OPEN-SOURCE SCRIPT
Intraday buy and sell indicator for stock and options
This powerful intraday trading indicator leverages two key crossovers for buy and sell signals, optimized for stocks and options trading:
EMA9 Crossover: The 9-period Exponential Moving Average (EMA9) responds quickly to price changes, making it ideal for capturing short-term momentum shifts. A bullish signal is generated when the stock price crosses above the EMA9, indicating a potential upward trend, while a bearish signal occurs when the price crosses below, signaling a potential reversal.
VWMA Crossover Confirmation: The Volume-Weighted Moving Average (VWMA) provides further confirmation of trend direction by integrating volume data. When the VWMA aligns with EMA9 (price crosses above both for buy or below for sell), the signals are validated, increasing the probability of a successful trade.
How It Works:
Buy Signal: Generated when the stock price crosses above EMA9 and VWMA in unison, indicating strong bullish momentum.
Sell Signal: Generated when the stock price crosses below EMA9 and VWMA, signaling potential bearish momentum.
This indicator is designed to provide high-quality entry and exit points for intraday trades, filtering out weaker signals and reducing whipsaws. It’s ideal for active traders seeking a strategic edge by combining price action with volume confirmation for higher probability trades.
EMA9 Crossover: The 9-period Exponential Moving Average (EMA9) responds quickly to price changes, making it ideal for capturing short-term momentum shifts. A bullish signal is generated when the stock price crosses above the EMA9, indicating a potential upward trend, while a bearish signal occurs when the price crosses below, signaling a potential reversal.
VWMA Crossover Confirmation: The Volume-Weighted Moving Average (VWMA) provides further confirmation of trend direction by integrating volume data. When the VWMA aligns with EMA9 (price crosses above both for buy or below for sell), the signals are validated, increasing the probability of a successful trade.
How It Works:
Buy Signal: Generated when the stock price crosses above EMA9 and VWMA in unison, indicating strong bullish momentum.
Sell Signal: Generated when the stock price crosses below EMA9 and VWMA, signaling potential bearish momentum.
This indicator is designed to provide high-quality entry and exit points for intraday trades, filtering out weaker signals and reducing whipsaws. It’s ideal for active traders seeking a strategic edge by combining price action with volume confirmation for higher probability trades.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.