OPEN-SOURCE SCRIPT
Volume Weighted Price Over A Moving 60 Bar Window
// By S.Black
// 4/24/2019
// Pine on TradingView.com
//
// This plot takes a simple 60 bar window
// For each bar in the window 3 things are plotted:
// 1.) The volume-weighted average, each bar's volumne * price summed, then divided by total volume
// 2.) The simple 60 bar average (not weighted)
// 3.) The close price (for reference)
//
// Green is used when the weighted price is above the average
// This is meant to indicate that actually, by volume the stock may be worth more that it is currently trading at.
// I made a new script was because I didn't see one that had a rolling hour window.
// 4/24/2019
// Pine on TradingView.com
//
// This plot takes a simple 60 bar window
// For each bar in the window 3 things are plotted:
// 1.) The volume-weighted average, each bar's volumne * price summed, then divided by total volume
// 2.) The simple 60 bar average (not weighted)
// 3.) The close price (for reference)
//
// Green is used when the weighted price is above the average
// This is meant to indicate that actually, by volume the stock may be worth more that it is currently trading at.
// I made a new script was because I didn't see one that had a rolling hour window.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.