Based on comment of @coondawg71 I tried to compare VWAP and EVWMA.
Both are sort of moving averages so I decided to create a MACD based on these 2 indicators.
In parameters you can set EVWMA Length and 2 smoothing lengths for "macd" and "signal".
Strategy seems to work pretty good at 2h-8h timeframes for crypto.
What do you thing about it?
Pretty good performance of simple BB on XRPBTC 1minute chart.
No SL or PT used.
If you want to hear more from me you can join my Telegram channel: t.me
If you want to learn how to code in pine script join my Youtube channel: www.youtube.com
And remember:
Past performance does not guarantee future results.
// Created by titanlyy
// This script was inspired by @autemox who created the BTC version of this.
// Hope this helps. Peace out.
// 7th September 2018
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![XRPBTC: EVWMA VWAP MACD Strategy [QuantNomad]](https://s3.tradingview.com/z/ZguF6GBo_mid.png "EVWMA VWAP MACD Strategy [QuantNomad]")
