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Intrabar VWAP

zzaallaann  
Volume Candlestick analysis multitimeframe
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volumestudies candlestickanalysis multitimeframe
If your chart timeframe is 1 hour, then each candle show you the OHLC over an hour.
The OHLC price information is rather course grained and does not include the volume.

What if you could split each 1h candle into smaller candles and calculate the Volume Weighted Average Price (VWAP) on those ?
That is exactly what this indicator does. It virtually splits your chart's candles into 1 minute candles and calculates the VWAP on those to give you a better aggregated price per candle, which includes the volume information too.

Known Limitation:
  • The intra-bar timeframe is 1 minute for simplicity and highest accuracy. I can make this configurable you have a good case.
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

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