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Volume Weighted Average Price (VWAP)

VWAP Alerts V3VWAP Alerts signal over bought/over sold conditions, relative to volume weighted average price, while deviation bands plot an extremely accurate point of mean reversion. VWAP Alerts V3 includes multiple timeframe selection, along with multiplier input for deviation band setting Alerts can be set for each individual band, for extreme oversold/overbought conditions, use "Vwap Low Deviation 4" and "Vwap High Deviation 4". Alerts can also be set for VWAP bounces, by simply setting "VWAP Alert"
Pine Script™ indicator
by dysrupt
9
Chart Champions - Part 1 - nPOC - Levels - VWAPsThank you for sparing you time to read my indicator. This indicator has been created as a suite of 3. This was to ensure that those with only the Free Trading View account could benefit (with their restriction to 3 indicators). Please ensure you install each indicator and read each indicator write up to fully understand what has tried to achieved. Chart Champions – Part 1 –Lvls nPOC VWAPS This indicator is broken down into: • Levels • VWAPS • Naked Point of Control Levels It displays the levels to the right of the price Axis to enable the user to have a cleaner chart. The below levels will automatically appear: dOpen – pdHigh – pdLow – pdEQ – pwEQ Optional Levels include: mOpen – pmOpen – pdOpen – dbyOpen – wOpen – pwOpen VWAPs Optional VWAPs Daily (including pdVWAP close) – Weekly – Monthly Naked Points of Control (nPOC) To view the nPOC move the chart back in time to pick up the nPOCs. Chart Champions – Part 2 – CCV IBs POC This indicator is broken down into: • Chart Champions Value • Initial Balance • Points of Control Chart Champions Value (CCV) CCV is based on the 80% rule of the dOpen opening outside of the pdVAH/pdVAL. Please do you own research to fully understand how this trading strategy works (readily avaliable online). Initial Balance (IB) IB is based on the first 60 minutes of the market opening. It captures the highest and lowest points within that 60 minutes. Please do you own research to fully understand how this trading strategy works (readily avaliable online). Points of Control (POCs) POC are the price levels where the most volume was traded. Developing POC (dPOC) will constantly move with volume/price action through out the day. Optional POCs Previous Day POC (pdPOC) – Day Before Yesterday POC (dbyPOC) Chart Champions – Part 3 – Sessions - Manual Input This indicator is broken down into: • Manual Inputs (daily, weekly, monthly) • IGOR SessionsTtimes • Pre + Market Openings Manual Input Daily x3 Weekly x 3 Monthly x 3 This allows the trader to put in specific levels. IGOR Session Times This is a user specific requirement to highlight cetain times during the day, displayed at the bottom of the chart in the colour strip. Pre + Market Openings This allows the user to see when pre market trading has started and with the live maket has started, displayed at the top of the chart in colours. A huge thank you goes out to: Stackoverflow users AnyDozer and Bjorn. TV user ahancock for allow me use of this code. Disclaimer the lower the timeframe the more information it processes.
Pine Script™ indicator
by Frien_dd-DisDev
60
Gunzo Market SRGunzo Market SR is a set of 3 tools combined for trend analysis on day trading strategy. VWAP (Volume Weighted Average Price) : The VWAP indicator is generally used for trend analysis. For example if the VWAP line is under the closing price for a long period of time, the trend is strong. In this script, the VWAP has been optimized for day trading as the indicator is calculated inside the daily range, and resets when a new day starts. This way the indicator reflects the daily trend and not the overall trend. You can also use the position of closing price according to the VWAP to find optimal entry points according to the indicator. Highs / Lows : The Highs / Lows are generally used for trend analysis too. The High / Lows are mainly used to identify prices that have been key during the past and that we can use as an indication for the following candles. In this script, the Highs / Lows are computed on the daily period and then displayed on the current period (recommended to use on a daily period or lower). This way the indicator reflects the highest point and the lowest point of the day (can be modified to have a longer range of pivot days even if I recommend to stay on 1 day for day trading). Support / Resistance : The Support / Resistance is generally used for trend analysis too. The Support / Resistance are found by searching local high and lows. The longer the supports and resistance are, the strongest it can be considered. In this script, the Highs / Lows are computed by default on a lower time frame (usually 3-4 times lower). For example on a 15 minute graph, the Highs / Lows will be computed on the 5 minute graph (can be modified if the displayed result is not optimized for your asset). How to use this set of tools : I personally recommend to use this tool at the start of your day of trading. This way you will get a clear vision of the daily situation and try to identify key prices and the trend for the current day. I then suggest to set up an alert on the key price to be notified when you're getting close to it.
