more copy of it opens at the next minute: you add to the winning position. Strategies that use it run on the slower backtest engine.

Which legs a rule opens depends on its Then setting (below): a rule set to Enter CE Legs opens only your CE legs.

Example of Pyramiding: you buy the 24,000 CE at ₹100 with Target 20 (% legs) and On Target Hit set to Pyramiding. At ₹120 the target is reached: instead of selling, the app keeps the first lot and buys one more at the next minute. You now hold two lots, the second bought near ₹120.

3. Signal Configuration

How the candles are built.

Field	What it does	Starts at
Chart Type	Standard Candles, or Heikin Ashi (each candle averaged with the one before; smoother, but slower to react).	Standard Candles
Apply On (Candle)	Which price inside each candle indicators read: Close, Open, High, Low, HL2, HLC3, OHLC4.	Close
Timeframe (min)	Candle size, from 1 to 75 minutes.	5

Example: with a 5-minute timeframe, the 09:15 candle covers 09:15 to 09:20.

4. Entry Rules

A new strategy starts with one rule: RSI (14) Crosses Above 50, on Spot, Then: ▲ Enter CE Legs. Change it to your own idea, or add more rules with Add entry rule.

Each rule has:

Part	What it does
Apply On	The price series the rule reads: Spot (the index), Futures, CE Premium or PE Premium. For CE Premium and PE Premium, a Premium Tracking box picks which contract: Day Locked (9:15 ATM) follows the contract that was at the money at 9:15, all day (the default); Open Position (Trade Locked) follows the contract the strategy holds now.
Conditions	One or more comparisons. See below.
AND / OR	AND: all conditions must be true on the same candle. OR: any one is enough.
Then	What happens when the rule fires: ▲ Enter CE Legs, ▼ Enter PE Legs, ⇈ Enter All Legs, ▲ Enter CE & ✕ Exit PE, ▼ Enter PE & ✕ Exit CE, ▲ Enter FUT Long & ✕ Exit Short, ▼ Enter FUT Short & ✕ Exit Long.
Cooldown	The least number of candles between two firings of this rule.
Max / Day	The most times this rule may fire in a day.

Under each rule, a line spells it out in words. Read it to check the rule says what you meant.

Example: you want to buy a call when the call’s own price breaks out. Apply On: CE Premium, Premium Tracking: Day Locked (9:15 ATM). Condition: Close Crosses Above EMA (20). Then: ▲ Enter CE Legs. The rule now watches the candles of the call that was at the money at 9:15, not the index.

Several rules are OR-ed

Each rule fires on its own. If you need two things true at the same time, put both conditions in one rule joined by AND, not in two rules.

A condition

A condition compares a left term with a right term using an operator.

Terms. Any indicator from the list below, or Number (a fixed value). Click a term’s settings to change its period and other values. Extra settings appear where they apply:

Setting	What it does
Timeframe	Work out this term on a different candle size from the rest of the rule (leave on Default to use the strategy’s).
Source	Read this term from a different price series than the rule’s Apply On.
Bars ago	Use the value from that many candles back. Close (Bars ago 5) on 5-minute candles is the close 25 minutes ago.
Offset	Add a fixed amount to a price level. Prev Day High + 20 means “20 points above yesterday’s high”.

Operators.

Operator	True when
Crosses Above / Crosses Below	The left term moves from below to above (or above to below) the right term on this candle. Fires once, on the crossing candle.
Crosses	Either of the two.
Greater Than, Less Than, Greater Than or Equal, Less Than or Equal, Equal To, Not Equal To	The comparison is true on this candle. Stays true for as long as it holds.
Between / Not Between	The left term is inside (or outside) a range; a second right-hand term gives the upper end. RSI (14) Between 40 and 60 is true while RSI is anywhere from 40 to 60.
Rising / Falling	The term is higher (or lower) than it was Over N bars ago.
Slope Above / Slope Below	The term’s average change per candle over N bars is above (or below) a threshold.

Two more switches on each condition:

• NOT: turns the condition around: true exactly when it would be false.
• Hold for N bars: the condition must be true for N candles in a row before it counts. “RSI above 60, hold for 3 bars” ignores a single candle that pokes above 60 and falls back.

