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J-Streak
Dec 17, 2020 12:57 PM

(JS) VWAP Bands 

E-mini S&P 500 FuturesCME

Description

This is a pretty simple script here - I took the VWAP and combined it with Bollinger Bands.

The bands can vary a lot based on chart resolution, so I wanted to make sure the resolution could be modified so you can use the resolution you're most comfortable with, or find the most success with.

Length:
Length of bars used to calculate the bands.

Standard Deviation Band 1-3:
There's three bands all together, this option allows you to modify the number of standard deviations per band.

VWAP Period:
This modifies when you want the VWAP to begin (Session, Week, Month, Year).

Offset:
This moves the VWAP and the bands the amount of bars you select, default is of course set to zero.

Source:
This selects the source of calculation, HLC/3 is the default VWAP calculation.

This is a pretty self explanatory script, I thought being able to see the standard deviations of the VWAP could prove to be useful - hope you all like it!

Release Notes

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