wnG - VWAP MOD

EUR/USDOANDA

Description

⋅ May 7, 2022 12:14 AM

Modified version of VWAP :

Classic VWAP with 6 levels based on the Average True Range to identify the distance and distribution of the prices around the VWAP.

There are 2 calcul methodologies for the bands
- Last 24 Hours Average True Range
- Progressive Average True Range starting from 00:00

As prices tend to move around the VWAP level, favor LONG positions in the GREEN ZONE (and SHORT in the RED ZONE).

How to use it :
Avoid taking long position when price is in the RED ZONE
Avoid taking short position when price is in the GREEN ZONE

==> Adjust the settings depending on your timeframe and asset

Release Notes

⋅ Jun 7, 2022 9:22 PM

Update : minor fix

Comments

kolopolo253

⋅ Jun 23, 2022 8:05 AM

its repaint ..please Please correct

wingoutoulouse

⋅ Jun 23, 2022 9:06 AM

hi @kolopolo253, I'm surprised because it shouldn't be repainting.
What were your settings ?
I'm working on another project right now, but I will try to take a look at it when I can;)