OPEN-SOURCE SCRIPT
Updated DCA by Vuong Thai v2 %
verview of "DCA by Vuong Thai %" – Upgraded Version
Main Function:
This script automatically detects optimal DCA (Dollar-Cost Averaging) buy points and smart profit-taking zones based on a combination of technical signals: EMA, candlestick patterns, volume, RSI, and price distance from EMA.
It helps you optimize capital allocation using a structured averaging-down strategy and exit trades when a target price range is reached.
✅ Buy Logic (Buy Signal)
A buy signal is triggered when all of the following conditions are met:
Strong bullish candlestick: Green candle with a longer lower wick than upper wick
Price is below the EMA → indicating a downtrend
Volume is above the moving average (if volume filtering is enabled)
Price is at least a certain percentage below the EMA (e.g., ≥ 1%)
RSI is below 30 → indicating an oversold condition
No repeat buys unless price makes a new low → helps avoid premature entries
👉 When a buy signal appears:
A DCA Zone (buy region) is drawn on the chart
A label with the corresponding DCA percentage is displayed automatically (e.g., "DCA 5%", "DCA 10%")
Main Function:
This script automatically detects optimal DCA (Dollar-Cost Averaging) buy points and smart profit-taking zones based on a combination of technical signals: EMA, candlestick patterns, volume, RSI, and price distance from EMA.
It helps you optimize capital allocation using a structured averaging-down strategy and exit trades when a target price range is reached.
✅ Buy Logic (Buy Signal)
A buy signal is triggered when all of the following conditions are met:
Strong bullish candlestick: Green candle with a longer lower wick than upper wick
Price is below the EMA → indicating a downtrend
Volume is above the moving average (if volume filtering is enabled)
Price is at least a certain percentage below the EMA (e.g., ≥ 1%)
RSI is below 30 → indicating an oversold condition
No repeat buys unless price makes a new low → helps avoid premature entries
👉 When a buy signal appears:
A DCA Zone (buy region) is drawn on the chart
A label with the corresponding DCA percentage is displayed automatically (e.g., "DCA 5%", "DCA 10%")
Release Notes
updateOpen-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.