Ichimoku Cloud + ADX + VWAP / Owl of Profit

Ichimoku + ADX + VWAP Strategy

This strategy combines the Ichimoku Cloud, Average Directional Index (ADX), and Volume Weighted Average Price (VWAP) indicators to identify trend direction, momentum strength, and price positioning for optimal trade entries and exits.

Features:
Ichimoku Cloud:

Conversion Line (Tenkan-Sen): 9-period midpoint of the highest high and lowest low.
Base Line (Kijun-Sen): 26-period midpoint of the highest high and lowest low.
Leading Span A: Average of the Conversion and Base Lines, displaced 26 periods forward.
Leading Span B: 52-period midpoint of the highest high and lowest low, displaced 26 periods forward.
Cloud Fill (Kumo): Visualizes bullish (green) or bearish (red) trends.
ADX (Average Directional Index):

14-period ADX indicates the strength of a trend.
Signals are valid when ADX is above the 25 threshold.
VWAP (Volume Weighted Average Price):

Used as a dynamic support/resistance level to confirm price positioning.
Entry and Exit Logic:
Buy Condition:

Price is above both Leading Span A and B.
ADX is greater than 25, indicating a strong trend.
Price is above the VWAP.
Sell Condition:

Price is below both Leading Span A and B.
ADX is greater than 25.
Price is below the VWAP.
Trade Execution:

Executes a long position on a valid buy signal.
Closes the position when the sell condition is met.
Visualization:
Ichimoku Cloud is plotted with a dynamic fill to display bullish and bearish trends.
ADX is plotted with a horizontal threshold line at 25.
VWAP is displayed as a thick blue line for price confirmation.
Buy and Sell signals are marked on the chart with green and red labels, respectively.
This strategy integrates trend, momentum, and price positioning for high-confidence trades. Use it for backtesting and customization to suit your trading style.

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Happy trading!