ZVWAP strategy by mohanee

trendanalysis volumestudies z_distance_from_vwap_lazybear

This strategy is based on Z distance from VWAP indicator by LazyBear

I have added few filters to utilize the indicator ...

BUY Rule
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1. fast ema is above slow ema
2. zvwap is dipped below oversold area (default set to -0.5)
3. after the dip , while crossing above zero --- BUY

Note , when the above criteria is met , bar color is changed to yellow

Exit Rule
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1. Exit when zvwap enters overbought line (default set to 2.0)

Stop Loss
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default set to 5% ( you can change it in settings )

Note : strategy does not draw ema lines on the chart. Please add manually to your chart

warning: for education purposes only

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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