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.
OscillatorsTrend Analysis

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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