VWAP and Zero-Lag EMA Pullback Scalping with ATR Exits

Summary

This intraday scalping script combines a zero-lag exponential moving average, VWAP, and volume confirmation. It sets bullish bias when price is above both the zero-lag average and VWAP, and bearish bias when below both. A trade setup requires price to pull back to the VWAP, its first standard-deviation band, or the average, followed by a candle-direction and close-based confirmation. A remembered signal state prevents repeated same-direction triggers until an opposite signal occurs.

Stops are set using ATR multiplied by a configurable factor, and profit targets use a configurable reward-to-risk multiple. An opposite trigger closes the existing position before entering the new direction. The supplied excerpt gives parameter defaults and script logic, including a commission assumption, but no asset, timeframe, backtest report, or performance results. The method therefore offers rules to investigate, not evidence that the scalping approach is profitable; execution costs and intrabar fills may materially affect outcomes.

Key ideas

• Directional bias requires price to be on the same side of both VWAP and the zero-lag moving average.
• Entries combine a pullback to a VWAP band or moving average with candle-based confirmation.
• ATR determines the stop distance, while a configurable reward-to-risk multiple sets the target.
• The signal state suppresses repeated entries in the same direction until an opposite signal occurs.
• The excerpt contains no backtest results to establish the strategy's performance.

Tags

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