OPEN-SOURCE SCRIPT

EMA 9/21/50 + VWAP + MACD + RSI Pro [v6]

1 910
Overview:
A powerful multi-indicator tool combining Exponential Moving Averages (EMA 9, 21, 50), Volume-Weighted Average Price (VWAP), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) into a single, easy-to-read system. Designed for traders who want a clean, all-in-one dashboard for trend analysis, momentum confirmation, and overbought/oversold conditions.

Key Features:
1. Triple EMA System (9, 21, 50)
Identifies short-term and medium-term trends.

Bullish Signal: EMA 9 > EMA 21 > EMA 50 (Green Highlight)

Bearish Signal: EMA 9 < EMA 21 < EMA 50 (Red Highlight)

Helps confirm trend direction and potential reversals.

2. VWAP (Volume-Weighted Average Price)
Tracks intraday fair value price based on volume.

Bullish: Price above VWAP (Green)

Bearish: Price below VWAP (Red)

3. MACD (Standard 12, 26, 9 Settings)
Shows momentum shifts.

Bullish: MACD line > Signal line (Green)

Bearish: MACD line < Signal line (Red)

Histogram confirms strength of momentum.

4. RSI (14-Period Default)
Identifies overbought (>70) and oversold (<30) conditions.

Red: Overbought (Potential Reversal)

Green: Oversold (Potential Bounce)

5. Signal Dashboard (Top-Right Table)
Real-time summary of all indicators in one place.

Color-coded for quick interpretation (Green = Bullish, Red = Bearish).

How to Use This Indicator?
✅ Trend Confirmation:

Trade in the direction of EMA alignment (9 > 21 > 50 for uptrends).

Use VWAP as dynamic support/resistance.

✅ Momentum Entries:

Look for MACD crossovers while RSI is not extreme.

Avoid buying when RSI > 70 or selling when RSI < 30 (unless strong trend).

✅ Mean Reversion:

Fade extreme RSI readings (overbought/oversold) when price is at key levels.

Who Is This For?
✔ Swing Traders – EMA + MACD combo for trend-following.
✔ Day Traders – VWAP + EMA for intraday bias.
✔ RSI Traders – Clear overbought/oversold signals.

Settings Customization:
Adjust EMA lengths, RSI periods, and MACD settings as needed.

Toggle VWAP visibility on/off.

Why Use This Script?
📌 All-in-One: No need for multiple indicators cluttering your chart.
📌 Visual Clarity: Color-coded signals for quick decision-making.
📌 Flexible: Works on any timeframe (1M, 5M, 1H, Daily, etc.).

Install now and enhance your trading strategy with a professional-grade multi-indicator system!

Not a financial advice. Use at your own discretion and always apply risk management

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.