This TradingView indicator is designed for **15-minute intraday trading**, providing **stronger and more accurate buy/sell signals** by combining multiple technical indicators: **MACD, RSI, EMA, VWAP, and ATR**.
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### **Key Components & Logic**
#### **1. MACD (Moving Average Convergence Divergence)** - Uses **8, 21, 5 MACD settings** (faster than the default 12, 26, 9) for quicker signal detection. - Buy Signal: **MACD line crosses above the signal line**. - Sell Signal: **MACD line crosses below the signal line**.
#### **2. RSI (Relative Strength Index)** - Helps confirm momentum strength. - Buy only if **RSI is above 30** (prevents buying in weak markets). - Sell only if **RSI is below 70** (prevents selling too early).
#### **3. 50-Period EMA (Trend Filter)** - Ensures trades align with the **overall trend**. - **Buy signals only trigger if price is above the EMA**. - **Sell signals only trigger if price is below the EMA**.
#### **4. VWAP (Volume Weighted Average Price)** - Avoids false signals by ensuring price is above/below a volume-based average. - **Buy only if price is above VWAP** (uptrend confirmation). - **Sell only if price is below VWAP** (downtrend confirmation).
#### **5. ATR (Average True Range) Filter** - Ensures trades occur only in **high-volatility conditions**. - **Buy/Sell signals trigger only when ATR is above a threshold (default: 1.0)**.
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### **Buy & Sell Signal Conditions**
✅ **Buy Signal (Plotted as Green Arrow Below Price)** - MACD **bullish crossover** (MACD line crosses above the signal line). - RSI **above 30** (not in an oversold zone). - **Price is above the 50 EMA** (strong uptrend). - **Price is above VWAP** (avoiding false breakouts). - **ATR is above 1.0** (ensuring enough volatility for a trade).
❌ **Sell Signal (Plotted as Red Arrow Above Price)** - MACD **bearish crossunder** (MACD line crosses below the signal line). - RSI **below 70** (not in an overbought zone). - **Price is below the 50 EMA** (downtrend confirmation). - **Price is below VWAP** (avoiding weak downtrends). - **ATR is above 1.0** (ensuring enough movement for profitability).
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### **Why This Works Well for 15-Minute Charts** ✅ **Faster MACD settings** reduce lag and react quicker to price changes. ✅ **EMA + VWAP** ensures **trend alignment** and prevents false signals. ✅ **ATR filter** removes low-volatility signals, increasing accuracy. ✅ **Simple buy/sell signals** make it easy to read and execute trades.
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### **How to Use This Indicator** 1. Apply it to a **15-minute** timeframe. 2. Wait for a **green label (BUY)** or **red label (SELL)** on the chart. 3. Confirm signals with **support/resistance levels** for extra reliability. 4. Use a **1:2 risk-reward ratio** for trade exits.
This strategy ensures **higher accuracy, fewer false trades, and stronger trend-based entries**. 🚀
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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