RSI VWAP EMA ON CHART

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1. Understand the components
VWAP (Volume Weighted Average Price)
Green: price is above VWAP → bullish trend
Red: price is below VWAP → bearish trend
Blue: price exactly at VWAP → neutral
Acts as a dynamic trend line and support/resistance.
4 Moving Averages (MA1–MA4)
Customizable lengths and type (SMA or EMA).
Useful for trend confirmation and dynamic support/resistance.
Typically:
MA1 = fastest (short-term)
MA4 = slowest (long-term)
When price is above multiple MAs → strong bullish trend; below → bearish trend.
RSI Overlay with VWAP Alignment
RSI line normalized to price scale.
Background shading indicates momentum aligned with VWAP trend:
Green shading: RSI > 50 and price above VWAP → bullish momentum
Red shading: RSI < 50 and price below VWAP → bearish momentum
Gray areas: neutral or momentum does not align with VWAP.

2. Basic usage workflow
Trend Confirmation
Look at VWAP color: price above → bullish, below → bearish.
Check RSI + VWAP shading: green confirms bullish momentum, red confirms bearish momentum.
Check MA alignment: shorter MAs above longer MAs = stronger bullish trend; vice versa for bearish.
Entry Signals (Scalping)
Long (Buy) Setup
Price above VWAP (green)
RSI green shading (RSI > 50)
Shorter MAs above longer MAs (trend support)
Short (Sell) Setup
Price below VWAP (red)
RSI red shading (RSI < 50)
Shorter MAs below longer MAs
Exits / Stops
Exit if price closes against VWAP trend (e.g., price drops below VWAP during a bullish trade).
Use nearest MA support/resistance as stop-loss or take-profit zones.

3. Optional adjustments for scalping
RSI length / thresholds
Shorter RSI (7–10) → faster response for scalping.
Standard RSI (14) → smoother, fewer false signals.
MA lengths
Short-term: 20–50
Medium-term: 50–100
Long-term: 100–200
Can tweak for the timeframe you trade (1m, 5m, 15m).
Timeframe
VWAP works best on intraday charts (1m, 5m, 15m).
Use higher timeframe (e.g., 15m or 1h) for trend direction and lower timeframe (1m–5m) for entries.

4. Example Scalping Setup
Bullish setup (buy):
Price above VWAP → VWAP green
RSI > 50 and green shading
Shorter MAs above longer MAs
Enter on small pullback or breakout
Stop: below nearest MA or VWAP
Bearish setup (sell):
Price below VWAP → VWAP red
RSI < 50 and red shading
Shorter MAs below longer MAs
Enter on minor bounce or breakdown
Stop: above nearest MA or VWAP

5. Visual cues summary
Element Interpretation
VWAP Green Price above VWAP → bullish trend
VWAP Red Price below VWAP → bearish trend
RSI Green Shading Bullish momentum aligns with VWAP
RSI Red Shading Bearish momentum aligns with VWAP
MA Alignment Trend strength (short above long = bullish, short below long = bearish)

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ADDED 70, 50, 30 bands

✅RSI Overlaid on Price (Normalized)
This indicator transforms RSI from its normal scale (0–100) into the price scale so it sits directly on top of candles.
This version is excellent for:
✔ Spotting momentum shifts directly relative to price
✔ Seeing when RSI pushes above/below VWAP & MAs
✔ Confirming trend strength visually on the chart
✔ Finding RSI divergences without switching panes

This is a legitimate tool.
Professional traders sometimes use “price-overlay oscillators” for quick trend confirmation.
But…

❌ Is this the “true” RSI?
No.
The “true” RSI:
Always stays between 0–100
Always uses a fixed scale
Is designed to be read as:
70+ = overbought
30− = oversold
50 = trend bias
Should be placed in its own panel
Your overlay version:
Stretches RSI to fit between the recent high/low price
Changes shape depending on price range
70/50/30 bands move up and down with price
Does not show true RSI values on screen
70 doesn’t visually look like 70 — it looks like a price level
So it’s not the true RSI experience.
But that doesn’t mean it’s bad.

🔥 So Is It a Good Indicator?
✔ YES — for visual trend confirmation
Overlay RSI helps you instantly see:
price vs momentum alignment
VWAP + RSI confluence
overextended candles
divergences directly on price
This makes for excellent scalping and intraday context, especially on 1–5 min charts.

❌ NO — if you want correct RSI signals
If you want:
true overbought / oversold
pure RSI divergences
standard RSI behavior
Then the traditional RSI window is better.

🎯 Should You Keep It?
YES, if your goal is to combine RSI with price-action, VWAP, and moving averages visually.
But understand that this is a modified RSI, not the classic one.
Many traders love this kind of hybrid indicator — but it should be used as a trend confirmation tool, not a strict RSI signal generator.

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Cleaned up a code setting

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Added name