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
Protected script
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.
Want to use this script on a chart?


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 ...
Hi Nifty_trade_king,

Thank you for the indicator,

I added the indicator, but nothing draws in the chart, can you help me please
shakes70 piuspinto19
@piuspinto19, this is bcoz trading view doesnt get nifty and BNF volume hence indicators dont work , but for stocks they work
piuspinto19 shakes70
@shakes70, thank you Sir
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out