OPEN-SOURCE SCRIPT
VWMA Cross Buy Signal
Core Components & Logic
1. The Entry Engine (VWMA + Filters)
The strategy triggers a long signal when a Volume Weighted Moving Average (VWMA) crossover occurs.
Unlike a standard Simple Moving Average, the VWMA gives more weight to bars with higher volume. This ensures the indicator responds faster to "Smart Money" moves and slower to low-volume noise.
It uses a secondary Trend Filter (defaulting to the 200 EMA). By only buying when the price is above this line, the indicator forces you to stay on the right side of the primary market trend.
It requires volume to be higher than its recent average (e.g., 1.1× or 10% higher). This prevents entries on weak, low-conviction price moves.
2. The Dynamic Exit System
You have two distinct ways to manage your risk and targets, toggleable in the settings:
ATR Based (Volatility Adjusted): It calculates the Average True Range (ATR) to determine how volatile the stock is. By setting your Stop Loss at 2.0×ATR, you avoid getting "shaken out" by normal daily price fluctuations. The Take Profit is set at 4.4×ATR to capture large trend extensions.
Fixed % (Static): A more rigid approach where you set a hard percentage target (e.g., 10% gain / 5% loss).
3. The Performance Analytics Table
The grey minimalist table in the bottom-right corner uses cumulative percentage-based math to show:
Realized RRR: The actual Reward-to-Risk ratio based on your closed trades.
Break-Even Win Rate: The minimum win rate you need to stay profitable with your current RRR. It uses the formula:
BE WR=1+RRR1
Current Win Rate: Highlighted in Green if you are beating the Break-Even rate, or Red if the strategy is currently losing money on that specific stock.
Max Drawdown %: The most important metric for risk. It shows the largest peak-to-trough decline in your equity curve, letting you know how much losing streak can hurt your equity.
Strategic Use Case
This indicator is optimized for Stock Screening. When you flip through your watchlist, the table updates instantly.
If you see a stock with a high Win Rate and a Max Drawdown under 10%, you have found a ticker where the VWMA crossover logic is highly compatible with that stock's specific volatility. If the Win Rate cell is Red, you know the strategy is "un-tuned" for that asset and needs adjustment.
1. The Entry Engine (VWMA + Filters)
The strategy triggers a long signal when a Volume Weighted Moving Average (VWMA) crossover occurs.
Unlike a standard Simple Moving Average, the VWMA gives more weight to bars with higher volume. This ensures the indicator responds faster to "Smart Money" moves and slower to low-volume noise.
It uses a secondary Trend Filter (defaulting to the 200 EMA). By only buying when the price is above this line, the indicator forces you to stay on the right side of the primary market trend.
It requires volume to be higher than its recent average (e.g., 1.1× or 10% higher). This prevents entries on weak, low-conviction price moves.
2. The Dynamic Exit System
You have two distinct ways to manage your risk and targets, toggleable in the settings:
ATR Based (Volatility Adjusted): It calculates the Average True Range (ATR) to determine how volatile the stock is. By setting your Stop Loss at 2.0×ATR, you avoid getting "shaken out" by normal daily price fluctuations. The Take Profit is set at 4.4×ATR to capture large trend extensions.
Fixed % (Static): A more rigid approach where you set a hard percentage target (e.g., 10% gain / 5% loss).
3. The Performance Analytics Table
The grey minimalist table in the bottom-right corner uses cumulative percentage-based math to show:
Realized RRR: The actual Reward-to-Risk ratio based on your closed trades.
Break-Even Win Rate: The minimum win rate you need to stay profitable with your current RRR. It uses the formula:
BE WR=1+RRR1
Current Win Rate: Highlighted in Green if you are beating the Break-Even rate, or Red if the strategy is currently losing money on that specific stock.
Max Drawdown %: The most important metric for risk. It shows the largest peak-to-trough decline in your equity curve, letting you know how much losing streak can hurt your equity.
Strategic Use Case
This indicator is optimized for Stock Screening. When you flip through your watchlist, the table updates instantly.
If you see a stock with a high Win Rate and a Max Drawdown under 10%, you have found a ticker where the VWMA crossover logic is highly compatible with that stock's specific volatility. If the Win Rate cell is Red, you know the strategy is "un-tuned" for that asset and needs adjustment.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。