OPEN-SOURCE SCRIPT

VWAP - Bearish Momentum

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Conditions in the Current Code:
Weekly Chart Conditions:
MACD Downtick → MACD line is lower than the previous bar.
RSI Below 60 → RSI on the weekly chart is below 60.
(Both conditions must be met for the hourly conditions to be checked.)

Hourly Chart Conditions for Red Signal (Bearish Signal):
Price Below VWAP → Price is closing below the VWAP.
Price Below 50 EMA → Price is closing below the 50 EMA.
-DI above +DI → Ensures a negative trend.
RSI Below 60 → RSI must be below 60.
Price Crossing Below 50 EMA & VWAP from Above → Ensures red signal when price moves below these levels.
✔ A new red signal appears when all conditions are met, but only once per trend.
✔ No intermediate red signals between a red-green signal pair.

Green Signal (Trend Reversal) on Hourly Chart:
HA Candle is Green → Heikin-Ashi candle must be green.
HA Candle Closes Above VWAP → The green Heikin-Ashi candle must close above VWAP.
✔ Green signal appears only after a red signal has been triggered.
✔ No new red signals appear between a red-green signal pair.

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