OPEN-SOURCE SCRIPT
VWMA + ML RSI Strategy
VWMA + ML RSI Strategy
This strategy combines the power of Volume-Weighted Moving Average (VWMA) with a Machine Learning-enhanced RSI to generate high-probability long entries.
✅ Buy Logic:
A buy signal is triggered when:
The candle closes above the VWMA
The ML RSI (smoothed using advanced moving averages) is above 60
If only one of the above conditions is met, the strategy waits for the second to confirm before entering.
❌ Sell Logic:
The position is closed when:
The candle closes below the VWMA, and
The ML RSI falls below 40
🎯 Risk Management:
Take Profit: 1.5% above entry
Stop Loss: 1.5% below entry
🤖 ML RSI Explanation:
The ML RSI is a refined version of the traditional RSI using smoothing techniques (like ALMA, EMA, etc.) to reduce noise and enhance responsiveness to price action. It helps filter out weak signals and improves trend confirmation.
🔧 Customization:
Adjustable VWMA length
Configurable ML RSI smoothing method, length, and ALMA sigma
Thresholds for entry/exit RSI levels
This strategy combines the power of Volume-Weighted Moving Average (VWMA) with a Machine Learning-enhanced RSI to generate high-probability long entries.
✅ Buy Logic:
A buy signal is triggered when:
The candle closes above the VWMA
The ML RSI (smoothed using advanced moving averages) is above 60
If only one of the above conditions is met, the strategy waits for the second to confirm before entering.
❌ Sell Logic:
The position is closed when:
The candle closes below the VWMA, and
The ML RSI falls below 40
🎯 Risk Management:
Take Profit: 1.5% above entry
Stop Loss: 1.5% below entry
🤖 ML RSI Explanation:
The ML RSI is a refined version of the traditional RSI using smoothing techniques (like ALMA, EMA, etc.) to reduce noise and enhance responsiveness to price action. It helps filter out weak signals and improves trend confirmation.
🔧 Customization:
Adjustable VWMA length
Configurable ML RSI smoothing method, length, and ALMA sigma
Thresholds for entry/exit RSI levels
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.