This indicator is designed to compliment another of my trading scripts which gives signals for long-term trends on the daily chart. Here, I'm using the same daily 50 and 200MAs, but projecting them on the 4 hour chart to potentially catch faster trade re-entry points.
There are built in alerts for the following:
- Long: The price closed above the daily 50 MA while the 4 hour VWAP is above the MVWAP
- Long: The price closed above the daily 200 MA while the 4 hour VWAP is above the MVWAP
- Short: The price closed below the daily 50 MA while the 4 hour VWAP is below the MVWAP
- Short: The price closed below the daily 200 MA while the 4 hour VWAP is below the MVWAP
- VWAP long re-entry (large green triangle): The price closes above the VWAP and both the 50 & 200 MAs
- VWAP short re-entry (large red triangle): The price closes below the VWAP and both the 50 & 200 MAs
- EMA long re-entry (small green triangle): 4 EMAs of your choosing are fanning out above the 50 & 200 MAs when the price is above VWAP
- EMA short re-entry (small red triangle): 4 EMAs of your choosing are fanning out below the 50 & 200 MAs when the price is below VWAP
All of the above are filtered against stochastic RSI and numerous other oscillators to reinforce the signals.
This is a private script. Please DM me for access.
There are built in alerts for the following:
- Long: The price closed above the daily 50 MA while the 4 hour VWAP is above the MVWAP
- Long: The price closed above the daily 200 MA while the 4 hour VWAP is above the MVWAP
- Short: The price closed below the daily 50 MA while the 4 hour VWAP is below the MVWAP
- Short: The price closed below the daily 200 MA while the 4 hour VWAP is below the MVWAP
- VWAP long re-entry (large green triangle): The price closes above the VWAP and both the 50 & 200 MAs
- VWAP short re-entry (large red triangle): The price closes below the VWAP and both the 50 & 200 MAs
- EMA long re-entry (small green triangle): 4 EMAs of your choosing are fanning out above the 50 & 200 MAs when the price is above VWAP
- EMA short re-entry (small red triangle): 4 EMAs of your choosing are fanning out below the 50 & 200 MAs when the price is below VWAP
All of the above are filtered against stochastic RSI and numerous other oscillators to reinforce the signals.
This is a private script. Please DM me for access.
リリースノート:
Added text to VWAP labels to distinguish between those and EMA entries.
リリースノート:
I've improved the existing EMA alerts by validating them against my Balance Builder system. Should the EMAs fan out within 6 candles of a Balance Builder (BB) alert, 'BBEMA' is triggered, signalling that the trade should be taken.
リリースノート:
Added an additional alert for filtered VWAP crosses that are confirmed after 3 bars.