OPEN-SOURCE SCRIPT
VWAP + 20 EMA Decision Guide Table

🔍 VWAP + 20 EMA Decision Guide
This is just a guide to trade in intraday based on the Price , EMA and Vwap relative position . Its not a trading signal for Buy and Sell
Step 1: Where is Price relative to VWAP?
├── Price ABOVE VWAP → Potential bullish bias
└── Price BELOW VWAP → Potential bearish bias
Step 2: Where is 20 EMA relative to VWAP?
├── 20 EMA ABOVE VWAP
│ ├── If Price also ABOVE → Strong Bullish Trend
│ │ → Look for VWAP pullback bounce (High-probability Long)
│ └── If Price BELOW → Mixed signal
│ → Momentum bullish but under VWAP = Caution, Skip
│
└── 20 EMA BELOW VWAP
├── If Price also BELOW → Strong Bearish Trend
│ → Look for VWAP pullback rejection (High-probability Short)
└── If Price ABOVE → Mixed signal
→ Momentum bearish but above VWAP = Caution, Skip
Step 3: Is EMA slope aligned with VWAP direction?
├── Yes → Confidence increases
└── No → Market is likely in consolidation → Avoid
Step 4: Confirmation check
- Volume spike at VWAP test?
- Rejection candle pattern?
- Higher timeframe trend aligned?
If YES → take trade
If NO → stay flat
This is just a guide to trade in intraday based on the Price , EMA and Vwap relative position . Its not a trading signal for Buy and Sell
Step 1: Where is Price relative to VWAP?
├── Price ABOVE VWAP → Potential bullish bias
└── Price BELOW VWAP → Potential bearish bias
Step 2: Where is 20 EMA relative to VWAP?
├── 20 EMA ABOVE VWAP
│ ├── If Price also ABOVE → Strong Bullish Trend
│ │ → Look for VWAP pullback bounce (High-probability Long)
│ └── If Price BELOW → Mixed signal
│ → Momentum bullish but under VWAP = Caution, Skip
│
└── 20 EMA BELOW VWAP
├── If Price also BELOW → Strong Bearish Trend
│ → Look for VWAP pullback rejection (High-probability Short)
└── If Price ABOVE → Mixed signal
→ Momentum bearish but above VWAP = Caution, Skip
Step 3: Is EMA slope aligned with VWAP direction?
├── Yes → Confidence increases
└── No → Market is likely in consolidation → Avoid
Step 4: Confirmation check
- Volume spike at VWAP test?
- Rejection candle pattern?
- Higher timeframe trend aligned?
If YES → take trade
If NO → stay flat
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.