StuBuzzzini

SB Dynamic VWAP

StuBuzzzini Updated   
Created this script that creates a dynamic VWAP based on Outstanding Shares Turnover.

The outstanding shares turnover is determined by volume. If the volume exceeds outstanding shares over X amount of days, X amount is used as the VWAP period.
Also included visually is the Bollinger Bands for price and volatility reference.

Release Notes:
Updated study title
Release Notes:
Added tables as a visual aid for pricing and dynamic period for the trader to take into account when making a trading decision.
Release Notes:
Converted main calculation into a function.

Discovered that the financial() function may not have accurate information, especially for stocks that have gone through reverse merger (aka spacs). Added two optional input variables to override shares outstanding. Setting either one will override the values from financial(). Please verify your date from all sources before relying on this indicator.
Release Notes:
Added option to put in percent of float shares short. This will reduce the turnover time which is used to calculate vwap period. Completely optional, but may be of interest for anyone that cares to evaluate turnover rate when taking into account shares that are held short.
Release Notes:
Added option to enable SMA
Release Notes:
Updated background colors
Release Notes:
Gave the user the option to plot the vwap as a static line on last value or a plot to show historic values.
Release Notes:
Carried over new features from my private version of this script.

Mode - added mode to select calculation based on float instead of shares outstanding.
Added option to draw 52 week high/low.
Added overbought/oversold indicators.
Release Notes:
Removed 52week high to fix formatting issues with public template.
Release Notes:
Changed default from line to plot
Release Notes:
Moved table position

Disclaimer: I am not a financial advisor. Do not take anything on here, twitter or stocktwits as financial advice, ever. Do your own research. Consult a professional investment advisor before making any investment decisions!
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