MACD VWAP Indicator

British Pound/U.S. DollarFXCM

Description

⋅ Aug 2, 2020 9:55 PM

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! :)

Comments

ho18bu

⋅ Mar 23, 2022 3:50 AM

This indictor is a Gem if one knows how to use it ....., thank you so much.

PVMike

⋅ May 5, 2021 4:22 PM

Thank you,

SpotifyPremium

⋅ Sep 9, 2020 7:41 PM

how can I set an alert for when there is a buy signal?

Pan1no

⋅ Aug 12, 2020 6:47 PM

in my SP500 plot does not show somethings.

confidentKitte81014

⋅ Aug 25, 2020 2:38 AM

@Pan1no, It doesn't show because it doesn't have volumes.

Pan1no

⋅ Aug 12, 2020 6:38 PM

Very usefull my friend .... it doesnt show the ORANGE line on SP500 though.

bacetonkich

⋅ Feb 17, 2021 2:40 AM

Its very good. However, I recommend for long positions to take trades only above 200 EMA and for short positions only under 200 EMA in order to increase strategy winrate.

EV123D

⋅ Apr 13, 2021 11:22 PM

@bacetonkich, trade in the trade, not countertrend. its a very good rule of thumb

jvenkatkrish

⋅ Mar 3, 2024 4:40 PM

I will try it!
Thank you!

ranainter28

⋅ Mar 28, 2023 4:51 PM

Why it does not show, which one is the VWAP or MACD? Confused