Rolling VWAP Oscillator — Indicator by Daniel_Ge

centeredoscillator movingaverage oscillator

TL;DR - TradingView's Rolling VWAP as centered oscillator

I really like TradingView's rolling VWAP (Rolling Volume-Weighted Average Price - RVWAP) indicator. But I also like clean charts that's why I'm mainly using indicators which are not displayed on the chart. Instead of simply moving the RVWAP to another pane I turned it into a centered oscillator. This allows me checking the RVWAP while having my chart clean.

You can find the oroginal RVWAP here.

Creds to TradingView for creating this indicator 👍

* I also added a fourth deviation band, gradient colors and the option to switch between candles and lines.

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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