VWAP, EMA, and RSI Filters for Short-Term Scalping Signals

Summary

This lower-timeframe scalping script combines a fast and slow exponential moving average, VWAP, and RSI. A bullish setup requires the fast EMA above the slow EMA, price above VWAP, and RSI below its oversold threshold. A bearish setup requires the reverse EMA and VWAP alignment with RSI above its overbought threshold. The default EMA lengths are 9 and 21, RSI length is 7, and the thresholds are 20 and 80.

The strategy opens long or short positions on those conditions and sets percentage-based profit and loss distances, converted to instrument ticks for its exits. Default target and stop values are 0.3% and 0.2%, respectively. The source is presented as an initial script for lower-timeframe scalping, but includes no backtest results or evidence of profitability. RSI extremes combined with trend alignment define the entries; the document does not explain how those conditions were validated or address transaction costs and execution effects.

Key ideas

• Long entries require bullish EMA alignment, price above VWAP, and RSI below the oversold threshold.
• Short entries require bearish EMA alignment, price below VWAP, and RSI above the overbought threshold.
• The default settings use 9- and 21-period EMAs and a 7-period RSI.
• Percentage-based profit and stop distances are converted into instrument ticks for strategy exits.
• The script is offered for lower-timeframe scalping but includes no reported backtest evidence.

Tags

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