TrendPulse: 9 EMA + VWAP Continuation Strategy by waynemarnold
By waynemarnold
Performance Metrics
- Author: waynemarnold
- Symbol: NASDAQ:SPCX
- Timeframe: 5 minutes
- Win Rate: 51.9%
- Profit Factor: 1.483
Description
TrendPulse combines 9 EMA trend structure, VWAP positioning, and continuation logic into a chart-ready intraday strategy. It includes fully customizable visual aids, signal markers, dashboard metrics, and active trade overlays for entry, stop, target, and break-even visualization, allowing traders to tailor the display to their own strategy and charting preferences. Trade overlays appear only while a position is active and automatically disappear once the trade is closed to help keep charts clean and uncluttered.TrendPulse combines 9 EMA trend structure, VWAP positioning, and continuation logic into a chart-ready intraday strategy built for traders who want both structure and flexibility. The script is designed to help identify trend alignment, continuation opportunities, and trade management levels while keeping the chart readable and customizable.This strategy includes fully customizable visual aids, signal markers, dashboard metrics, and active trade overlays for entry, stop, target, and break-even visualization. All visual elements can be adjusted to better fit individual trading styles, chart layouts, and preferred market conditions. Active trade overlays appear only while a position is live and automatically disappear after the trade closes, helping reduce chart clutter.How It WorksTrendPulse evaluates price structure using a combination of:fast and slow EMA trend biasa dynamic basis line9 EMA contextVWAP positioningvolatility and regime conditionsvolume and liquidity filtersoptional benchmark confirmationThe strategy looks for breakout and continuation behavior when market conditions support trend movement. It is especially useful for traders who want a structured framework for momentum continuation setups while still having the ability to customize the chart presentation.Key Features9 EMA and VWAP overlaysDynamic basis line with bullish, bearish, and neutral coloringBreakout and continuation entry logicRelative volume and dollar-volume liquidity filtersOptional market benchmark filterRisk-based position sizingStop, target, and break-even trade overlaysOptional ATR-based trailing logicCompact on-chart dashboardTiny buy/sell triangle signal markersFully customizable colors and visibility controlsTrade overlays shown only during active positions to reduce clutterHow To Use ItTrendPulse is best used as a structured intraday tool for identifying trend continuation conditions.General long idea Look for:bullish trend alignmentprice holding above important structuresupportive VWAP positioningimproving momentum or continuation behaviorsufficient liquidity and relative volumeGeneral short idea Look for:bearish trend alignmentprice staying below important structureweak VWAP positioningdownside continuation behaviorsufficient liquidity and relative volumeEntry logicDepending on the selected mode, the strategy can look for:Breakout setupsContinuation setupsor BothThis lets traders adapt the script to different market conditions and personal preferences.Risk managementThe script can calculate:entrystoptargetoptional break-even behavioroptional trailing behaviorThe active trade lines are shown only while a trade is open, then removed automatically once the position closes so the chart stays clean.Dashboard GuideThe TrendPulse dashboard is designed to help traders quickly assess market condition, directional quality, momentum participation, and whether price may already be extended.StateShows the current market regime: Trend, Expand, Quiet, or Noisy.Trend suggests cleaner directional structure and better follow-through potential.Expand suggests volatility is increasing, which can support strong momentum but also faster reversals.Quiet suggests a slower or compressed market where breakouts may fail more often.Noisy suggests mixed or unstable behavior with less reliable continuation.How to use it: This is a context filter. Trend and Expand conditions are generally more favorable than Quiet or Noisy conditions for momentum-based setups.L / SShows the current Long Score and Short Score.A higher Long Score suggests stronger bullish alignment.A higher Short Score suggests stronger bearish alignment.If both are weak or close together, directional edge may be limited.How to use it: Helps identify which side has better structure and quality. A clear score imbalance can support directional bias, while similar or weak scores may suggest patience.ChopMeasures how choppy or directional recent price action has been.Lower values generally suggest cleaner trend behavior.Higher values usually suggest more back-and-forth movement.How to use it: Lower Chop is generally more favorable for continuation-style setups. Higher Chop often means a greater chance of fakeouts, failed breakouts, or messy follow-through.ATR ExpShows the ATR expansion ratio, which compares current volatility to its recent average.Higher values suggest the market is becoming more active.Lower values suggest a quieter or less energized environment.How to use it: Helps gauge whether a move has enough energy behind it to continue. Rising ATR Exp can support momentum, but very high expansion can also mean the move is becoming aggressive and may be approaching exhaustion.TrendShows the current directional bias: Bull, Bear, or Flat.Bull favors long-side continuation thinking.Bear favors short-side continuation thinking.Flat suggests weaker directional edge.How to use it: A quick directional filter to help traders stay aligned with broader short-term structure instead of trading against it.% vs 9 EMAShows the percent distance of price from the 9 EMA.Positive values mean price is above the 9 EMA.Negative values mean price is below the 9 EMA.How to use it: Helps judge short-term extension. The farther price moves from the 9 EMA, the more likely it may be becoming overextended or moving toward a capitulation/exhaustion phase. Smaller distances often reflect healthier continuation positioning, while larger distances can warn against chasing entries too late.% vs VWAPShows the percent distance of price from VWAP.Positive values mean price is above VWAP.Negative values mean price is below VWAP.How to use it: Helps judge how far price has moved from the session’s average traded value. A modest distance can support trend control, but a large distance may indicate emotional expansion, late-stage extension, or growing mean-reversion risk. If both the 9 EMA and VWAP distances are highly stretched in the same direction, the move may be strong but also increasingly vulnerable to pullback or exhaustion.VolShows relative volume compared with recent average volume.Higher values suggest stronger participation.Lower values suggest weaker participation.How to use it: Stronger volume can support the credibility of a breakout or continuation move. Weak volume may mean the setup looks good visually but lacks enough participation to sustain follow-through.Best practiceThe dashboard works best when read as a group rather than field by field. For example, Trend or Expand state, strong directional score imbalance, lower Chop, healthy ATR expansion, and supportive volume can point to a cleaner continuation environment. On the other hand, high Chop, weak score separation, and very stretched distance from both the 9 EMA and VWAP may suggest caution, delayed entries, or increased exhaustion risk.CustomizationOne of the main goals of TrendPulse is flexibility.Users can customize:visibility of moving averages, basis, channels, VWAP, and 9 EMAsignal marker colorsdashboard location, size, and themetrade overlay colorsscore label visibility and sizingbackground regime highlightsThis allows traders to simplify the chart or make it more information-rich depending on how they use it.Best InstrumentsTrendPulse is generally best suited for:liquid stocksactive ETFshigh-volume intraday namesmomentum-focused equitiesIt tends to be more useful on instruments where:volume is meaningfulspreads are not excessiveVWAP and momentum behavior matter intradayIt may be less effective on:illiquid symbolsvery low-volume namesassets with inconsistent intraday movementheavily erratic charts with poor liquidityBest TimeframesThis strategy is primarily designed for intraday use.Most suitable timeframes:1 minute3 minute5 minute15 minuteSome traders may also experiment with:30 minuteAs always, settings may need adjustment depending on the instrument and timeframe being traded.NotesThis script is intended as a structured strategy and visualization tool.Users should test settings across different symbols and timeframes.No single parameter set is ideal for every market.Traders may prefer different combinations of breakout, continuation, and filtering logic depending on their own process.DisclaimerFor educational and research purposes only.This script does not constitute financial advice.Always forward test, validate settings, and manage risk appropriately before using any strategy in live markets.If you find TrendPulse useful, consider saving it, sharing feedback, and adapting the visuals and filters to match your own trading workflow.