OPEN-SOURCE SCRIPT
9 EMA vs VWAP Crossover auto buy and sell strategy
Purpose: The script is designed to provide trade signals based on the relationship between a short-term 9-period EMA and the VWAP.
How It Works:
Calculate the 9 EMA: Provides a short-term trend indicator.
Calculate the VWAP: Reflects the average price weighted by volume during the session.
Generate Signals:
A buy signal is generated when the 9 EMA crosses above the VWAP.
A sell (or short) signal is generated when the 9 EMA crosses below the VWAP.
Visual Feedback: The script plots the indicators and places labels on the chart to mark these crossovers.
How It Works:
Calculate the 9 EMA: Provides a short-term trend indicator.
Calculate the VWAP: Reflects the average price weighted by volume during the session.
Generate Signals:
A buy signal is generated when the 9 EMA crosses above the VWAP.
A sell (or short) signal is generated when the 9 EMA crosses below the VWAP.
Visual Feedback: The script plots the indicators and places labels on the chart to mark these crossovers.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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