Alg0 Hal0 Crypto RVWAP

🛠 Indicator Overview
The Crypto RVWAP Momentum Dashboard is built to help intraday traders identify the "Fair Value" of an asset while simultaneously quantifying the strength of the current trend using a normalized slope percentage.

1. The Rolling VWAP Line

• The core line represents the volume-weighted average price over a user-defined number of bars (default: 20).
  
• Bullish (Lime): The line is sloping upward ($RVWAP > RVWAP_{prev}$), indicating increasing value.
  
• Bearish (Red): The line is sloping downward ($RVWAP < RVWAP_{prev}$), indicating decreasing value.
  

2. The Momentum Dashboard (Top-Right)

• The dashboard provides a real-time look at the Slope %, which is the percentage change of the RVWAP over a 5-bar window.
  
• Current Slope: The momentum of the active candle.
  
• Prev 1, 2, 3: Historic momentum values from the previous three bars.
  
• Why it matters: It allows you to see if a trend is accelerating (values getting larger) or exhaust
  

ing (values shrinking) before the price action actually changes direction.

3. Confirmed Cross Labels

• The script automatically plots UP and DOWN labels when a candle closes on the opposite side of the RVWAP.
  
• To keep the chart clean, only the two most recent crossing events are displayed.
  
• These signals are confirmed on the bar close to prevent "repainting" or false signals during mid-candle volatility.
  

📈 How to Trade with this SystemStrategy

A: Trend Following (Momentum)Entry:

• Wait for a "CROSS UP" label.
  
• Confirmation: Look at the Dashboard. If Current Slope is higher than Prev 1, momentum is building.
  
• Exit: Exit when the RVWAP line turns Red or when the Slope % in the dashboard drops sig
  

nificantly (e.g., from 0.08% to 0.01%).

Strategy B: Mean Reversion (The "Rubber Band" Trade)

• In crypto, price rarely stays far from the RVWAP for long.
  
• If the price is significantly above RVWAP and the Slope % begins to decrease (e.g., 0.15% → 0.10% → 0.05%), the price is likely to "snap back" to the line.
  
• Traders use the line as a target for take-profits or as a "Buy the Dip" zone in a strong uptrend.
  

⚙️ Technical Settings

• RVWAP Lookback: Adjust this based on your timeframe. On a 5m chart, 20 covers ~1.5 hours. For a "daily" feel, use 288.
  
• Slope Lookback: The window used to calculate the % change. 5 is ideal for catching short-term pivots.
  
• Dashboard Scaling: The UI is pre-scaled with Large Headers and Normal Body Text for high readabilit
  

y on 4K or mobile screens.

⚠️ Important

• Confirmed Closes: This indicator is logic-locked to the Bar Close. Do not enter a trade until the 5-minute candle has physically finished and the label appears.
  
• Alerts: Users should set TradingView alerts to "Once Per Bar Close" to match the script's internal logic.
  
• Market Context: In a completely flat market (Slope near 0.000%), avoid trading the crosses, as these are "No-Trade" zones prone to sideways cho
  

p.

Enjoy!
Alg0 ۞ Hal0