VWAP EMA50 EMA200
The indicator is called "Super Secret 200 EMA." It combines two technical indicators, the Supertrend and the 200 Exponential Moving Average (EMA), to generate buy and sell opportunities in a trading chart.
We script this one for combining VWAP , EMA50 and EMA200. The tool is fantastic if traders know how VWAP , EMA work? Just adding this script in your favorite and work like charm:
VWAP: How to trade with that
- One of the simplest uses of the VWAP is gauging support and/or resistance.
- A trader who is long a stock can use the VWAP as a target exit if its trading below.
- A stock trading over intraday VWAP may be bullish , while a stock trading under may be bearish .
EMA 50/EMA200: How to trade with that timeframe 50-day or 200-day period
- Identify the trend of market in longterm
- Golden-cross (short term EMA cross above longterm EMA ) is call golden-cross signals. It is opportunity for buying.
- Deal-cross ( short term EMA cross below longterm EMA ) is call dead-cross signals. It is opportunity for selling.
- Identify support levels
- Identify resistance levels
Let me know if you see anything else that should be added/changed.
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//@version=4 | |
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ | |
// FrogAlgo LLC | |
study("VWAP/EMA50/EMA200", overlay=true) | |
src = close | |
//=============================================== | |
// VWAP | |
vwapval = vwap(close) | |
emaval50 = ema(close,50) | |
emaval200 = ema(close,200) | |
vwapBoolean = input(true, title="VWAP", type=input.bool) | |
ema50Boolean = input(true, title="EMA50", type=input.bool) | |
ema200Boolean = input(true, title="EMA200", type=input.bool) | |
plot(vwapBoolean ? vwapval:na,title="VWAP", color=color.white, linewidth=2) | |
plot(ema50Boolean ? emaval50:na, title="EMA 50", color=color.yellow, linewidth=2) | |
plot(ema200Boolean? emaval200:na, title="EMA 200", color=color.blue, linewidth=2) |