OPEN-SOURCE SCRIPT
Body Dominant VWMA Strategy aum
Core Features:
Daily VWMA reset option for intraday trading
Body dominant candle detection
Position tracking and signal generation
Buy/Sell labels on candles
Decisive Entry Mode:
When OFF: Signals on close price crossing VWMA
When ON: Signals only when entire candle (including wicks) is above/below VWMA
Body Proportion Check:
Calculates ratio of body to total candle size
Only generates signals on body-dominant candles
Position Management:
Tracks current position
Prevents duplicate signals
Resets positions on new day when daily reset is enabled
Visualization:
VWMA line plotted in blue
Clear BUY/SELL labels on candles
Alert conditions for both signals
Daily VWMA reset option for intraday trading
Body dominant candle detection
Position tracking and signal generation
Buy/Sell labels on candles
Decisive Entry Mode:
When OFF: Signals on close price crossing VWMA
When ON: Signals only when entire candle (including wicks) is above/below VWMA
Body Proportion Check:
Calculates ratio of body to total candle size
Only generates signals on body-dominant candles
Position Management:
Tracks current position
Prevents duplicate signals
Resets positions on new day when daily reset is enabled
Visualization:
VWMA line plotted in blue
Clear BUY/SELL labels on candles
Alert conditions for both signals
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