knowlze

SSP + VWMA

knowlze Updated   
Input menu allows you to set long / short entries using,

Net volume change from above or below zero.,
Net volume changes of positive to negative values,
VWAP rising or falling.
VWMA rising or falling

Stop loss and take profit are built in to test the most profitable strategy.

uncheck net volume in menu bar to remove background colours on chart

Uncheck VWAP and VWMAto test long and short entries ( using net volume change ) note session look back is available to edit, if use take profit is unchecked then this will simulate net volume change from positive to negative.

Check VWMA or VWAP to simulate long or short entries

With VWAP checked this will simulate VWAP entries with rising / falling VWAP with previous take profit and stop losses that we’re profitable.
Release Notes:
New feature called Exit type, This feature gives users the option of selecting to use a set stop loss and take profit OR set stop loss and allow code to trigger alert to take profit.

This feature can be used to evaluate drawdowns script may endure when using a set SL with no fixed TP.

Simply choose from the drop down menu called Exit type, either TP and SL or SL and net volume exit.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact knowlze for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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Author's instructions

Uncheck VWAP and VWMAto test long and short entries ( using net volume change ) note session look back is available to edit, if use take profit is unchecked then this will simulate net volume change from positive to negative.

Want to use this script on a chart?

Warning: please read before requesting access.