STEMWAP — Indicator by UnknownUnicorn2689000

This update includes the stop loss long and stop loss short adjustments as well as VWAP tuning into the STEM script.

I tend to not use the VWAP tuning but sometimes the strategy script will benefit slightly from using it.

The adjustment values make a huge difference, especially when using this on shorter time frames.

The idea is to tweak the strategy settings until you have something profitable, then set your stemwap to those settings and use it as a helpful guideline for your day trades.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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