mohanee

Improve the entries on VWAP and RSI strategy

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
I have noticed that some trades missed in VWAP and RSI strategy. To improve the entries and add more you can add divergence indicator and set the source of it to vwap. change the settings to 5 , 3, 3

when the price is trending below 200 line , then look for Divergence indication and buy when price closes above VWAP. In the above screen you see divergence at 1 . when it appears you are already 3 bars ahead of it. That is OK , buy when price above vwap. You can exit when RSI reaches above 70 80 or wait for cross down 70 or 80. That will greatly improve the performance
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