ZVWAP strategy by eemani123
By eemani123
Performance Metrics
- Author: eemani123
- Symbol: NASDAQ:QQQ
- Timeframe: 1 hour
- Net P&L: +630.66 USD (+6.31%)
- Win Rate: 85.5%
- Profit Factor: 3.168
- Max Drawdown: 95.91 USD (0.95%)
- Total Trades: 124
- Sharpe Ratio: −0.09
Description
This strategy is based on Z distance from VWAP indicator by LazyBearI have added few filters to utilize the indicator ...BUY Rule=======1. fast ema is above slow ema2. zvwap is dipped below oversold area (default set to -0.5)3. after the dip , while crossing above zero --- BUYNote , when the above criteria is met , bar color is changed to yellowExit Rule========1. Exit when zvwap enters overbought line (default set to 2.0)Stop Loss========default set to 5% ( you can change it in settings )Note : strategy does not draw ema lines on the chart. Please add manually to your chartwarning: for education purposes only