MACD VWAP Indicator

2. Aug. 2020

This indicator uses a combination of the VWAP, EMA 9 and parts of the MACD in order to detect a bullish or bearish trend.

How to trade it:

• Set SL either below or above the VWAP line (orange) and TP to 1:1.5 ratio (depending on last few candles, of course).
  
• If EMA200 is close by then place SL either below or above EMA200 (blue) and TP to 1:1.5 ratio
  

Important:

Best traded in 15M, 30M => Intraday.

Have fun! :)

14. Nov. 2024

Versionshinweise

Created a new V2 of the script, currently as BETA.

New features:

• Only prints BUY if above EMA 200
  
• Only prints SELL if below EMA 200
  
• Shows SL and TP directly in the chart (default ratio 1:1.5 - can be changed in settings)
  
• Allows to show the lines of the last signals (default off; pretty messy, only use it to backtest)
  
• More alerts possible (just click on the indicator dots to create an alert (or double-click the indicator))
  

Please use it with caution and try to stay on lower time frames (15M/30M).