OPEN-SOURCE SCRIPT

VWAP, Bollinger Bands, RSI, 5 & 20 EMA, MACD

This script combines the power of multiple key indicators to help you spot the best breakout opportunities and increase your chances of making profitable trades. By leveraging RSI, MACD, Bollinger Bands (BB), 5 & 20 EMAs, and VWAP, it provides a comprehensive approach to market analysis.
How to Use It:

Bullish Setup:
When the price closes above the VWAP.
RSI should be greater than 40, signaling strong market strength.
The 5 EMA acts as support, showing that the trend is likely to continue.
The MACD should show bullish momentum, confirming the buy signal.
Bollinger Bands (BB) should be contracted, indicating that a breakout is likely.

When all these conditions align, it's time to open a long position and aim for a high-reward trade—targeting at least a 1:6 reward-to-risk ratio.

Made by: Wasi Rao
Contact: Instagram - @wasi_rao_
educational

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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