Intraday for Future By TradeEarn

Intraday Strategy (StochRSI + VWAP + EMA)
Overview The Intraday Pullback Scalper is a specialized trend-following strategy designed for futures and equity traders who prefer to enter existing trends on pullbacks rather than chasing breakouts. By combining volume-weighted data (VWAP) with exponential moving averages (EMA) and momentum oscillators (Stochastic RSI), this script identifies high-probability entry points during intraday sessions. It includes built-in automation hooks (Alerts) compatible with bridge services for seamless execution.

How It Works

The strategy relies on a three-step confirmation process to filter noise and precision-time entries:

Trend Definition (The Filter):

VWAP (Volume Weighted Average Price): Acts as the primary regime filter. Longs are only permitted if price > VWAP; Shorts only if price < VWAP.

EMA (Exponential Moving Average): A secondary trend filter (default 100 periods) ensures alignment with the broader trend.

Time Range Breakout (Optional): Users can enable an "Initial Balance" filter where trades are only taken if the price breaks out of a specific time range (e.g., first hour High/Low).

Entry Trigger (The Signal):

Long Entry: The market must be in an Uptrend (Price > VWAP & EMA). The script waits for a "dip" where the Stochastic RSI drops below the Oversold level (default 20) and then crosses back up.

Short Entry: The market must be in a Downtrend (Price < VWAP & EMA). The script waits for a "rally" where the Stochastic RSI rises above the Overbought level (default 80) and then crosses back down.

Risk Management:

The strategy uses fixed Target Profit and Stop Loss values defined in currency (₹) relative to the trade quantity.

It features visual SL and TP lines on the chart for the duration of the trade to assist with manual monitoring.

Key Features

Universal Compatibility: Works on the "Current Chart" (Nifty, Bank Nifty, Stocks, Commodities) without needing complex dropdown selection.

Visual Dashboard: An on-screen table displays the Current Trade Status (Long/Short), Trend Direction, and Running P&L in real-time.

Algobaba Bridge Ready: Pre-formatted alert messages are included for users utilizing the Algobaba bridge for automation (supports MIS/NRML product types).

Customizable Trend Filters: Users can toggle the Time Range filter or adjust the VWAP Anchor (Session, Week, Month).

Settings & Configuration

Trade Quantity: Set your default lot size (e.g., 50 for Nifty).

Risk Settings: Define Target and Stop Loss in Rupees (₹) per trade setup.

Indicators: Adjustable lengths for EMA, RSI, and Stochastic.

Trading Window: Restrict entries to specific session hours (e.g., 09:15 - 15:10).

⚠️ IMPORTANT DISCLAIMER & RISK WARNING ⚠️

1. Educational Purpose Only This strategy script is provided solely for educational, informational, and research purposes. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any securities, futures, or derivatives. The author is not a SEBI registered Research Analyst or Investment Advisor.

2. No Guarantee of Profit The "P&L" and performance metrics displayed on the chart are hypothetical and based on historical data. Past performance is not indicative of future results. Market conditions change, and a strategy that worked in the past may fail in the future.

3. Limitations of Backtesting

Slippage & Commission: The script results may not fully account for real-world execution costs such as broker commissions, taxes (STT/GST), slippage, or liquidity issues.

Repainting/Data Lag: While every effort is made to ensure code stability, real-time data feeds may vary from historical data due to internet latency or data provider differences.

4. High Risk in Derivatives Trading Futures and Options (F&O) involves a substantial risk of loss and is not suitable for every investor. You can lose more than your initial capital. Please assess your risk tolerance and financial situation before trading.

5. Automation & Third-Party Tools This script includes alert messages formatted for third-party bridge services (e.g., Algobaba). The author assumes no responsibility for:

Technical failures, API errors, or connectivity issues with your broker or bridge provider.

Incorrect order execution resulting from automation.

Users are solely responsible for monitoring their trades and verifying order execution.

Usage Agreement By using this script, you acknowledge that you are trading at your own risk and hold the author harmless from any losses incurred. Always test on a paper trading account before deploying real capital.