My auto dual avwap with Auto swing low/pivot low finderWelcome to My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder – an open-source TradingView indicator designed to enhance your technical analysis toolbox. This indicator is published under the Mozilla Public License 2.0 and is available for anyone to study, modify, and distribute.
Key Features
Auto Pivot/Swing Low Finder:
In addition to VWAP lines, the indicator incorporates an automatic detection mechanism for swing lows/pivot lows. This feature assists in identifying potential support areas and price reversals, further enhancing your trading strategy.
Dual VWAP Calculation with high/low range:
The indicator calculates two separate volume-weighted average price (VWAP) lines based on different price inputs (low and high prices) and defined time sessions. This allows traders to gain a more nuanced view of market activity during specific trading periods.
Customizable Time Sessions:
You can specify distinct start and end times for each VWAP calculation session. This flexibility helps you align the indicator with your preferred trading hours or market sessions, making it adaptable to various time zones and trading styles.
Easy to Customize:
With clear code structure and detailed comments, the script is designed to be accessible even for traders who want to customize or extend its functionality. Whether you're a seasoned coder or just starting out, the code is written with transparency in mind.
How It Works
Session Initialization:
The script sets up two distinct time sessions using user-defined start and end times. For each session, it detects the beginning of the trading period to reset cumulative values.
Cumulative Calculations:
During each session, the indicator accumulates the product of price and volume as well as the total volume. The VWAP is then computed as the ratio of these cumulative values.
Dual Data Sources:
Two separate data inputs (using low and high prices) are used to calculate two VWAP lines. This dual approach provides a broader perspective on market trends and can help in identifying dynamic support and resistance levels.
Visualization:
The calculated VWAP lines are plotted directly on your chart with distinct colors and thickness settings for easy visualization. This makes it simple to interpret the data at a glance.
Why Use This Indicator?
Whether you are a day trader, swing trader, or simply looking to refine your market analysis, My Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder offers a robust set of features that can help you identify key price levels and improve your decision-making process. Its open-source nature invites collaboration and customization, ensuring that you can tailor it to fit your unique trading style.
Feel free to explore, modify, and share this indicator. Happy trading!
Search in scripts for "vwap"
VWAP SlopeThis script calculates and displays the slope of the Volume Weighted Average Price (VWAP) . It compares the current VWAP with its value from a user-defined lookback period to determine the slope. The slope is color-coded: green for an upward trend (positive slope) and red for a downward trend (negative slope) .
Key Points:
VWAP Calculation: The script calculates the VWAP based on a user-defined timeframe (default: daily), which represents the average price weighted by volume.
Slope Determination: The slope is calculated by comparing the current VWAP to its value from a previous period, providing insight into market trends.
Color-Coding: The slope line is color-coded to visually indicate the market direction: green for uptrend and red for downtrend.
This script helps traders identify the direction of the market based on VWAP , offering a clear view of trends and potential turning points.
VWAP Stdev Bands Strategy (Long Only)The VWAP Stdev Bands Strategy (Long Only) is designed to identify potential long entry points in trending markets by utilizing the Volume Weighted Average Price (VWAP) and standard deviation bands. This strategy focuses on capturing upward price movements, leveraging statistical measures to determine optimal buy conditions.
Key Features:
VWAP Calculation: The strategy calculates the VWAP, which represents the average price a security has traded at throughout the day, weighted by volume. This is an essential indicator for determining the overall market trend.
Standard Deviation Bands: Two bands are created above and below the VWAP, calculated using specified standard deviations. These bands act as dynamic support and resistance levels, providing insight into price volatility and potential reversal points.
Trading Logic:
Long Entry Condition: A long position is triggered when the price crosses below the lower standard deviation band and then closes above it, signaling a potential price reversal to the upside.
Profit Target: The strategy allows users to set a predefined profit target, closing the long position once the specified target is reached.
Time Gap Between Orders: A customizable time gap can be specified to prevent multiple orders from being placed in quick succession, allowing for a more controlled trading approach.
Visualization: The VWAP and standard deviation bands are plotted on the chart with distinct colors, enabling traders to visually assess market conditions. The strategy also provides optional plotting of the previous day's VWAP for added context.
Use Cases:
Ideal for traders looking to engage in long-only positions within trending markets.
Suitable for intraday trading strategies or longer-term approaches based on market volatility.
Customization Options:
Users can adjust the standard deviation values, profit target, and time gap to tailor the strategy to their specific trading style and market conditions.
Note: As with any trading strategy, it is important to conduct thorough backtesting and analysis before live trading. Market conditions can change, and past performance does not guarantee future results.
Derivative Oscillator Cu [ID: AC-P]The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is below vwap, green triangles = price input is above vwap)
Bullish and Bearish phases from shayankm's Waddah Attar Explosion V2 () is included as indication dots (bullish = blue dots, bearish = yellow dots) below/above the Derivative Oscillator histogram
Coral Trend from Lazybear () is included as indication dots (red/green dots below/above the Derivative Oscillator histogram
Input source options for vwap, Waddah components (MACD, Bollinger Upper/Lower)
Centerline option for Coral trend, and Horizontal center option for the Derivative Oscillator with circle indication (optional - provided as option for flexibility in use with overlaying with other indicators)
This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one. Specifically, a few of the other indicators I use are lacking in the momentum and trend department, and this is one of the indicators I use to address that:
VWAP provides trend information on lower timeframes from a high timeframe interval (D)
Coral Trend provides additional confirmation to VWAP trend wise, and is adjustable
Waddah Attar Explosion provides a third level of confirmation for trending moves, taking into account shorter and longer timeframes (FastEMA and SlowEMA parameters).
