Smoothed SuperTrend with VWAP Confirmation [CHE] Smoothed SuperTrend with Automated Optimization and VWAP Confirmation
Overview
The "Smoothed SuperTrend with VWAP Confirmation" is an advanced technical analysis indicator designed for precise trend identification and trading signal generation. This script integrates a smoothed version of the popular SuperTrend indicator with an additional layer of confirmation using the Volume-Weighted Average Price (VWAP). The combination of these two elements offers traders a powerful tool for identifying optimal entry and exit points in the market.
Key Features
1. Smoothed SuperTrend
- Super Smoother Algorithm: The SuperTrend in this script is not just a regular one; it is enhanced by the Super Smoother filter, which reduces market noise and provides more reliable trend signals.
- Customizable Parameters: Traders can adjust three different sets of SuperTrend parameters (factor and ATR length), allowing them to tailor the indicator to their specific trading strategies.
- Automatic Optimization: The script automatically evaluates the performance of each SuperTrend parameter set and selects the one with the best cumulative performance. This selection process can be set to pick either the best or the worst performing parameter set, depending on the trader's preference.
2. VWAP Confirmation
- Precise Trend Confirmation: Once the best-performing SuperTrend is identified, the script further refines the signals by using VWAP as a confirmation tool. VWAP is a highly respected indicator in the trading community, often used to assess the true average price of an asset.
- Long and Short Signal Generation: The script generates Long and Short signals only when the price action is confirmed by both the SuperTrend and VWAP. For a Long signal, the price must be above the VWAP, and for a Short signal, it must be below the VWAP. This dual confirmation ensures higher accuracy and reduces the likelihood of false signals.
3. Visual and Informative Labels
- Signal Labels: Upon confirmation of a trend reversal by both the SuperTrend and VWAP, the script plots clear labels on the chart, indicating confirmed Long or Short signals. These labels are customizable in terms of color, text, and size, ensuring they fit seamlessly into any chart setup.
- Best Parameters Display: At the close of the most recent bar, the script displays a label that provides detailed information about the best-performing SuperTrend parameters and their cumulative performance. This feature keeps traders informed about which settings are currently most effective.
Input Customization Options
1. Super Smoother Length
- Traders can define the length of the Super Smoother filter, which is used to smooth both price data and ATR (Average True Range) values. This input allows traders to control the sensitivity of the indicator, with shorter lengths providing faster responses and longer lengths offering smoother trends.
2. SuperTrend Parameters
- Factor: For each of the three SuperTrends, traders can set a unique factor that determines the distance of the SuperTrend bands from the average price. A higher factor results in wider bands and fewer signals, while a lower factor results in narrower bands and more signals.
- ATR Length: Traders can also specify the length of the ATR used in each SuperTrend calculation. A longer ATR period captures broader market volatility, while a shorter period focuses on more immediate price movements.
3. Label Settings
- Label Colors: The script allows full customization of label colors for Long and Short signals, ensuring that they match the trader’s chart aesthetics.
- Label Text Colors and Sizes: Traders can adjust the text color and size of the labels for Long, Short, and information labels, allowing them to prioritize visibility and readability on their charts.
4. Performance Selection Mode
- Best or Worst Performer: This input allows traders to select whether the script should optimize for the best or worst performing SuperTrend parameter set. This flexibility is useful in different market conditions, where a trader might want to analyze either the strongest trend or focus on a contrarian strategy.
5. VWAP Calculation
- The script automatically recalculates the VWAP based on trend changes, ensuring that the confirmation signals are as accurate and relevant as possible to the current market context.
Important Note
This script is designed to provide more accurate trend signals and confirmations, but like all technical indicators, it should not be used in isolation. It is recommended to use this tool as part of a broader trading strategy, including proper risk management and consideration of fundamental market conditions.
