pradhan19

VWAP Strategy by RP

pradhan19 Updated   
This scrip will help to trade with VWAP strategy.

This is build with following components:
VWAP (Volume Weighted Average Price)
MVWAP (Moving Average of VWAP of 50 period by Default)
Previous Day VWAP.
Pivot Points.
Previous Day High.
Previous Day Low.
Previous Day Close.

For multi time frame analysis this indicator will indicate 15 minutes MVWAP (50 period) in any timeframe chosen by the user.

This will also indicate crossover and crossunder of VWAP over MVWAP, which will help in deciding BUY/SELL.

Hope this helps trader community.

Thanks. Please post your feedback.

Release Notes:
As received lot of request to add Previous Day Last Candle Close, have added this indicator named PDLTP (Previous Day Last Traded Price).
So one can use Previous Day Close (PDClose) or can use PDLTP whichever suits to the trading strategy of Individual.

To get correct line of the PDLTP need these settings in the Trading View Chart setting.
> Go to Setting > Symbol
> untick Extended Hours (Intraday Only)

Hope this helps.

Thank You.

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.

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.

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