This strategy enters long when a faster moving average crosses above a slower one and short when it crosses below, unless long-only mode is on. An optional volume filter requires volume above a 20-bar average times a multiplier. Exits use a percentage stop los
Strategy · Pine Script v4 · On the chart
MainScript
This strategy calculates a Volume-Weighted Average Price (VWAP) with optional standard deviation bands alongside an Exponential Moving Average (EMA) on the main price chart.
Repaints
GitHub stars7on the repository
Pine versionv4older, still runs
Lines of code109
Settings9inputs
LicenceNone stated
Last update5 years ago15 Jul 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
MainScript is designed to generate buy and sell conditions based on crossovers between the EMA and the anchored VWAP line. Inputs allow traders to configure the anchor period (such as session, week, or financial events), standard deviation multipliers, and EMA length. Note that selecting earnings or dividend anchors enables historical lookahead bias via lookahead settings, and the strategy lacks default stop loss exit rules.
- Custom VWAP calculation with standard deviation bands
- Flexible anchor period selection including financial events
- Exponential Moving Average crossover logic
- Configurable standard deviation multipliers and EMA length
Details
Published by
Swastik2000 on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Volume
Markets
Indices, Stocks, Crypto
Timeframes
M15-H1, H4 and above
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
- The strategy enters trades without a stop loss
File
Repository
Topics
tradingtrading-bottrading-algorithmstrading-strategieshackclubiter
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Hide VWAP on 1D or Above | bool | false | hideonDWM |
| Anchor Period | string | Session | anchor |
| Source | source | hlc3 | src |
| Offset | int | 0 | offset |
| Calculate Bands | bool | true | showBands |
| Bands Multiplier | float | 1.0 | stdevMult |
| Length | int | 9 | lenMAE |
| Source | source | close | srcMAE |
| Offset | int | 0 | offsetMAE |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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