Volume Weighted Trend Strategy [JaxonJackFX] by JaxonJackFX
By JaxonJackFX
Performance Metrics
- Author: JaxonJackFX
- Symbol: OANDA:XAUUSD
- Timeframe: 1 hour
- Net P&L: −5,496.44 USD (−55.15%)
- Win Rate: 20.7%
- Profit Factor: 0.673
- Max Drawdown: 6,260.80 USD (61.77%)
- Total Trades: 816
Description
This strategy is based on the original "Volume Weighted Trend" indicator by QuantAlgo. Core logic is used under MPL 2.0. Extended with strategy entries, stop loss, take profit, and trade direction controls by JaxonJackFX.🟢 OverviewThis strategy is based on the original "Volume Weighted Trend" indicator by QuantAlgo.Original script: Core logic used under Mozilla Public License 2.0. Extended and converted to a strategy by JaxonJackFX.The Volume Weighted Trend Strategy identifies statistically significant trend changes by combining volume-weighted price analysis with volatility-based breakout bands. A Volume Weighted Moving Average (VWMA) forms the central trend baseline, with ATR-based bands that expand and contract around it. When price closes above the upper band the trend turns bullish; below the lower band it turns bearish — holding direction until the opposite band is breached to avoid whipsaws.🟢 What's New in This Strategy Version▶ Strategy Entries & Exits: Automatically enters long/short positions on confirmed trend changes and closes the opposite trade.▶ Trade Direction Control: Choose Long Only, Short Only, or Both directions.▶ Optional Stop Loss: ATR-based stop loss to manage downside risk.▶ Optional Take Profit: ATR-based take profit to lock in gains.▶ Full Backtesting: Built-in performance tracking via TradingView's Strategy Tester.🟢 Signal Interpretation▶ Bullish (price closes above upper band) → Long entry, short exit▶ Bearish (price closes below lower band) → Short entry, long exit▶ Neutral zone (price between bands) → Holds last confirmed direction, no new signal🟢 AlertsThree alert conditions included: Bullish Signal, Bearish Signal, and Any Trend Change.⚠️ DisclaimerThis script is for educational purposes only. Past performance is not indicative of future results. Always use proper risk management.