Groups. Add group puts several conditions in brackets with their own AND/OR, so one rule can say “(A and B) or C”. Numbers inside a group cannot be tuned in Auto Tune.

Compare like with like

A price level (Close, EMA, VWAP, Pivot) and an oscillator (RSI, ATR, a candle pattern) are on different scales. “Close crosses above RSI” can never mean anything. The form warns you when it sees such a pair.

The indicators

Group	Indicators
Price	Close, Open, High, Low, HL2, HLC3, OHLC4, Typical Price, Median Price, Weighted Close
Trend	SMA, EMA, WMA, DEMA, TEMA, HMA, T3, TRIMA, RMA, VWAP, VWMA, Supertrend, Supertrend Direction, Kalman, Ichimoku (Tenkan, Kijun, Senkou A, Senkou B), Parabolic SAR, MACD Line, ADX, ADXR, +DI, −DI
Momentum	RSI, Stochastic %K and %D, Williams %R, CCI, ROC, Momentum, MFI, MACD Signal, MACD Histogram, Aroon Up/Down/Oscillator, BOP, TRIX, DX
Volatility	Bollinger Upper/Middle/Lower, Bollinger %B, Bollinger Width, ATR, NATR, ATR %, True Range, Keltner Upper/Middle/Lower, Donchian Upper/Lower/Mid, Std Dev, Squeeze, Z-Score
Volume	OBV, OBV SMA, CMF, AD Line, AD Oscillator, Volume SMA, Volume Profile POC/VAH/VAL
Patterns / Breakouts	NR4, NR5, NR7, Inside Bar, Doji, Hammer, Inverted Hammer, Marubozu, Engulfing, Dragonfly Doji, Gravestone Doji, Long Shadow
Session Levels	Prev Day High/Low/Close, Prev Day POC/VAH/VAL, Week High/Low, Pivot PP, R1–R3, S1–S3, ORB High/Low
Quant	Hurst Exponent
Value	Number

Note

The index itself has no traded volume. Volume-based indicators (VWAP, OBV, MFI, CMF, Volume Profile) are meaningful on Futures or on an option premium, not on Spot.

5. Exit Rules

First pick the Exit Trigger Mode:

Mode	Positions close on
Indicator Signal	Exit rules only. There is no stop loss: if the exit rule never fires, the position runs until the end time.
Stoploss / Target	The legs’ own stop loss and target only. No exit rules.
Whichever First	An exit rule or a leg’s stop loss / target, whichever comes first. This is the default and the safest choice.

Exit rules are built like entry rules. Their Then choices are ✕ Exit CE Legs, ✕ Exit PE Legs, ✕ Exit FUT Legs and ⇊ Exit All Legs.

Caution

With Max / Day on an exit rule, once the limit is used up the rule can no longer close anything that day.

6. Universal Exits and 7. Review & Run

The same as the time-based builder, with fewer options: Overall Stop Loss, Overall Re-entry on SL, Overall Target, Overall Re-entry on Tgt, Trailing Options, Max Trades / Day, Max Loss / Day (₹) and Max Profit / Day (₹). In the re-entry choices, Min means “after N minutes” and Next Candle means “when the combined premium is back at its starting level”.

Worked examples

1. RSI crossing up buys a call

• Apply On: Spot. Condition: RSI (14) Crosses Above Number 50. Then: ▲ Enter CE Legs.
• Legs: BUY CE ATM, 1 lot, Stop Loss 30 (% legs), Target 60 (% legs).
• Exit Trigger Mode: Whichever First.

On 5-minute candles: the 10:00–10:05 candle closes with RSI at 52, after 48 on the candle before. The rule fires, and the CE is bought at the start of 10:05. It then closes when its price falls 30%, rises 60%, or at 15:15.

2. Two things true together

• One rule, AND: Close Crosses Above EMA (20), and RSI (14) Greater Than 55.
• Then: ▲ Enter CE Legs.

The rule fires only on a candle where the close crosses above the 20-period EMA and RSI is above 55 on that same candle. A cross while RSI is 50 does nothing.

3. Exit on a Supertrend flip

• Exit Trigger Mode: Whichever First.
• Exit rule: Supertrend Direction (10, 3) Crosses Below Number 0. Then: ⇊ Exit All Legs.

When Supertrend turns down, all legs close at the next minute, unless a leg’s stop loss or target closed it first.