OPEN-SOURCE SCRIPT
VWAP + FVG Detector
VWAP + FVG Detector
A VWAP + FVG Detector tool would likely combine these two concepts to help traders identify potential areas of opportunity. For example:
It could help identify when the price is moving away from the VWAP and into a fair value gap, signaling a potential reversal or continuation based on the imbalance.
It may also help to pinpoint areas where price might revert back to the VWAP after a significant move, taking into account the gaps between price and VWAP levels.
This combination could be useful in intraday trading, where traders look for price imbalances and aim to trade them with respect to the VWAP as a key reference level.
Are you looking for a script to implement this, or more information on how these strategies work together?
A VWAP + FVG Detector tool would likely combine these two concepts to help traders identify potential areas of opportunity. For example:
It could help identify when the price is moving away from the VWAP and into a fair value gap, signaling a potential reversal or continuation based on the imbalance.
It may also help to pinpoint areas where price might revert back to the VWAP after a significant move, taking into account the gaps between price and VWAP levels.
This combination could be useful in intraday trading, where traders look for price imbalances and aim to trade them with respect to the VWAP as a key reference level.
Are you looking for a script to implement this, or more information on how these strategies work together?
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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