Intraday VWAP Reclaim and Pullback Strategy with EMA Confirmation

Summary

This script describes an intraday strategy centered on reclaiming and holding an anchored VWAP during a defined morning trading window. Its inputs specify a New York regular trading session, a separate trade window, VWAP references anchored to session and price extremes, and a fast, middle, and slow EMA set to 5, 8, and 13 periods. The visible settings also allow a reclaim to require either two closes or one close followed by a hold, with optional rising-volume confirmation.

Risk controls include a stop buffer beyond the setup extreme, a maximum permitted stop distance, and a fixed tick take-profit setting. The script also offers a cap on the number of VWAP crosses before new trades stop, and displays cross markers and a market-status panel. The supplied excerpt ends before the entry and exit conditions, so these settings do not establish exactly how signals are executed. No backtest results, markets tested, or performance evidence are included; the approach needs full-code review and market-specific validation.

Key ideas

• The strategy focuses on reclaiming and holding a VWAP anchored to the New York regular session.
• Entries are restricted to a configurable intraday window and may use a close-and-hold or two-close reclaim definition.
• The 5, 8, and 13 period EMAs and optional rising-volume confirmation provide additional context.
• Stop distance and target are configured in ticks, and oversized stops can cancel a setup.
• The excerpt omits the complete signal logic and gives no performance evidence.

Tags

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