Nifty_Trade_King

Vwap and Mvwap

Day Trading - Made Easy

Vwap ( Volume weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( volume and Price).

and a 50 period vwap based MVWAP provides a baseline for the day trading strategy..


Green bars = price above both vwap and Mvwap.. (for long positions)
Red bars = price below both vwap and Mvwap .. (for short positons)
Gray bars = price in between both vwaps

* One has to apply this strategy along with momentum, major supports and resistances.
* add other confirmations for better trades.
Release Notes: updated with the few corrections in the calculations and fixed the bar color to appropriate
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This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Comments

Hi Nifty_Trade_King,

Thank you for this great indicator.

Would you like to share this script?
+10 Reply
Hi sir Nifty_trade_king,

Thank you for the indicator,

I but nothing draws in the chart, can you help me please but we can draw on stocks kindly give a fresh version pl ...
Reply
Hi Nifty_trade_king,

Thank you for the indicator,

I added the indicator, but nothing draws in the chart, can you help me please
Reply
shakes70 piuspinto19
@piuspinto19, this is bcoz trading view doesnt get nifty and BNF volume hence indicators dont work , but for stocks they work
Reply
piuspinto19 shakes70
@shakes70, thank you Sir
Reply
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