OPEN-SOURCE SCRIPT
VWMA20
This is a normal volume weighted MA with a length of 20 that i have indicated with green color. there's another VWMA that has a length of 50 named VWMA50 that i have indicated with red color. you can use these two together to understand the flow of the market. whenever the green line breaks and crosses the red line upwards and their both under the price candles it is a possible buying signal and if the green line crosses the red line downwards and both lines are over the price candles it can be a possible sell signal. in an increasing Trend market green line being higher than the red line shows the continuation of the trend and in a decreasing Trend market red line being higher than the green line means the trend is going to continue downwards. i hope everyone Enjoys this set up.
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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