NYSE Open VWAP Reclaims with Pullback Holds and Session Levels

Summary

This intraday strategy is designed around the NYSE regular-session open. It seeks long or short trades after price reclaims the open-anchored VWAP and then holds a pullback, with a short-term EMA curl and optional rising-volume confirmation. The trade window is narrower than the full regular session. Stops are placed beyond the setup extreme with a configurable buffer, oversized stops can cancel a trade, and profit targets use a fixed tick distance. The script also limits new trades after a chosen number of VWAP crosses.

Beyond entries, it calculates and displays several reference levels, including VWAPs anchored to other sessions or the regular-session high and low, opening-range and initial-balance levels, and cross-market status for selected instruments. These chart tools provide context but are not evidence that the entry rules are profitable. The document contains no reported backtest results; behavior may also depend on chart resolution, data quality, and execution assumptions.

Key ideas

• The entry concept combines a regular-session open VWAP reclaim with a pullback hold.
• A short-term EMA pattern and optional rising volume provide additional confirmation.
• The strategy uses a restricted trade window, buffered setup-extreme stops, and fixed-distance targets.
• It displays session VWAPs, opening-range and initial-balance levels, and cross-market context.
• No performance results are supplied, so the document establishes rules rather than demonstrated effectiveness.

Tags

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