OPEN-SOURCE SCRIPT
lww Crossover Strategy
Strategy Description
This strategy is based on the confluence of VWAP, MVWAP, and EMA crossover structure, designed to identify short-term trend continuation opportunities in both long and short directions.
A trade signal is generated only when the fast EMA, slow EMA, and smoothed VWAP are all positioned on the same side of the MVWAP, indicating directional alignment and structural confirmation. Entries occur only at the moment the condition first becomes true, which helps reduce overtrading during ranging or choppy market conditions.
The strategy enforces a one-trade-at-a-time rule, ensuring that no new positions are opened while an existing trade is active.
Risk management is handled through predefined take-profit and stop-loss levels, which are automatically placed upon entry to maintain clear and consistent risk control. An optional setting allows positions to be closed early if an opposite signal appears.
This strategy is suitable for short-term and intraday trading, emphasizing disciplined execution, structural confirmation, and controlled risk exposure.
This strategy is based on the confluence of VWAP, MVWAP, and EMA crossover structure, designed to identify short-term trend continuation opportunities in both long and short directions.
A trade signal is generated only when the fast EMA, slow EMA, and smoothed VWAP are all positioned on the same side of the MVWAP, indicating directional alignment and structural confirmation. Entries occur only at the moment the condition first becomes true, which helps reduce overtrading during ranging or choppy market conditions.
The strategy enforces a one-trade-at-a-time rule, ensuring that no new positions are opened while an existing trade is active.
Risk management is handled through predefined take-profit and stop-loss levels, which are automatically placed upon entry to maintain clear and consistent risk control. An optional setting allows positions to be closed early if an opposite signal appears.
This strategy is suitable for short-term and intraday trading, emphasizing disciplined execution, structural confirmation, and controlled risk exposure.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.