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patternrcg

VWMA VWAP Ribbons

patternrcg  
Volume Moving Averages
142
1
volumestudies movingaverage
Primarily this script visually represents the differential between the volume weighted moving averages and the SMA. This is shown in the VWMA-SMA ribbons: green 20, yellow 50, red 200.

The VWAP ribbon is purple and is calculated separately from VWMA ribbons mentioned above.

300,400,500 SMA are shown in grey.
Brighter means more recent.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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