Script base for the Derivative Oscillator is credited to Everget () and LazyBear ().
Source attribution to Constance Brown for the Derivative Oscillator formula/indicator:
// Brown, Constance.
// Reference 1: “The Derivative Oscillator: a New Approach to an Old Problem,” Journal of Technical Analysis (Winter-Spring 1994) 45–61.
// Reference 2: Technical Analysis for the Trading Professional. New York, NY: McGraw-Hill, 1999.
Information on the Derivative Oscillator:
www.investopedia.com
VWAP + KCVolume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend.
The Keltner Channels (KC) indicator is a banded indicator similar to Bollinger Bands and Moving Average Envelopes. They consist of an Upper Envelope above a Middle Line as well as a Lower Envelope below the Middle Line. The Middle Line is a moving average of price over a user-defined time period. Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes are set a (user-defined multiple) of a range away from the Middle Line. This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range.
VWAP Suite by Augur - Multi PeriodOverview
The Multi-Timeframe VWAP Suite revolutionizes price analysis by combining institutional-grade volume-weighted pricing with multi-period deviation analytics. This professional toolkit simultaneously tracks VWAP across 5 time horizons (Daily to Yearly) with smart deviation bands, offering traders unparalleled insight into market structure and volatility dynamics.
Key Features
Multi-Timeframe VWAP Matrix
Simultaneous Daily/Weekly/Monthly/Quarterly/Yearly VWAP tracking
Institutional-level volume-weighted calculations
Independent timeframe toggles for focused analysis
Smart Deviation Architecture
Dual-layer standard deviation bands (1σ & 2σ)
Separate colors for upper/lower deviation zones
Adaptive 95% transparency fills for layered visualization
Professional Visual Design
Strategic color coding per timeframe (FIXED palette)
Dark Blue/Yellow/Purple/Pink/Red VWAP hierarchy
Orange-Green-Red-Blue deviation band system
Advanced Calculation Engine
HLC3 price source integration
Cumulative volume-weighting algorithm
Real-time standard deviation updates
VWAP SlopePublishing one of the simplest yet one of my favorite concepts. Had to publish since I didn't really find any script for this on TV.
VWAP slope.
This is nothing fancy because it's just calculating "slope" with a very basic level formula
vwap_slope = (vwap - vwap ) / length
Above zero line, it's positive zone.
Below zero line, it's a negative zone.
The idea is to avoid choppy conditions and stay true to larger readings, sometimes when we have vwap directly on chart and when price interacts with it, we tend to take the lot of bad trades.
The intention here is to avoid just that.
This is also good at tracking failure of change in sentiments, this failure is very important, because one's failure occurs there is significant movement in the opposite direction of the failure.
Since there isn't much alteration to this idea, there is not much to talk about tbh.
Just remember, this is an educational idea and not assurance of future performance.
Regards.
VWAP Stdev BandsCurrent price always obeys VWAP and is very useful for intraday traders. The Price will never go beyond the second deviation of VWAP at any point of time. The deviation bands are also very useful in predicting the volatility of the script.
Breakout trades can be taken based on the previous day's VWAP and it's deviations.
One can say that the stock has experienced breakout if current price crosses the fourth deviation of the previous day's VWAP or price bounces off that level, the price movement will be rapid if this occurs providing a good trading opportunity with low risk-reward ratio.
VWAP ROC Weighted AverageThe VWAP ROC Weighted Average indicator combines the concepts of Volume Weighted Average Price (VWAP) and Rate of Change (ROC) to create a unique and versatile tool for traders. The indicator calculates the average VWAP and average ROC over a specified period (default: 200 bars) and then creates a weighted average of these two values. This provides a single line that can help traders identify potential entry and exit points in a market.
How it can be used in trading:
Trend Confirmation: The VWAP_ROC_WA can be used to confirm the prevailing trend of an asset. If the weighted average line is moving upward, it indicates a bullish trend, while a downward-moving line suggests a bearish trend. Traders can use this information to enter trades in the direction of the trend to improve their odds of success.
Support and Resistance: The VWAP_ROC_WA line can act as dynamic support and resistance levels. When the price is above the weighted average line, it can act as a support level, and when the price is below the line, it can serve as a resistance level. Traders can use these levels to set stop-loss and take-profit orders or to identify potential entry and exit points.
Divergences: Traders can look for divergences between the price and the VWAP_ROC_WA line to identify potential reversals. For instance, if the price is making higher highs while the weighted average line is making lower highs, it may signal a bearish divergence, indicating a potential reversal to the downside. Conversely, if the price is making lower lows while the weighted average line is making higher lows, it may signal a bullish divergence, indicating a potential reversal to the upside.
