OPEN-SOURCE SCRIPT
Corrected VWAP Strategy
The "Corrected VWAP and Stochastic Strategy" is a powerful trading indicator that combines key market dynamics to enhance decision-making in intraday and swing trading. This tool integrates the following:
VWAP (Volume Weighted Average Price):
Tracks the average price level weighted by volume.
Includes standard deviation bands to identify overbought and oversold conditions.
Stochastic Oscillator:
Provides momentum signals with %K and %D lines.
Highlights potential trend reversals using stochastic crossovers.
ATR (Average True Range) Trailing Stop Loss:
Dynamically calculates long and short trailing stops.
Offers risk management through adaptive stop-loss levels based on market volatility.
Buy and Sell Signals:
Generates real-time alerts for bullish and bearish conditions.
Signals are based on stochastic crossovers combined with VWAP positioning.
Whether you're a day trader looking for quick entries or a swing trader focused on trend-following strategies, this indicator offers actionable insights into market conditions. It's especially effective in high-volume assets where VWAP and momentum oscillators shine.
Key Features:
Dynamic VWAP Bands: Helps identify key price levels and deviations.
Momentum Analysis: Leverages stochastic oscillator for directional bias.
Risk Management: ATR-based trailing stops for disciplined exits.
Visual Alerts: Intuitive buy and sell signals plotted directly on the chart.
Customizable Inputs: Tailor parameters like VWAP length, stochastic periods, and ATR multipliers to suit your trading style.
VWAP (Volume Weighted Average Price):
Tracks the average price level weighted by volume.
Includes standard deviation bands to identify overbought and oversold conditions.
Stochastic Oscillator:
Provides momentum signals with %K and %D lines.
Highlights potential trend reversals using stochastic crossovers.
ATR (Average True Range) Trailing Stop Loss:
Dynamically calculates long and short trailing stops.
Offers risk management through adaptive stop-loss levels based on market volatility.
Buy and Sell Signals:
Generates real-time alerts for bullish and bearish conditions.
Signals are based on stochastic crossovers combined with VWAP positioning.
Whether you're a day trader looking for quick entries or a swing trader focused on trend-following strategies, this indicator offers actionable insights into market conditions. It's especially effective in high-volume assets where VWAP and momentum oscillators shine.
Key Features:
Dynamic VWAP Bands: Helps identify key price levels and deviations.
Momentum Analysis: Leverages stochastic oscillator for directional bias.
Risk Management: ATR-based trailing stops for disciplined exits.
Visual Alerts: Intuitive buy and sell signals plotted directly on the chart.
Customizable Inputs: Tailor parameters like VWAP length, stochastic periods, and ATR multipliers to suit your trading style.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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