OPEN-SOURCE SCRIPT
FRVP + AVWAP Improved By NgashCT
Overview
The FRVP + AVWAP Improved strategy is designed to capitalize on price trends using a combination of Fixed Range Volume Profile (FRVP), Anchored VWAP (AVWAP), and key momentum indicators. It integrates RSI, EMA, MACD, and ATR-based stop-loss management to refine trade entries and exits, ensuring a dynamic and adaptable trading approach.
Key Components
Anchored VWAP (AVWAP) – Measures the volume-weighted average price, acting as a dynamic support/resistance level.
Fixed Range Volume Profile (FRVP) – Identifies key high/low price levels within a given range, helping detect market structure shifts.
Exponential Moving Average (EMA) – The 200-period EMA acts as a trend filter to prevent counter-trend trades.
Relative Strength Index (RSI) – Helps avoid overbought/oversold conditions.
MACD Confirmation – Ensures momentum aligns with trade direction.
Volume Filter – Avoids low-volume trades for higher accuracy.
ATR-based Stop Loss & Trailing Stop – Adjusts dynamically based on market volatility.
Entry Conditions
✅ Long Entry:
Price crosses above AVWAP
Price is above the 200 EMA
RSI is above the oversold level
MACD confirms momentum
Volume is above threshold
✅ Short Entry:
Price crosses below AVWAP
Price is below the 200 EMA
RSI is below the overbought level
MACD confirms bearish momentum
Volume is above threshold
Exit Strategy
Stop Loss: ATR-based to adapt to volatility
Take Profit: Dynamically adjusted based on risk-reward ratio
Trailing Stop: Locks in profits as price moves favorably
Strengths & Edge
🔥 Combines Trend & Volume-Based Analysis – AVWAP & FRVP provide a strong foundation for trade decisions.
🔥 Momentum Filtering – MACD, RSI, and EMA improve trade quality.
🔥 Adaptive Risk Management – ATR-based stop-loss adapts to volatility, improving risk-reward.
🔥 Avoids Low-Volume Trades – Reduces false signals and improves accuracy.
This strategy is optimized for crypto and stock markets and works best in trending conditions.
The FRVP + AVWAP Improved strategy is designed to capitalize on price trends using a combination of Fixed Range Volume Profile (FRVP), Anchored VWAP (AVWAP), and key momentum indicators. It integrates RSI, EMA, MACD, and ATR-based stop-loss management to refine trade entries and exits, ensuring a dynamic and adaptable trading approach.
Key Components
Anchored VWAP (AVWAP) – Measures the volume-weighted average price, acting as a dynamic support/resistance level.
Fixed Range Volume Profile (FRVP) – Identifies key high/low price levels within a given range, helping detect market structure shifts.
Exponential Moving Average (EMA) – The 200-period EMA acts as a trend filter to prevent counter-trend trades.
Relative Strength Index (RSI) – Helps avoid overbought/oversold conditions.
MACD Confirmation – Ensures momentum aligns with trade direction.
Volume Filter – Avoids low-volume trades for higher accuracy.
ATR-based Stop Loss & Trailing Stop – Adjusts dynamically based on market volatility.
Entry Conditions
✅ Long Entry:
Price crosses above AVWAP
Price is above the 200 EMA
RSI is above the oversold level
MACD confirms momentum
Volume is above threshold
✅ Short Entry:
Price crosses below AVWAP
Price is below the 200 EMA
RSI is below the overbought level
MACD confirms bearish momentum
Volume is above threshold
Exit Strategy
Stop Loss: ATR-based to adapt to volatility
Take Profit: Dynamically adjusted based on risk-reward ratio
Trailing Stop: Locks in profits as price moves favorably
Strengths & Edge
🔥 Combines Trend & Volume-Based Analysis – AVWAP & FRVP provide a strong foundation for trade decisions.
🔥 Momentum Filtering – MACD, RSI, and EMA improve trade quality.
🔥 Adaptive Risk Management – ATR-based stop-loss adapts to volatility, improving risk-reward.
🔥 Avoids Low-Volume Trades – Reduces false signals and improves accuracy.
This strategy is optimized for crypto and stock markets and works best in trending conditions.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.