Crossovers: Traders can monitor crossovers between the price and the VWAP_ROC_WA line. A bullish crossover occurs when the price crosses above the weighted average line, suggesting a potential long entry point. A bearish crossover occurs when the price crosses below the line, suggesting a potential short entry point.
Koalafied RVWAPThis indicator shows both the Rolling VWAP and Standard Deviations as set by the user. The Rolling VWAP calculation is similar to the standard VWAP although it calculates the volume weighted average price over the specified period of time (lookback), resetting for each subsequent bar.
The unique aspect of this indicator is that instead of calculating the RVWAP over the current timeframes lookback period, the option is available to select a High-Time-Frame setting instead.
This has two different methods of calculation
1 - Based on HTF security requests (both repainting and non-repainting)
2 - Automatic calculation of number of current timeframe bars that make up the HTF lookback period (smoother and non-repainting plot)
Additionally a smooth function is included for the HTF input setting.
VWAP-RSI Using the script that i put here before
we can play with the Z function and make this nice indicator
which is hybrid of VWAP and RSI
it look cool
red is bearish
green is bullish
low points are bellow 20
high points above 80
you can change the length of different vwap or RSI for your purpose
the color changes are based on vwap
VWAP BANDSThis nice script combine VWAP band and trend/forecast system based on it
/ode for band take from linear regression script from pine script manual and adopted to VWAP
Trend lines based on VWAP and forecast using Alex grover method with his approval for script
Together it a great too for detection of trend and high and low
for forecast use the trend option
I set length to 100. in daily chart I use 20 . in lower TF I prefer longer 50 or above as it better fit this system
VWAP Stdev Bands v2 Mod UPDATE
Vwap + standard deviation bands. Good for reversal trading among other things. Used intraday.
Very useful when price is ranging.
I added:
- Option to fill the spaces between the deviation lines with color.
- Option to add some extra bands. Color/length/style etc is customizable.
Made a quick update to prev version:
- Added bar/candle coloring
- You can change the colors to whatever you want.
- Or turn them off completely.
Ex:
If the candle is above vwap and below standard deviation 1 its white
If the candle is below vwap and above standard deviation 1 its black
If the candle is below std 2and above std3 its green
And so on...
original script by /u/SandroTurriate/ - I just made the changes above.
Multi Range Pivots
Multi Range Pivots works by recognizing the high and low of the timeframe selected and plotting range high to MEAN averages and range low to MEAN averages.
This is essentially the VWAP pivots updated to include not only VWAP as a MEAN, but also SMA, EMA, VWMA, DEMA, TEMA, TRIMA, KAMA, MAMA, T3, H/L basis and Donchian basis.
Also, with high and low no longer repainting, I was able to add true reliable signals.
Enjoy
VWAP Bands Team AustraliaThis indicator add 6 configurable vwap bands for each side of the vwap price.
VWAP ATRATR Trailing stoploss with VWAP for confirmation and entry/exit points
VWAP resets on ATR cross
Volume Weighted Average Price - CoinruleVWAP with additional Anchor Periods as supported on Coinrule.
Anchored VWAP ClickIt calculates AVWAP set from a mouse click on a chart instead of having to edit a popup box, manually transferring date and time from the chart.
It's the Oct 2021 sample script from Tradingview to demonstrate their new chart interactive capabilities of Pine script.
www.tradingview.com
I take no credit for this, just noticed it wasn't in the Public Library.
This ability to accept OnMouse positional data from the chart, into an indicator has been needed in TV for a long time.
Glad to see they continue to grow the capabilities.
Auto Anchored Volume Weighted Average Price - Custom AVWAP
Based on Brian Shannon's AVWAP - This indicator anchors vwap to the highest high, lowest low and highest volume bar of a user defined lookback period.
In the chart example above on AVAX, the lookback period is set to 90 days
- The blue line depicts AVWAP from the highest bar in in the last 90 dats
- The purple Line is AVWAP from the lowest bar in the last 90 days
- The golden line is AVWAP from the highest volume bar in the last 90 Days
These levels act as a price magnet and strong levels of support and resistance. I use them to identify chart locations for where I want to do business and look for trade setups.
Unlike moving averages, AVWAP will maintain it's chart position no matter the chart resolution. One way to take advantage of this is to wait for price to get to one of these levels, go to lower timeframes and find low risk setups based on your trading strategy.
You can customise the look and feel and which anchors you want displayed. You can use multiple instances with varying lookback periods to display shorter and longer term levels simultaneously
VWAP Stoch Long Trailing Stop without wednesday and thursdaySimple trading strategy based on VWAP and Stochastic indicators and a 3% trailing stop.
After backtesting, wednesdays and thursdays seemed to be bad entry days so they are blacklisted.
VWAP St. Dev BandsThis indicator allows you to add up to 3 volatility bands to VWAP based on its Standard Deviation.
Best use is for intraday but you can choose higher timeframes too.
For day trading a band of 3 standard deviations usually works well as an overbought/oversold region, allowing for mean reversion trading, but you are free to come up with your own strategies.
Enjoy!
