PROTECTED SOURCE SCRIPT
Palace Fast BWAL signals

Key Features:
1. VWAP Calculation: Uses hlc3 (typical price = `(high + low + close)/3`) as the input for the VWAP.
2. 5-period EMA: Standard exponential moving average of closing prices.
3. Combined Line: The bothWorldsLine is the arithmetic mean of VWAP and EMA5.
4. Visuals: Plotted as a thick red line for clear visibility.
### How to Use:
1. Add this script to a 1-minute ES futures chart.
2. The line dynamically balances intraday sentiment (VWAP) with short-term momentum (EMA5).
3. Use it to identify:
- Support/Resistance: Price often reacts near this line.
- Trend Bias: Price above the line suggests bullish bias; below indicates bearish bias.
- Mean Reversion: Fades when price deviates excessively from the line.
### Example:
- Bullish Confirmation: Price holds above the line while VWAP & EMA5 are rising.
- Bearish Rejection: Price rejects the line with volume during a downtrend.
This line combines the strengths of VWAP (volume-weighted context) and EMA5 (responsiveness) into a single powerful indicator.
1. VWAP Calculation: Uses hlc3 (typical price = `(high + low + close)/3`) as the input for the VWAP.
2. 5-period EMA: Standard exponential moving average of closing prices.
3. Combined Line: The bothWorldsLine is the arithmetic mean of VWAP and EMA5.
4. Visuals: Plotted as a thick red line for clear visibility.
### How to Use:
1. Add this script to a 1-minute ES futures chart.
2. The line dynamically balances intraday sentiment (VWAP) with short-term momentum (EMA5).
3. Use it to identify:
- Support/Resistance: Price often reacts near this line.
- Trend Bias: Price above the line suggests bullish bias; below indicates bearish bias.
- Mean Reversion: Fades when price deviates excessively from the line.
### Example:
- Bullish Confirmation: Price holds above the line while VWAP & EMA5 are rising.
- Bearish Rejection: Price rejects the line with volume during a downtrend.
This line combines the strengths of VWAP (volume-weighted context) and EMA5 (responsiveness) into a single powerful indicator.
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。