OPEN-SOURCE SCRIPT
Signal Probability tgambinox
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Title: Signal Probability • EMA + RSI + MACD + VWAP — tgambinox
Description:
This indicator scores the probability of a successful LONG or SHORT entry in real time by evaluating four technical conditions simultaneously, each worth 25 points for a maximum score of 100%.
The four conditions:
C1 · EMA 9/21 — Trend direction. EMA 9 above EMA 21 confirms bullish momentum; below confirms bearish.
C2 · RSI (14) — Filters overbought/oversold extremes. Optimal zone is 40–60 to avoid chasing extended moves.
C3 · MACD (12,26,9) — Momentum confirmation. A bullish crossover validates LONG entries; bearish crossover validates SHORT.
C4 · VWAP + Volume — Price must be above (LONG) or below (SHORT) the daily VWAP, backed by above-average volume.
Signal levels:
🟢 ≥ 90% — Strong signal, all conditions aligned. Triangle marker on chart.
🟡 ≥ 65% — Moderate signal, 3 of 4 conditions met. Label only.
Below 65% — No signal. Wait for better alignment.
Title: Signal Probability • EMA + RSI + MACD + VWAP — tgambinox
Description:
This indicator scores the probability of a successful LONG or SHORT entry in real time by evaluating four technical conditions simultaneously, each worth 25 points for a maximum score of 100%.
The four conditions:
C1 · EMA 9/21 — Trend direction. EMA 9 above EMA 21 confirms bullish momentum; below confirms bearish.
C2 · RSI (14) — Filters overbought/oversold extremes. Optimal zone is 40–60 to avoid chasing extended moves.
C3 · MACD (12,26,9) — Momentum confirmation. A bullish crossover validates LONG entries; bearish crossover validates SHORT.
C4 · VWAP + Volume — Price must be above (LONG) or below (SHORT) the daily VWAP, backed by above-average volume.
Signal levels:
🟢 ≥ 90% — Strong signal, all conditions aligned. Triangle marker on chart.
🟡 ≥ 65% — Moderate signal, 3 of 4 conditions met. Label only.
Below 65% — No signal. Wait for better alignment.
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.