Minh Phan VWAP Pullback Long Signal

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The “Minh Phan VWAP Pullback Long Signal” indicator is designed to detect high-probability long entries based on a combination of VWAP pullbacks, EMA trend confirmation, and RSI strength. It targets momentum traders looking to join the trend after a minor retracement.

The logic begins with price trading above the VWAP, indicating bullish control. A pullback is confirmed when price returns close to the VWAP within a 1% range, suggesting a potential bounce zone. Next, EMA 9 must be greater than EMA 21, confirming an upward trend structure. Finally, RSI must be above 65, showing strong bullish momentum and filtering out weak setups.

When all conditions align, the script plots a green triangle under the candle, signaling a potential long trade. The indicator also includes visual plots of VWAP, EMA 9, and EMA 21, allowing traders to monitor structure and confluence. An optional RSI plot is displayed in the sub-pane for deeper analysis.

This tool is particularly effective for intraday or swing traders in crypto, forex, and stocks. It also includes an alertcondition to notify traders in real time when a long setup appears, making it useful for both manual trading and automation.

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Note di rilascio

This update improves the logic for Long signal generation by optimizing the VWAP pullback condition and cleaning up EMA/RSI filters. We've merged all the signal criteria into a single-line expression for better Pine Script compatibility, as Pine only accepts logical expressions on a single line.
The script now confirms that:
Price is above VWAP
Price is near VWAP (within 0.2%)
EMA 9 is above EMA 21
RSI is above 50
Price is also above EMA9
We also optimized plotting clarity and added internal condition breakdown for easier debugging. This version does not change the trading logic but improves performance and PineScript compliance. Future releases may include additional filters such as bullish candle confirmation, breakout detection, or volatility range filters.
📌 Note: If you copied the script earlier, we recommend replacing it with this updated version to prevent logical or syntax issues, especially with Pine Script v5 requirements.
Thanks for your continued feedback and support.
For questions, find me via DM or script comments.

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Note di rilascio

Change pullback to 0.1 to filter better signals