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mohanee
Sep 16, 2020 7:34 PM

ZVWAP strategy 

Invesco QQQ Trust, Series 1NASDAQ

Description

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

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

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

Stop Loss
========
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


Comments
Satichi
This is one impressive strategy you have made and I have tweaked the numbers and added time frame to test how it performed in the last two months of BTC with considerable correction. It has still shown very good results.
So thank you very much for making it a strategy. :) Very much with under valued attention. Also the script by Lazybear is very useful but with strategy it works even better.

The one request I have is if you can help me in adding a 'short sell' to it too, with Similar 'TP and SL' points. That would be incredible, can it be done good sir?
impressiveLeop84526
Hello. does it repaint ?
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