INVITE-ONLY SCRIPT
Smoothed Accumulation & Distribution Percentage {DCAquant}
Smoothed Volume Accumulation & Distribution Percentage (VAPI) with Volume Weighted Average Price (VWAP) {DCAquant}
The Smoothed Volume Accumulation & Distribution Percentage (VAPI) indicator, developed by DCAquant, combines the Volume Accumulation Percentage (VAP) with the Volume Weighted Average Price (VWAP) to provide insights into market dynamics and potential trends.
Volume Accumulation Percentage (VAP): VAP measures the degree of accumulation or distribution of an asset based on volume. It compares the volume-weighted price movement of an asset with its price range over a specified period. VAPI indicates whether buying or selling pressure is prevailing in the market.
Volume Weighted Average Price (VWAP): VWAP is a trading benchmark that gives the average price a security has traded at throughout the day, based on both volume and price. It is often used by traders to assess the efficiency of their trades and to identify significant price levels.
Features:
Lookback Period: Users can customize the lookback period to adjust the sensitivity of the indicator.
Smooth Function: Users can choose to apply a simple moving average to smooth the VAPI curve, enhancing clarity in trend identification.
How to Use:
VAPI Histogram: The histogram represents the VAPI values, with positive values indicating accumulation and negative values indicating distribution.
VAPI Oscillator: The oscillator plots the VAPI curve, allowing traders to identify trend changes and potential reversal points.
VAPI Signal Arrows: Upward-pointing triangles indicate potential buying opportunities, while downward-pointing triangles suggest potential selling opportunities.
Disclaimer:
This indicator is provided for educational and informational purposes only. Trading involves substantial risk, and past performance is not indicative of future results. Users should exercise caution and perform their own analysis before making any trading decisions.
The Smoothed Volume Accumulation & Distribution Percentage (VAPI) indicator, developed by DCAquant, combines the Volume Accumulation Percentage (VAP) with the Volume Weighted Average Price (VWAP) to provide insights into market dynamics and potential trends.
Volume Accumulation Percentage (VAP): VAP measures the degree of accumulation or distribution of an asset based on volume. It compares the volume-weighted price movement of an asset with its price range over a specified period. VAPI indicates whether buying or selling pressure is prevailing in the market.
Volume Weighted Average Price (VWAP): VWAP is a trading benchmark that gives the average price a security has traded at throughout the day, based on both volume and price. It is often used by traders to assess the efficiency of their trades and to identify significant price levels.
Features:
Lookback Period: Users can customize the lookback period to adjust the sensitivity of the indicator.
Smooth Function: Users can choose to apply a simple moving average to smooth the VAPI curve, enhancing clarity in trend identification.
How to Use:
VAPI Histogram: The histogram represents the VAPI values, with positive values indicating accumulation and negative values indicating distribution.
VAPI Oscillator: The oscillator plots the VAPI curve, allowing traders to identify trend changes and potential reversal points.
VAPI Signal Arrows: Upward-pointing triangles indicate potential buying opportunities, while downward-pointing triangles suggest potential selling opportunities.
Disclaimer:
This indicator is provided for educational and informational purposes only. Trading involves substantial risk, and past performance is not indicative of future results. Users should exercise caution and perform their own analysis before making any trading decisions.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact DCAquant for more information, or follow the author's instructions below.
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Author's instructions
″Please visit dcaquant.com or contact us via info@dcaquant.com or directly on TradingView.
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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.