Conclusion
The "Smoothed SuperTrend with VWAP Confirmation" script is an innovative trading tool that combines the strengths of the SuperTrend and VWAP indicators. By integrating smoothing techniques and automatic parameter optimization, this indicator provides traders with more accurate and reliable trend signals. The added confirmation by VWAP further enhances the precision of the entry and exit points, making it an excellent choice for traders looking to improve their technical analysis and trading outcomes. This tool is especially valuable for those who prefer customizable inputs and a systematic approach to trading, ensuring that the indicator adapts to various market conditions and individual trading styles.
Best regards
Chervolino
Поиск скриптов по запросу "vwap"
True Moving VWAPHaven't found any moving VWAPs that calculate correctly (were weighted by time rather than volume) - this is correctly weighted VWAP.
TrendWave EMA/VWAP IndicatorThe TrendWave EMA/VWAP Indicator is a powerful technical analysis tool designed for traders seeking to enhance their market strategies. By combining the dynamic Exponential Moving Average (EMA) and the Volume Weighted Average Price (VWAP), this indicator provides valuable insights into price trends and potential trading signals, allowing for informed decision-making in various market conditions.
Key Features:
Exponential Moving Average (EMA):
The EMA component helps traders identify the direction of the prevailing trend by giving more weight to recent price action. This responsiveness makes the EMA an essential tool for trend-following strategies.
Customizable Length: Users can adjust the EMA length (default set to 50 periods) to align with their specific trading style and preferences.
Volume Weighted Average Price (VWAP):
The VWAP is crucial for evaluating the average price of a security throughout the trading day, factoring in volume. It serves as a benchmark for price action and can help traders identify significant support and resistance levels.
Real-time Benchmarking: The VWAP enables traders to assess current prices against historical averages, improving their entry and exit strategies.
Signal Generation:
The TrendWave EMA/VWAP Indicator generates clear buy and sell signals based on the interaction between the price and the VWAP:
Bullish Signal: Triggered when the price crosses above the VWAP, indicating a potential upward movement.
Bearish Signal: Triggered when the price crosses below the VWAP, suggesting a potential downward movement.
These signals are visually represented with intuitive arrows on the chart, facilitating quick recognition of trading opportunities.
User-Friendly Interface:
The indicator allows traders to enable or disable components (EMA and VWAP) based on their preferences, ensuring a personalized trading experience.
Clear color coding enhances visual clarity: the EMA is displayed in blue, while the VWAP is shown in orange.
Use Cases:
Trend Following: Use the EMA to confirm the direction of the trend and make trades that align with that trend.
Price Action Analysis: Employ the VWAP to determine the average trading price and identify key support/resistance levels.
Signal Confirmation: Combine signals from both the EMA and VWAP to enhance trading strategies and decision-making.
The TrendWave EMA/VWAP Indicator is an essential addition to any trader's toolkit. By leveraging the strengths of both the EMA and VWAP, this indicator empowers traders to make informed, data-driven decisions and capitalize on market movements with confidence.
Rolling VWAPGuide for Traders
What is the Rolling VWAP?
The Volume Weighted Average Price (VWAP) is a key indicator used by traders to assess the average price of an asset, weighted by volume over a specified period. Unlike a simple moving average, the VWAP accounts for trading volume, making it a more accurate reflection of price action and market sentiment.
The Rolling VWAP in this script dynamically updates based on a user-defined period, allowing traders to view the average price over a chosen number of bars. This is particularly useful for identifying trends and potential entry or exit points in the market.
Key Benefits of Using Rolling VWAP
Better Market Insight: VWAP provides insight into where most trading is occurring, helping you gauge the strength of a price move.
Support and Resistance Levels: It often acts as dynamic support or resistance, signaling areas where price might reverse.
Trend Confirmation: A rising VWAP suggests a bullish trend, while a falling VWAP indicates a bearish trend.
Informed Entry/Exit Decisions: Use the VWAP to find entry points below it in an uptrend or exit points above it in a downtrend.
