PIVOT PLUS VWAP PLUS EMA/SMA

3 天前

Pivot Points + VWAP + EMA/SMA Strategy
This script combines Pivot Points, VWAP, and Moving Averages (EMA/SMA) to help traders identify key levels and trends in the market. Here's how you can use it:

Key Features
Pivot Points (Support & Resistance):

Automatically plots support and resistance levels based on different methods like Traditional, Fibonacci, or Camarilla.
You can customize the number of levels (S1, R1, etc.) and the time frame (daily, weekly, monthly, etc.).
Use these levels to predict price reversals or breakouts.

VWAP (Volume Weighted Average Price):

Tracks the average price weighted by volume for a specific period (session, week, month, etc.).
Shows the fair value price—useful for spotting overbought/oversold conditions.
Includes optional bands (like Bollinger Bands) for added context.


EMA & SMA (Trend Indicators):

EMA (Exponential Moving Average): Tracks short-term trends for faster signals.
SMA (Simple Moving Average): Tracks long-term trends for steady signals.
Use these lines to confirm market direction and spot entry/exit points.

How to Use It
Trend Confirmation:

If the price is above VWAP or EMA/SMA lines, it signals an uptrend.
If the price is below, it signals a downtrend.

Support & Resistance Levels:

Pivot levels act as key zones for potential reversals.
Look for price action near S1, S2 (support) or R1, R2 (resistance), etc.

Entry & Exit:

Enter trades when the price breaks a pivot level with strong volume.
Exit trades at the next pivot level or when the price crosses back below/above VWAP or EMA/SMA.

Customization:

User have option to adjust settings like pivot type, timeframes, and line colors to fit your style.
Activate or deactivate bands and moving averages as needed.

Example Strategy
Long Trade Setup:

Price is above VWAP and EMA.
Breakout above R1 with strong momentum.
Set your target at R2 or R3, and stop loss below VWAP.

Short Trade Setup:

Price is below VWAP and EMA.
Breaks below S1 with strong selling pressure.
Set your target at S2 or S3, and stop loss above VWAP.

You can implement your own strategy. This is just an example how to optimize support and resistance.