VWAP Rejection/Bounce

Bullish: VWAP Rejection/Bounce - Price Bounces from VWAP Support\n\nSTRATEGY DESCRIPTION:\nDetects when price pulls back to VWAP (Volume Weighted Average Price) and bounces upward with volume confirmation. This shows VWAP acting as support and buyers defending the fair value level.\n\nCORE LOGIC (Step by Step):\n\nSTEP 1: Calculate VWAP\nVWAP = Cumulative (Price × Volume) / Cumulative Volume\n\nSTEP 2: Check Proximity to VWAP\ndistance_to_vwap = |current_price - current_vwap| / current_vwap\n\nIF distance_to_vwap < 0.003 (within 0.3% of VWAP):\n → Price is near VWAP support\n\nSTEP 3: Confirm Prior Bullish Strength\nwas_above_vwap = Any of last 5 candles closed above VWAP\n(Ensures we're in an uptrend, not a downtrend)\n\nSTEP 4: Check Volume Confirmation\nvolume_increasing = current_volume > previous_volume × 1.2\n(20% higher volume shows participation)\n\nSTEP 5: Check Bounce Confirmation\nis_bouncing = current_close > previous_close\n\nSTEP 6: Detect Rejection Wick (Price Rejection Pattern)\nlower_wick = min(current_low, current_vwap) - current_low\ncandle_range = current_high - current_low\nhas_rejection_wick = lower_wick / candle_range > 0.4\n\nSTEP 7: Generate Signal\nIF (is_bouncing AND volume_increasing) OR has_rejection_wick:\n → VWAP REJECTION SIGNAL!\n\nWHY THIS MATTERS:\n- VWAP is a key support/resistance level for institutional traders\n- Bounce from VWAP shows buyers defending fair value\n- Volume confirmation indicates genuine interest\n- Rejection wicks show price was rejected from going lower\n\nEXAMPLE:\nCurrent Price: ₹100.20, Current VWAP: ₹100.00\nDistance: 0.2% (<0.3%) - Near VWAP\nPrevious 5 candles: All above VWAP\nCurrent Volume: 150,000, Previous Volume: 100,000 (↑50%)\nCurrent Close > Previous Close\n→ VWAP REJECTION SIGNAL!