Long-Only VWAP Reclaim Entries with Momentum and Trend Filters

Summary

This long-only strategy enters when price is above VWAP and several directional conditions agree. The entry rule checks that Supertrend is bullish, MACD is above its signal and above zero, RSI remains below a ceiling, the positive directional indicator exceeds the negative one, and the time is before an entry cutoff. It enters only when no position is open. Although the script calculates Bollinger Band width and tracks recent squeezes, those values do not appear in the active entry condition.

An open position closes if price falls below VWAP, crosses down through it, MACD moves below its signal, or Supertrend turns bearish. The code also calculates a later-day exit time, but the position-closing rule for that time is commented out, so it does not enforce an end-of-day exit. The rules are visible in the source, but no backtest results or evidence of profitability are provided. The filters and time checks depend on chart timeframe and session conventions, while no explicit stop-loss or position-sizing policy is defined.

Key ideas

• Long entries require price above VWAP along with bullish MACD, directional movement, and Supertrend conditions.
• An RSI ceiling and an entry-time cutoff further restrict new positions.
• Exits occur on weakness relative to VWAP, MACD, or Supertrend.
• The calculated Bollinger squeeze condition does not affect the active entry rule.
• The intended end-of-day close is commented out, and the script reports no performance evidence.

Tags

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