This strategy uses BB of VWAP and Pivot point to enter and exit the Long position.
settings
BB length 50 BB Source VWAP
Entry When VWAP crossing up BB midline and price/close is above weekly PivotPoint ( you can also use Daily pivot point )
Exit When VWAP is crossing down BB lower band
Stop Loss Stop loss defaulted to 5%
Note : Long will position will be exited on either VWAP crossing down BB lower band or stop loss is hit - whichever comes first . Being said that some time your stop loss exit is less than 5% which saves from more losses.
Entry is based on weekly Pivot point , so any time frame below weekly will work perfect. I have tested t on 30 min , 1 HR , 4 Hr , Daily charts. Even weekly setting shows good results , that will work for long term investing style.
if you change Pivot period to Daily , chose time frames below Daily.
I also noticed this strategy mostly do not enter Long position in a down trend. Even it finds one , it will be exited with minimal loss.
Warning For the use of educational purposes only
릴리즈 노트
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I have added partial exit options. Original version used to exit partial when VWAP cross down upper BB band. Now you can chose one of the below 3 options ...
VWAP_crossunder_upperBB --- This is same as original version
VWAP_crossunder'_FibR3 --- partial exit , when VWAP crosses down weekly Fib R3
choosing second options are producing more net profit --- That is due to we are waiting to capture more profits :-)
Happy Trading
Please let me know your comments or feedback ...
Note : VWAP and Fib pivot points on the chart are not plotted by the script. If you want to see how the strategy is taking partial profits , please add VWAP (session) and Pivot Points Standard (select Fibonacci option) with weekly resolution
Hi.. Unable to get the signals... anything I need to do to get that.. thanks in advance
ediks123
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Please not Script only draws the Bollinger Band of VWAP to the bottom panel.
VWMA and Pivot Points have added manually for illustration purpose ...
You dont need to have these on the chart as the script already calculates the pivot points behind the scenes. ( also I dont know hot to plot the lines to upper chart and below panel at same time )