The Vortex VWAP RSI is a dynamic momentum oscillator that combines the power of Volume Weighted Average Price (VWAP), Relative Strength Index (RSI), and Hull Moving Average (HMA) to create a unique trading tool. This indicator is designed to help traders identify potential trend reversals and momentum shifts with improved accuracy and reduced noise.
Key Features • Utilizes VWAP as the source for RSI calculations, providing volume-weighted momentum insights • Incorporates HMA smoothing for a more responsive and less lagging signal • Customizable overbought and oversold levels for versatile market analysis • Clear visual representation of momentum shifts
How It Works The Vortex VWAP RSI calculates the RSI using VWAP as its price input, then applies HMA smoothing to create a fluid, responsive line. This combination aims to capture market momentum while filtering out minor fluctuations.
Trading Signals • Bullish signals may occur when the indicator crosses above the oversold level • Bearish signals might be generated when the indicator drops below the overbought level • Divergences between the indicator and price can suggest potential trend reversals
Customization Options Traders can fine-tune the indicator by adjusting: • RSI VWAP Length • HMA Smoothing Length • Overbought and Oversold Levels • Visual settings (colors, line width)