EMA5/21 + VWAP + MACD Histogram

Script Summary: EMA + VWAP + MACD + RSI Strategy

Objective: Combine multiple technical indicators to identify market entry and exit opportunities, aiming to increase signal accuracy.

Indicators Used:

EMAs (Exponential Moving Averages): Periods of 5 (short-term) and 21 (long-term) to identify trend crossovers.

VWAP (Volume Weighted Average Price): Serves as a reference to determine if the price is in a fair value zone.

MACD (Moving Average Convergence Divergence): Standard settings of 12, 26, and 9 to detect momentum changes.

RSI (Relative Strength Index): Period of 14 to identify overbought or oversold conditions.

Entry Rules:

Buy (Long): 5-period EMA crosses above the 21-period EMA, price is above VWAP, MACD crosses above the signal line, and RSI is above 40.

Sell (Short): 5-period EMA crosses below the 21-period EMA, price is below VWAP, MACD crosses below the signal line, and RSI is below 60.

Exit Rules:

For long positions: When the 5-period EMA crosses below the 21-period EMA or MACD crosses below the signal line.

For short positions: When the 5-period EMA crosses above the 21-period EMA or MACD crosses above the signal line.

Visual Alerts:

Buy and sell signals are highlighted on the chart with green (buy) and red (sell) arrows below or above the corresponding candles.

Indicator Plotting:

The 5 and 21-period EMAs, as well as the VWAP, are plotted on the chart to facilitate the visualization of market conditions.

This script is a versatile tool for traders seeking to combine multiple technical indicators into a single strategy. It can be used across various timeframes and assets, allowing adjustments according to the trader's profile and market characteristics.

Juliano Einhardt Ulguim, Brazil, 05/27/2025.