OPEN-SOURCE SCRIPT

ZVWAP strategy

5 389
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


Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.