VWAP Oscillator (Normalised)

BTCUSDT Perpetual ContractBybit

Описание

⋅ 28 ноя 2023 г., 10:17

Thanks:
Thanks to upslidedown for his VWAP Oscillator that served as the inspiration for this normalised version.

Core Aspects:

The script calculates the VWAP by considering both volume and price data, offering a comprehensive view of market activity.
Uses an adaptive normalization function to balance the data, ensuring that the VWAP reflects current market conditions accurately.
The oscillator includes customizable settings such as VWAP source, lookback period, and buffer percentage.
Provides a clear visual representation of market trends.

Usage Summary:

Detect divergences between price and oscillator for potential trend reversals.
Assess market momentum with oscillator’s position relative to the zero line.
Identify overbought and oversold conditions to anticipate market corrections.
Use volume-confirmed signals for enhanced reliability in trend strength assessments.

Информация о релизе

⋅ 30 ноя 2023 г., 12:36

Corrected thanks in the comments.
Made indicator and time frame visible in the chart preview for compliance with pinecoders agreement.

Информация о релизе

⋅ 7 дек 2023 г., 05:39

Added an additional Up-Down Volume Profile overlay. Thanks to the trading view team for their Up/Down Volume Indicator.

Added an alternative normalisation method for the VWAP Oscillator designed to be more responsive to local trends:

MA-StdDev for short-term price movements and volatility
Adaptive for analysing longer-term trends

DM Indicator Volume Weighted Average Price (VWAP)

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