OPEN-SOURCE SCRIPT

MACD Volume VWAP Scalping (2min) by Obiii

32
📘 Strategy Description (for TradingView)

MACD Volume VWAP Scalping Strategy (2-Minute Intraday Momentum)

This strategy is designed for scalpers and short-term intraday traders who focus on capturing small, high-probability moves during the most active hours of the trading session — typically between 9:45 AM and 11:30 AM (New York time).

The system combines three key momentum confirmations:

MACD crossovers to detect short-term trend shifts,

Volume spikes to validate real market participation, and

VWAP / EMA alignment to filter trades in the direction of the prevailing intraday trend.

🔹 Entry Logic

Long Entry:

MACD line crosses above the signal line

Both MACD and Signal are above zero

Current volume > average of the last 10 candles

Price is above VWAP and (optionally) above EMA 9 and EMA 20

Short Entry:

MACD line crosses below the signal line

Both MACD and Signal are below zero

Current volume > average of the last 10 candles

Price is below VWAP and (optionally) below EMA 9 and EMA 20

🎯 Exit Logic

Fixed Take Profit: +0.25%

Fixed Stop Loss: -0.15% to -0.20%

Optionally, switch to the 5-minute chart after entry to monitor momentum and manage exits more smoothly.

⚙️ Recommended Settings

Timeframe: 2 minutes (entries), 5 minutes (monitoring)

Market Session: 9:45 AM – 11:30 AM EST

Assets: Highly liquid instruments such as SPY, QQQ, NVDA, TSLA, AAPL, or large-cap momentum stocks.

💡 Notes

This is a momentum-based scalping strategy — precision and discipline are key.

It performs best in high-volume environments where clear direction emerges after the morning volatility settles.

The system can be fine-tuned for different profit targets, MACD settings, or volume thresholds depending on volatility.

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.