Red Pill VWAP/RSI Divergence

昨天

I created this indicator to identify moments in time VWAP and RSI are diverging.
Ideally useful in strong trend, bullish or bearish, as a potential entry point on a pull back for continuation. Not to be used as a stand alone signal, but rather in conjunction with any possible trend/momentum strategy.

VWAP is identified as the blue line. Green label(blue pill) is your potential entry on a pull back when price is above, stacked EMAS & VWAP for a long position. Red label(red pill) is your potential entry on a pull back when price is below inversely stacked EMAS & VWAP for a short position. These are the 2 ideal scenarios I have found. Please back test for yourself

I have had great results but must emphasis this is not a stand alone buy/sell. I use it in confluence to add conviction to my current A+ setups.

***Pivot ribbon in chart created by Saty Mahajan set to 3/10 time warp works ideal in conjunction.

***please note false positive and false negative signals can occur, particularly in chop

I hope you find this helpful . TRADE SAFE!