Volume Weighted Bollinger Bands Strategy

Simple strategy,
Using Volume weighted Bollinger Bands

> Directions for Usage:

1. Use only in scripts where volume is specified by tradingview
2. Check on which timeframe the script has a profit factor greater than 1.4
3. Use that timeframe for profitability
4. In some high liquid securities there is a decent profit factor even at 5 min scale (optimise at your end!! all i want to say)


Hope this helps!!
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.

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In lines 30 and 31, the action conditions specify status of close well clear of upper and lower and not a crossover. Did you try this with cross over conditions? The basis line is SMA of 5 averages only one of which is the VWAP. The example is based on daily chart. What would be the parameters of the EMAs if it is intra-day time frame chart?
Ankit_1618 bandy99
@bandy99, we donot require crossover condition here, it will generate some false positive results, as "The `x`-series is defined as having crossed over `y`-series if the value of `x` is greater than the value of `y` and the value of `x` was less than the value of `y` on the bar immediately preceding the current bar."

same parameters for intraday, also works, but it is advisable to find the best adaptive weights for different securities using dominant cycle method,
that is a part of machine learning models, on top of it,

u can build a weightfinder to adapt on top of any security,
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