VWATR Multi-Timeframe Ribbon

This script combines and averages Volume-Weighted Moving Averages in a specific way to make a unique ATR band that expands and retracts based on the volume in the current market.
This indicator allows for viewing up to 4 VWATR Bands on all the major trading timeframes.

This creates support and resistance levels that are fluid enough for traders to use these 4 methods:

- Identify a range to trade between in sideways markets.
- Identify when we are beginning a move(breaking out of the bands and using them as support to trade from).
- During a trend, traders can use higher timeframe VWATR Bands to identify take profits or potential rejection points.
- Identify when a trend may be over(losing the band as support after a breakout).

NOTE: This script will work fine on identifying crypto assets and stocks, but markets with different volume parameters will negatively affect the accuracy of this script.

Release Notes

Made some additions:
- Optional labels that show you which timeframe each VWATR Band is from.
- Option to change the colors of the VWATR.
These tweaks help traders read the chart a bit easier.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Hamilton_Gilpin directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

IF you'd like access, please leave a comment and I'll add you. Thanks.

Warning: please read our guide for invite-only scripts before requesting access.

Hamilton_Gilpin

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.