How to Use this Script:
Custom Period Input:
You can modify the "VWAP Period" to adjust the number of bars considered in the rolling calculation.
The default period is 14 bars, but you can set it based on your strategy (e.g., shorter for intraday trading, longer for swing trading).
Chart Interpretation
Bullish Signals: When the price is above the VWAP line, it suggests upward momentum, and you may consider buying opportunities.
Bearish Signals: When the price is below the VWAP, it indicates downward momentum, and you may consider selling or shorting opportunities.
Reversion to VWAP: Prices often revert to the VWAP after extended moves away from it, offering potential trade setups.
Combine with Other Indicators:
Momentum Indicators: Use with RSI, MACD, or moving averages for confirmation.
Volume Analysis: VWAP works well when combined with volume indicators to assess if a breakout is supported by high trading volume.
Customization:
Traders can customize the script's period and plot color to fit their charting preferences.
Practical Tips:
Intraday Traders: Use shorter periods (e.g., 5 or 10) to capture VWAP trends in fast-moving markets.
Swing Traders: Use longer periods (e.g., 50 or 100) to assess longer-term price and volume trends.
By integrating this Rolling VWAP into your strategy, you can better understand where the majority of trading volume has occurred, allowing you to make more informed decisions in your trading process.
F.B_Volume Weighted Average Price MTFThe F.B_Volume Weighted Average Price MTF (VWAP MTF) indicator calculates the volume-weighted average price of a security across different timeframes. The VWAP is a powerful indicator used by both institutional and retail traders to make better trading decisions.
Functionality:
Timeframe:
The indicator allows you to adjust the timeframe for the VWAP calculation via the settings. By default, the timeframe is set to weekly ("W").
Restart at new timeframe:
At each new period in the chosen timeframe, the VWAP calculations are reset, and a new VWAP is calculated.
VWAP Calculation:
The VWAP is calculated by the volume-weighted average of the typical prices (High, Low, and Close) of the security. This calculation takes into account the volume of each transaction to provide an accurate average price.
Visualization:
The VWAP is displayed as a line on the chart, and the color of the line changes depending on the price position relative to the VWAP:
Green: The current closing price is above the VWAP (bullish signal).
Red: The current closing price is below the VWAP (bearish signal).
Options:
Show barcolors:
This option allows you to display the colors of the candles based on their position relative to the VWAP (green for bullish, red for bearish).
Show previous VWAP close:
This option shows the closing value of the VWAP from the previous period to provide historical reference points.
Interpretation:
Bullish Signal:
If the current price is above the VWAP, this indicates that the market trend is upward, which could be considered a buying opportunity.
Bearish Signal:
If the current price is below the VWAP, this indicates that the market trend is downward, which could be considered a selling signal.
Push and Exhaustion Strategy with VWAP and Moving AveragesOverview:
The Push and Exhaustion Strategy Indicator is a custom technical analysis tool designed to help traders identify potential market turning points by highlighting significant price movements (pushes) and subsequent periods of reduced momentum (exhaustion). This indicator also incorporates key moving averages (50-period and 200-period) and the Volume Weighted Average Price (VWAP) to provide additional context for trading decisions.
Components:
Push and Exhaustion Thresholds:
Push Threshold: Set at 1.5 by default. This means the price must increase by 50% or more compared to the previous close to signal a push.
Exhaustion Threshold: Set at 0.7 by default. This means the price must decrease by 30% or more compared to the previous close to signal exhaustion.
VWAP (Volume Weighted Average Price):
VWAP is plotted on the chart to provide an average price weighted by volume, giving insight into the true average price paid for an asset.
Moving Averages:
50-period Moving Average (MA): Plotted in blue, it helps identify the short-to-mid-term trend direction.
200-period Moving Average (MA): Plotted in orange, it helps identify the long-term trend direction.
