OPEN-SOURCE SCRIPT

Price Action Movements by RP

This is the Indicator which will enhance finding Buying and Selling opportunity on any market.
Mostly suited for day Trading and some indicator can be used for signalling stock on longer time frame.

Indicators used to create this strategy is as follows:
- Exponential Moving Average (EMA)
- Supertrend
- Volume Weighted Average Price (VWAP)
- Exponential Moving Average of Volume Weighted Average Price (MVWAP)
- Previous Day Volume Weighted Average Price (PVWAP)
- Previous Day High, Low and Close (PDH, PDL, PDC)
- And Current Day Support and Resistance points based on Previous day Price Movement.

This will indicate where to buy and Sell with Indicator based on Following criteria,
Buy Signal given,
- When Close is above Exponential Moving Average 9
- When Close is above Exponential Moving Average 21
- RSI above 55
- Supertrend is positive
- Volume is above 300 moving Average
- Close is above Volume Weighted Average Price

Sell Signal given,
- When Close is below Exponential Moving Average 9
- When Close is below Exponential Moving Average 21
- RSI below 45
- Supertrend is negative
- Volume is above 300 moving Average
- Close is below Volume Weighted Average Price

Trades can use this Study according to their need of the Indicator.
Users can Tick the indicator which they want to add on Charts to study.

Only Exponential Moving Average indicator can be used.
Only Supertrend can be used.
Volume Weighted Average Price, Previous Day Volume Weighted Average Price, Exponential Moving Average of Volume Weighted Average Price and Previous Day High, Low and Close can be used as a particular study.
Support and Resistance can be used along with Previous Day High and Previous Day Low as a particular study.

This is multipurpose Study which will help Trading Society immensely.

Thank You.
buysellsignalExponential Moving Average (EMA)mvwapPivot Pointsprevious_day_high_lowpvwapVolume Weighted Average Price (VWAP)

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


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