OPEN-SOURCE SCRIPT
MACD + RSI + VWAP Strategy
The buy signal occurs when:
- MACD crosses above the Signal line.
- RSI is below the overbought level (70).
- Price is above the VWAP, indicating bullish sentiment.
The sell signal occurs when:- MACD crosses below the Signal line.
- RSI is above the oversold level (30).
- Price is below the VWAP, indicating bearish sentiment.
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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