5-Min Scalping Indicator (EMA + VWAP)5-Min Scalping Indicator (EMA + VWAP)
Strategy Logic (for 5-min timeframe):
Long Entry: Price above VWAP, EMA Fast crosses above EMA Slow.
Short Entry: Price below VWAP, EMA Fast crosses below EMA Slow.
Exit: On opposite EMA cross or trailing stop (optional for strategy).
How to Use:
Apply this on a 5-minute chart.
Look for buy signals when:
Fast EMA crosses above Slow EMA.
Price is above VWAP.
Look for sell signals when:
Fast EMA crosses below Slow EMA.
Price is below VWAP.
Combine with price action or volume confirmation for best results.