Pine Script™ indicator
by Gunzo_TV
11
Strongholds - Objective & Accurate Reference Points / StructuresVery early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else. I previously used my Oracle Eye and Reference Points scripts but it is time for an upgrade. Stronghold is a script I have used for quite some time now. I ditched daily and weekly closing prices as not that important. Instead, Strongholds are equipped with: ►Daily High & Low • Azure color ►Weekly High & Low • Dark blue ►Weekly old High & Low • Semi-transparent dark circles ►Monthly High & Low • Wizardly purple There is an option to print: ►4h High & Low • Semi-transparent red ►VWAP • Lovely purple ►Weekly VWAP • Black All of the levels and lines are set for 1m, 5m, 10m, 15m, 30m, 1h, 4h, 1D timeframes. If you use any alien timeframe, you may need to enter the code. You can opt-in and out for certain timeframes. For example, daily levels are visible from 15m or 30, so the indicator won't draw them unless you want to. However, they will not be seen on higher timeframes as there is no reason to show them and oversaturate the chart with lines. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Remember that if you use this script with auto-scale, you need to tick Scale Price Chart Only . Otherwise, your chart will fly to the moon! Good luck & have fun!
Pine Script™ indicator
by OrcChieftain
8
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator. Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market. After buying or selling, institutions compare instrument price to closing VWAP values at end of the day. For big financial institutions; A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price. A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price. Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :) So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation. So, Closing value of previous day vwap = Pvwap Today's running vwap = Cvwap Defining the IntraDay Trend: Moderately Bullish = candle closing price above Pvwap but below Cvwap Super Bullish = Closing price is above both (Cvwap and Pvwap) Moderately Bearish = Closing price is above Cvwap but below Pvwap Super Bearish = Closing Price is below both (Cvwap and Pvwap) A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend) Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
Pine Script™ indicator
by CrazyKishore74
20
Origin VWAP: OVWAPDraw a VWAP support/resistance line anchored to the origin of the data series (like a daily VWAP, but from the beginning of time, never resetting). Ideally the origin would be the first bar after the IPO. Tradingview (or your connected broker) doesn't always have a complete dataset, and in that case the OVWAP will be 'wrong', but converging to the correct value over time. You can try to simulate this with the built-in VWAP indicator but it has several bugs and limitations. Firstly, the longest time period is century, but it is not 100 years, ie. a rolling century but the beginning of the century: 21 years ago. Secondly, even if your dataset is less than 21 years, if you use a lower time frame then the built-in VWAP's origin becomes the left-most loaded bar (about 5,000 bars ago) - it will draw the wrong value. The new Anchored VWAP drawing tool can't be used on lower time frames as it won't draw the line at all unless it sees the point where you anchored it. You may want to cut 'n paste this code to use in some larger strategy. Unfortunately that's probably not possible. This script uses the 'resolution=' option of 'study()' set to '1W', so the whole script runs at the 1 week resolution. You would think it would be possible to instead use the 'security()' function to request data at the '1W' resolution, but it just resamples the current data set and so is limited to the rightmost 5,000 bars. Look in the options to enable standard deviation lines.
Pine Script™ indicator
by groks
6
PT VWAP MTFVersion 1.0 - A Multi Timeframe - Daily, Weekly, Monthly VWAP. Also added a feature for previous day, Daily, Weekly, Monthly VWAP . The main strategy to this indicator is the previous day vwaps. So we put in additional logic that allows us to visually see previous day, previous week and previous monthly vwap. This helps us get a gage of bullish vs bearish trends. For instance, if price is trading above both daily and previous daily vwaps, that signifies micro trend is bullish. If price is above daily vwap but below previous daily vwap, you can use the previous day vwap as a target for you long. If you are interested in using our version of the MTF vwap, shoot us a message!
