Essentially a market is in a bull market scenario (SMA-200 increasing) but is facing a short term correction (SMA-5 decreasing). Since we are confident it is an uptrending market, undergoing short term correction, we would want to buy more stocks under certain conditions.
The conditions are:
i) Stock price is above the SMA-200, where the SMA-200 is in an uptrend.
ii) The stock price just went below the SMA-5day.
iii) The RSI-2 indicator has just gone below 10.0
..... then buy
The Exit Criteria is
- when the stock price rises above the SMA-5
..... then sell
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