VWAP Predator
The xBat VWAP Predator uses behavioural analysis with volume, price action with open and close proximities to the Fibonacci bands/zones (Fib Zones). The following describes how the xBrat VWAP Predator is different to any standard use of Volume Weighted Average Price and uses xBrat Proprietary Behavioural logic to determine high probability long and Short signals. All of this heavy lifting and logic is done behind the scenes, keeping traders charts clean.
Long Trading Signals - Candle Coloured in Blue - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be above the VWAP Line
2. The Price must open below the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be an Accumulation Candle (more volume than the preceding candle and More Buyers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Long Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from green to red, the trader should consider exiting the trade
Short Trading Signals - Candle Coloured in Pink - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be below the VWAP Line
2. The Price must open above the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be a Distribution Candle (more volume than the preceding candle and More Sellers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Short Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from red to green, the trader should consider exiting the trade.
VWAP Predator is a day trading and scalping signals trading indicator.
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Author's instructions
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact PBratbyOfficial directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.