HA • EMA9/21 • Daily VWAP – Fixed Signals (v6)

HA • EMA9/21 • Daily VWAP – Fixed Signals (v6)
Heikin Ashi EMA 9/21 + Daily VWAP Setup Indicator

Description

This indicator combines three proven concepts into one clean and practical trading tool:

Heikin Ashi Candles → smooth out price action and highlight trends more clearly.

EMA 9/21 → a classic momentum and trend filter.

Daily VWAP (Volume Weighted Average Price) → widely used by professionals as dynamic support and resistance.

How it works

Long Signal:
Triggered when Heikin Ashi turns bullish, EMA 9 is above EMA 21, and price crosses above the Daily VWAP.

Short Signal:
Triggered when Heikin Ashi turns bearish, EMA 9 is below EMA 21, and price crosses below the Daily VWAP.

For every signal the indicator automatically draws Entry, Stop-Loss, and Take-Profit levels directly on the chart:

Entry = price at the signal bar

Stop-Loss (SL) = recent swing low/high or ATR-based (configurable)

Take-Profit (TP) = calculated using the chosen Risk/Reward ratio

Features

✅ Instant signals (no repainting)
✅ Fixed horizontal lines for Entry, SL, and TP extending to the right side of the chart
✅ Customizable Risk/Reward ratio (default: 1.5)
✅ Choice between Swing-based or ATR-based stop-loss
✅ Alerts for both Long and Short signals
✅ Clean chart visualization without clutter

Use case

This tool is designed for traders who want clear, rule-based setups.
It provides easy-to-spot signals that can be used for manual trading, journaling, and backtesting.

⚠️ Note: This is not an automated trading strategy. Always confirm signals with your own analysis and apply proper risk management.