Pine Script™ indicator
by patterntraders
Intraday VWAP weighted averaged KAMA BandsFor Intraday trading! This indicator helps in figuring out the directivity as well as optimum entry criteria in an Intraday Trade Most of the times in market, it makes a good sense for any trader to have a particular bias, the indicator helps provide biases with the potential target bands Explore it and come up with your own explanation! The indicator is self intuitive Buy when Blue price tracker line appears Sell when Orange price tracker line appears Target the just next band line! or Pivot Which timeframes it works best ? It is designed for 1 minute
Pine Script™ indicator
by Ankit_1618
5
VWAP with Standard Deviation BandsVolume Weighted Average Price (VWAP), with Standard Deviation Bands VWAP is a moving average with weighting for traded volume, so heavier trading activity has a greater impact on its direction. Low volume periods will move the VWAP less than high volume periods. The VWAP is important because institutional investors often use it to determine what is ‘fair value’. You can often see the market reacting when it gets close to the VWAP. This version is time segmented VWAP. It reset ma values when selected time period expires. Time periods are able to be selected in the settings: "1D", "2D", "W", "14D", "M", "60D", "12M", "24M", "Custom". Additionally script determines VWAP standard deviations. Multipliers for VWAP Standard Deviation Bands can be changed in the settings. There is also option to show previous VWAP and its Standard Deviation Bands before timeframe reset.
Pine Script™ indicator
by pmk07
6
Scalping Strategy with SL and TP activation settingsThis strategy can be used on pretty much every timeframe that gives you a satisfying performance and will give you entries with a high probability of a winning trade. Recommended are lower timeframes, because after all this is a scalping strategy and with that your chart wont be cluttered. How to use this script? Currently you can setup your positions SL and TP, because the markets vary in volatility it could improve the performance of the strategy. You will simply get your signals and can decide to act upon them. Stop loss: Simply your stop loss order which will trigger when price moves a given % away from your entry. TP-Activation: When price reaches your % target it will trigger a stop limit order. So if price turns against your position after reaching your target it will close your position in profit and if it runs in your favoured direction it will trigger at a later stage. Trailing-Offset-%: After reaching your % target it will trigger the TP order with an offset. So if you set your trailing offset to 0.1%, your TP order will be set behind 0.1 %. This can be used to test if the strategy would perform as well if you leave more room for trades to play out. Will this script make me profitable? No strategy is a silver bullet and it depends mostly on you. Trading is not easy and most people fail, because their risk management skills arent solid or they cant control their emotions. This script will give you statistically often good entries, so even if you hit a losing streak your SL will protect you from losing more than necessary until you get a winning streak. Patience and consistency is key to be profitable in the long run. Does the script repaint? Although you will get a notification when setting an alarm that the indicator may repaint, no security function is used and the signals will stay on the chart, because the signal is calculated based on the last candle close and will trigger with the next candle. I am still looking into why that notification pops up. You are free to try the indicator for a limited time to be sure. My experience with the strategy The overall statistical advantage is great. The strategy can be used simply as it is, but becomes better if you already have some experience with trading. Sometimes it will give you a good entry, reaches your target and the price still goes in your preferred direction. So your trading returns and experience could be improved with confluence, but it is totally fine as it is and if used right will help you get going. Disclaimer: This is no financial advice. This is a tool and I am not responsible for your actions. If you are interested in the indicator feel free to dm me on TradingView.
