13 EMA Momentum Entries with Volume and VWAP Filters

Summary

This strategy seeks short-term momentum reversals around a 13-period exponential moving average. It enters long when a green candle closes above the EMA after the prior close was at or below it, and enters short on the mirrored red-candle move below the EMA. A volume condition requires activity above a multiple of its 20-period average. VWAP can be used as a directional alignment filter, or entries can require an actual VWAP cross.

The script includes long and short entries, a trailing exit option, and fixed profit and loss parameters when trailing is disabled. The accompanying description recommends one-minute charts and liquid stocks, and claims fewer signals and improved win rate, but provides no supporting backtest results. There are implementation caveats: the code has no five-minute EMA confirmation despite the prose describing one, and the filter toggle affects VWAP alignment but does not disable the volume requirement. The fixed profit and loss inputs are labeled as percentages in the prose, while the script passes them as strategy exit units, so their behavior may not match that description.

Key ideas

• Long entries require a bullish candle to cross above the EMA after the prior close was below or at it.
• Short entries mirror the long rule with a bearish candle crossing below the EMA.
• Signals require volume above a multiple of the recent average, while VWAP alignment or crossing can further constrain entries.
• Exits use either trailing orders or fixed profit and loss parameters, depending on the selected setting.
• The promotional performance claims are unsupported by reported test data, and some prose descriptions do not match the code.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.