OPEN-SOURCE SCRIPT

EVWMA VWAP MACD Strategy [QuantNomad]

By QuantNomad
Based on comment of Coondawg71 I tried to compare VWAP and EVWMA.
Both are sort of moving averages so I decided to create a MACD based on these 2 indicators.
In parameters you can set EVWMA Length and 2 smoothing lengths for "macd" and "signal".

Strategy seems to work pretty good at 2h-8h timeframes for crypto.

What do you thing about it?

evwmaevwmacdMoving Average Convergence / Divergence (MACD)macdivergencerippleVolume Weighted Average Price (VWAP)Volume Weighted Moving Average (VWMA)xrpXRPBTC
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Open-source script

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 publication is governed by House rules. You can favorite it to use it on a chart.

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