OPEN-SOURCE SCRIPT
Kim Lisa – A+ Rejection System (EMA48/EMA200 + VWAP)
This indicator identifies high-probability reversal setups based on strict rejection rules at three key dynamic levels: EMA 48, EMA 200, and VWAP.
It scans the 5-minute chart for strong bullish or bearish rejection candles (body entirely above/below the level with a dominant wick) combined with trend confirmation and a time-based filter.
Features:
• EMA 48 / EMA 200 / VWAP rejection signals
• Trend filter (price vs. EMA200 & VWAP)
• Touch detection of EMA/VWAP
• Rejection candle logic (strict body & wick conditions)
• Automatic Entry, Stop-Loss, and 1:2 Take-Profit levels
• Session filter (07:15–13:00 and 14:00–18:00 CET)
• Visual boxes, arrows, and alerts for BUY/SELL setups
This tool is designed to support structured and consistent intraday trading with clear A+ setups.
It scans the 5-minute chart for strong bullish or bearish rejection candles (body entirely above/below the level with a dominant wick) combined with trend confirmation and a time-based filter.
Features:
• EMA 48 / EMA 200 / VWAP rejection signals
• Trend filter (price vs. EMA200 & VWAP)
• Touch detection of EMA/VWAP
• Rejection candle logic (strict body & wick conditions)
• Automatic Entry, Stop-Loss, and 1:2 Take-Profit levels
• Session filter (07:15–13:00 and 14:00–18:00 CET)
• Visual boxes, arrows, and alerts for BUY/SELL setups
This tool is designed to support structured and consistent intraday trading with clear A+ setups.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.