Pine Script™ strategy
by ClintEdwood
4
|AG| VWAP ANALYSIS|AG| VWAP ANALYSIS The volume-weighted average price (VWAP) is a trading benchmark used by traders that gives the average price security has traded throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and value of the security. VWAP is calculated by adding up the $ traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded. A detailed formula and calculations could be found here: -> fanf2.user.srcf.net Actually, TradingView has an option for Anchored Vwap is a really good implementation for specific analysis. The following script takes into account the #Time_Period_Change and plots the VWAP calculation. The #Time_Period Available for this script are:   -> Day   -> Week   -> Monthly   -> Quarter   -> Year 1. The option that we have is the SOURCE:   -> HLC3 (High, Low, Close)/3 is the right way to calculate VWAP.   -> But I included other traditional options:    -> open, high, low, close, hl2, hlc3, ohlc4 2. The option of Turn ON/OFF VWAP   -> Timeframe selection:     -> All, 1. Day, 2. Week, 3. Month, 4. Quarter, 5. Year, 6. >=Weekly, 7. >=Montlhy     -> With this, we could select the time for plotting the VWAP. And some cool features such as >= that we are going to plot different Timeframes VWAP calculations.   -> Vwap Label:     -> We could select if show labels or not 3. The option of Turn ON/OFF Previous VWAP Level   -> VWAP of one selected Time Period is going to end with a final price this level most of the time is retested and gives us a good opportunity for entry into one trade. Or could be used as Stop Loss.    -> Timeframe selection:      -> 1. Day, 2. Week, 3. Month, 4. Quarter, 5. Year, 6. >=Weekly, 7. >=Montlhy, 8. >=Daily   -> Factor     -> The factor options lead as increment the extension of the previous time period.     -> Example: D is the normal time period and with factor, we change from 1D to 2D in order to extend previous levels of VWAP.     ->The Factor option is only available in 1. Day and 2. Week. With a Min Value of 1 and a Maximum Value of 50.   -> Labels:     -> We could select if show labels or not 4. The option of Turn ON/OFF Standard Deviation Bands   -> Label:     -> We could select if show labels or not   -> Timeframe selection:     -> 1. Day, 2. Week, 3. Month, 4. Quarter, 5. Year 5. The option of Turn ON/OFF Previous Standard Deviation   -> Timeframe selection:     -> None, 1. Day, 2. Week, 3. Month, 4. Quarter, 5. Year, 6. >=Weekly, 7. >=Montlhy, 8. Quarter & Year   -> STDEV LEVEL     -> Since there are different options for Standard Deviation I included 4 options       -> 1       -> 2       -> 3      -> User Selection         -> In this option we could select any NUMBER for STVDEV 0.25 of step.  -> Label:    -> We could select if show labels or not 6. The Lockback Setting   -> This Script also includes an option to only plot a certain amount of days back.   The main reason in order to have a more clear chart.    -> We could select between:     -> PLOT ALL     -> CUSTOM   -> If we select Custom Then we could select the Number of Days Back that is going to be plotted. 7. Color Theme Here we select the color (Visual Desing)   -> Color Theme     -> Text Color     -> Here I use the recent input.color option added for TradingView making the color selection really simple 8. Time Period Highlighter   -> In this option, we could select one time period in order to plot one tiny background and identify the change in the time period.    -> Timeframe selection:      -> 1. Day, 2. Week, 3. Month, 4. Quarter, 5. Year 9. Label Offset   -> Finally, this option leads us to change the position of the labels into the X-axis by default 20. This script has many options the combinations and the possibilities of making different analyses are bast. Here some examples of what we could make: DEFAULT SETTING: PREVIOUS VWAP FOR TIME PERIOD >= WEEK (work good as S&D levels) PREVIOUS VWAP Week WITH A FACTOR OF 4 STANDARD DEVIATION BANDS - DAY STANDARD DEVIATION BANDS - WEEK STANDARD DEVIATION BANDS - MONTH STANDARD DEVIATION BANDS - QUARTER STANDARD DEVIATION BANDS - YEAR PREVIOUS STANDARD DEVIATION - DAY SDTV 3 PREVIOUS STANDARD DEVIATION - WEEK SDTV 3 USING STANDARD DEVIATION BANDS - WEEK WITH LOCKBACK -> PLOT ALL WITH CUSTOM 30 DAYS I think the options possibilities of analysis using #VWAP are truly awesome. I like the relationship that one previous VWAP has with Standard Pivot Points. Good Luck, Anderson,
Pine Script™ indicator
by Anderson-FX
9
Vwap Pvwap Intraday Trend - NiftyKishoreHello Traders !! This is a simple trend identification script which is based on the current vwap (Cvwap) and previous vwap (Pvwap). Pvwap in the sense; previous day vwap closing value. Bullish: price is closing above the current day vwap and previous day vwap(pvwap). Bearish : Price is closing below the current day vwap and previous day vwap (pvwap). Made a change to the barcolors as well :) Bullish Green Bar: close is above Pvwap and Cvwap. Blue bar: close is above Pvwap but below Cwap. Bearish Red bar: close is below Pvwap and Cvwap. Purple bar: close is below Pvwap but above Cvwap. Simple but effective Cheers !!
Pine Script™ indicator
by CrazyKishore74
7