OPEN-SOURCE SCRIPT

VWAP Pullback + RSI Confirmation

1 005
This strategy focuses on trend continuation entries. Instead of betting on reversions, it looks for opportunities when price pulls back to VWAP but the dominant trend remains intact.

Trend Bias:

Price above VWAP = bullish environment → look for BUY pullbacks.

Price below VWAP = bearish environment → look for SELL pullbacks.

Entry Logic:

BUY: Price pulls back near VWAP, RSI stays above oversold (momentum intact).

SELL: Price pulls back near VWAP, RSI stays below overbought (momentum intact).

Exit Rule:

Stop-loss just below/above VWAP.

Take-profit at 1.5–2x risk (default script uses ~2%).

Best Timeframes:

15m–1H → good for intraday trend-following setups.

Daily → captures stronger, longer trends.

⚡ This strategy is powerful in trending markets because VWAP acts as a "magnet" for pullbacks, while RSI prevents overbought/oversold traps.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.