This TradingView indicator is designed for **15-minute intraday trading**, providing **stronger and more accurate buy/sell signals** by combining multiple technical indicators: **MACD, RSI, EMA, VWAP, and ATR**.
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### **Key Components & Logic**
#### **1. MACD (Moving Average Convergence Divergence)** - Uses **8, 21, 5 MACD settings** (faster than the default 12, 26, 9) for quicker signal detection. - Buy Signal: **MACD line crosses above the signal line**. - Sell Signal: **MACD line crosses below the signal line**.
#### **2. RSI (Relative Strength Index)** - Helps confirm momentum strength. - Buy only if **RSI is above 30** (prevents buying in weak markets). - Sell only if **RSI is below 70** (prevents selling too early).
#### **3. 50-Period EMA (Trend Filter)** - Ensures trades align with the **overall trend**. - **Buy signals only trigger if price is above the EMA**. - **Sell signals only trigger if price is below the EMA**.
#### **4. VWAP (Volume Weighted Average Price)** - Avoids false signals by ensuring price is above/below a volume-based average. - **Buy only if price is above VWAP** (uptrend confirmation). - **Sell only if price is below VWAP** (downtrend confirmation).
#### **5. ATR (Average True Range) Filter** - Ensures trades occur only in **high-volatility conditions**. - **Buy/Sell signals trigger only when ATR is above a threshold (default: 1.0)**.
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### **Buy & Sell Signal Conditions**
✅ **Buy Signal (Plotted as Green Arrow Below Price)** - MACD **bullish crossover** (MACD line crosses above the signal line). - RSI **above 30** (not in an oversold zone). - **Price is above the 50 EMA** (strong uptrend). - **Price is above VWAP** (avoiding false breakouts). - **ATR is above 1.0** (ensuring enough volatility for a trade).
❌ **Sell Signal (Plotted as Red Arrow Above Price)** - MACD **bearish crossunder** (MACD line crosses below the signal line). - RSI **below 70** (not in an overbought zone). - **Price is below the 50 EMA** (downtrend confirmation). - **Price is below VWAP** (avoiding weak downtrends). - **ATR is above 1.0** (ensuring enough movement for profitability).
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### **Why This Works Well for 15-Minute Charts** ✅ **Faster MACD settings** reduce lag and react quicker to price changes. ✅ **EMA + VWAP** ensures **trend alignment** and prevents false signals. ✅ **ATR filter** removes low-volatility signals, increasing accuracy. ✅ **Simple buy/sell signals** make it easy to read and execute trades.
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### **How to Use This Indicator** 1. Apply it to a **15-minute** timeframe. 2. Wait for a **green label (BUY)** or **red label (SELL)** on the chart. 3. Confirm signals with **support/resistance levels** for extra reliability. 4. Use a **1:2 risk-reward ratio** for trade exits.
This strategy ensures **higher accuracy, fewer false trades, and stronger trend-based entries**. 🚀