OPEN-SOURCE SCRIPT
Updated gobucs1314 indicator
Here's the order execution logic from gobucs the 🐐! Gobucs1314 is an elliot wave trader and top analyst in the webull community.
Basic logic
• The indicator is for order execution / confirmation, not for regime detection or beta work (user must handle that separately).
• It watches EMA 9, EMA 21, and VWAP.
• A LONG signal prints only when, on the same bar:
1. Price is above VWAP,
2. Price is above the 9 EMA,
3. The 9 EMA crosses above the 21 EMA.
• A SHORT signal prints only when, on the same bar:
1. Price is below VWAP,
2. Price is below the 9 EMA,
3. The 9 EMA crosses below the 21 EMA.
All three must be true; otherwise no signal
Basic logic
• The indicator is for order execution / confirmation, not for regime detection or beta work (user must handle that separately).
• It watches EMA 9, EMA 21, and VWAP.
• A LONG signal prints only when, on the same bar:
1. Price is above VWAP,
2. Price is above the 9 EMA,
3. The 9 EMA crosses above the 21 EMA.
• A SHORT signal prints only when, on the same bar:
1. Price is below VWAP,
2. Price is below the 9 EMA,
3. The 9 EMA crosses below the 21 EMA.
All three must be true; otherwise no signal
Release Notes
Here's the order execution logic from gobucs the 🐐! Gobucs1314 is an elliot wave trader and top analyst in the webull community.Basic logic
• The indicator is for order execution / confirmation, not for regime detection or beta work (user must handle that separately).
• It watches EMA 9, EMA 21, and VWAP.
• A LONG signal prints only when, on the same bar:
1. Price is above VWAP,
2. Price is above the 9 EMA,
3. The 9 EMA crosses above the 21 EMA.
• A SHORT signal prints only when, on the same bar:
1. Price is below VWAP,
2. Price is below the 9 EMA,
3. The 9 EMA crosses below the 21 EMA.
All three must be true; otherwise no signal
exit logic also included as a toggleable setting, note this can be a bit noisy
Release Notes
Here's the order execution logic from gobucs the 🐐! Gobucs1314 is an elliot wave trader and top analyst in the webull community.Basic logic
• The indicator is for order execution / confirmation, not for regime detection or beta work (user must handle that separately).
• It watches EMA 9, EMA 21, and VWAP.
• A LONG signal prints only when, on the same bar:
1. Price is above VWAP,
2. Price is above the 9 EMA,
3. The 9 EMA crosses above the 21 EMA.
• A SHORT signal prints only when, on the same bar:
1. Price is below VWAP,
2. Price is below the 9 EMA,
3. The 9 EMA crosses below the 21 EMA.
All three must be true; otherwise no signal
exit logic also included as a toggleable setting, note this can be a bit noisy
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.