NY Session Trend Retests with VWAP, Premarket Levels, and Regime Filters

Summary

This intraday strategy trades during a configurable New York session and uses a higher-timeframe EMA to set directional bias. Its default entry is a VWAP retest: price touches or crosses the session VWAP, then closes back on the trend side. Optional entries use premarket high or low breakouts and retests, or retests of a shorter EMA. A VWAP slope and recent price-range filter can screen out flat or compressed conditions.

The script also describes trade management: exits based on candle-body position around an EMA or VWAP, stops with a tick buffer, partial profit targets at premarket or day extremes, optional breakeven movement, a cooldown after closing, and forced closure outside the session. It plots session levels and includes a performance dashboard, but the supplied text gives no backtest results or evidence of profitability. Its behavior depends on chart timeframe, instrument, session settings, and execution assumptions; the excerpt also omits part of the exit logic, so some details cannot be assessed.

Key ideas

• The strategy aligns intraday entries with the direction of a higher-timeframe EMA.
• A VWAP retest is the default trigger, while premarket breakouts and EMA retests are optional alternatives.
• VWAP slope and recent range thresholds can filter out flat or compressed conditions.
• Trade management includes buffered stops, optional partial exits, breakeven moves, and session-end closure.
• The document provides no empirical performance results, and the displayed source is incomplete.

Tags

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