EOD re-entries

25 Nov 2020

This indicator is designed to compliment another of my trading scripts which gives signals for long-term trends on the daily chart. Here, I'm using the same daily 50 and 200MAs, but projecting them on the 4 hour chart to potentially catch faster trade re-entry points.

There are built in alerts for the following:

- Long: The price closed above the daily 50 MA while the 4 hour VWAP is above the MVWAP
- Long: The price closed above the daily 200 MA while the 4 hour VWAP is above the MVWAP
- Short: The price closed below the daily 50 MA while the 4 hour VWAP is below the MVWAP
- Short: The price closed below the daily 200 MA while the 4 hour VWAP is below the MVWAP
- VWAP long re-entry (large green triangle): The price closes above the VWAP and both the 50 & 200 MAs
- VWAP short re-entry (large red triangle): The price closes below the VWAP and both the 50 & 200 MAs
- EMA long re-entry (small green triangle): 4 EMAs of your choosing are fanning out above the 50 & 200 MAs when the price is above VWAP
- EMA short re-entry (small red triangle): 4 EMAs of your choosing are fanning out below the 50 & 200 MAs when the price is below VWAP

All of the above are filtered against stochastic RSI and numerous other oscillators to reinforce the signals.

This is a private script. Please DM me for access.

2 Jan 2021

Catatan Rilis

Added text to VWAP labels to distinguish between those and EMA entries.

29 Apr 2021

Catatan Rilis

I've improved the existing EMA alerts by validating them against my Balance Builder system. Should the EMAs fan out within 6 candles of a Balance Builder (BB) alert, 'BBEMA' is triggered, signalling that the trade should be taken.

13 Mei 2021

Catatan Rilis

Added an additional alert for filtered VWAP crosses that are confirmed after 3 bars.