Short Covering in BankNifty options

This scanner will scan for BankNifty Weekly Option contracts where the 5 period exponential moving average has been falling for last five candles for: Volume and Open Interest; and the 5 period exponential moving average has been rising for last five candles for Price, indicating a short covering.

Conditions

Period max(5, Multitime frame(day, OI MA(exponential,5,0) ) - Multitime frame(day, OI MA(exponential,5,-1) ) ) lower than Multitime frame(day, 0.0 ) and Period max(5, Multitime frame(day, EMA(volume, 5, 0) ) - Multitime frame(day, EMA(volume, 5, -1) ) ) lower than Multitime frame(day, 0.0 ) and Period min(5, Multitime frame(day, EMA(close, 5, 0) ) - Multitime frame(day, EMA(close, 5, -1) ) ) higher than Multitime frame(day, 0.0 )

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