How It Works:
Push Condition:
A push signal is generated when the current closing price is at least 1.5 times the previous closing price (pushThreshold).
Additionally, the closing price must be above the VWAP, indicating strong upward momentum.
When these conditions are met, a green triangle is plotted above the price bar.
Exhaustion Condition:
An exhaustion signal is generated when the current closing price is at most 0.7 times the previous closing price (exhaustionThreshold).
Additionally, the closing price must be below the VWAP, indicating weakened momentum and potential reversal.
When these conditions are met, a red triangle is plotted below the price bar.
Visualization:
The indicator plots green triangles above bars to indicate a push signal and red triangles below bars to indicate an exhaustion signal.
It also plots the 50-period and 200-period moving averages as blue and orange lines, respectively.
The VWAP is plotted as a purple line, showing the average price considering the trading volume.
Alerts:
The indicator includes optional alerts that notify the trader when a push or exhaustion signal is detected.
Usage:
Push Signals: Traders might use push signals to enter trades in the direction of strong momentum, typically buying in an uptrend.
Exhaustion Signals: Traders might use exhaustion signals to anticipate potential reversals, considering exiting positions or entering counter-trend trades.
Moving Averages: The 50-period and 200-period moving averages help provide context to the overall trend, aiding in decision-making.
VWAP: Being above or below the VWAP helps validate the strength of the price movement.
This indicator provides a comprehensive view of market momentum, aiding traders in making informed decisions by highlighting significant price moves and potential reversals within the context of prevailing trends.
Smartos VWAPSmartos VWAP Indicator Description
Smartos VWAP is a versatile and customizable technical analysis tool designed for traders and analysts to gauge the average price of a security based on its trading volume. The indicator calculates the Volume Weighted Average Price (VWAP) over six different customizable periods, allowing users to adapt the analysis to their trading strategies.
Key Features:
Volume Weighted Average Price (VWAP): The Smartos VWAP provides a dynamic measure of the average price at which a security has traded throughout the day, weighted by volume. This makes it a useful reference point for assessing price levels.
Customizable Periods: The indicator allows users to set six different candle lengths for VWAP calculations, with default values of 21, 48, 84, 175, 480, and 840 candles. Users can easily modify these values to suit their trading preferences.
Multiple VWAP Lines: The indicator plots six distinct VWAP lines on the chart, each representing a different period. This enables traders to observe price action relative to multiple VWAPs, helping identify trends and potential support and resistance levels.
Visual Clarity: Each VWAP line is color-coded for easy differentiation, making it simple for traders to analyze price movements and the relationship between the current price and the average price over the selected periods.
Usage:
Traders can use the Smartos VWAP indicator to make informed decisions regarding entry and exit points, as well as to assess overall market sentiment. By observing the position of the price relative to the VWAP lines, traders can gain insights into potential bullish or bearish trends.
Zigzag Tails [Trendoscope®] 🎲 Introducing Zigzag Tails Indicator by Trendoscope.
The Zigzag Tails Indicator, a groundbreaking tool from Trendoscope, redefines technical analysis by seamlessly integrating anchored VWAPs (Volume Weighted Average Prices) and Average Price calculations with Zigzag pivot points. This advanced indicator recalculates Average Price or VWAP from one Zigzag pivot to the next, offering unparalleled insights into market movements.
🎯 Innovative Design
Each Zigzag pivot can feature up to three distinct tails, corresponding to the high, low, and close prices of each candle. Users have the flexibility to select between Average Price and VWAP for display on their charts. By default, the indicator plots all three tails, but individual tail visibility is customizable via the settings panel.
Average Price Mode: When selected, tails depict the average price across a specified number of bars.
VWAP Mode: In this mode, tails represent the VWAP, calculated for a given price over a set number of bars.
🎯 Dynamic Dotted Tail
The Zigzag Tails Indicator features dotted tails that extend from the last Zigzag pivot to the current bar. These dotted tails dynamically adapt to market changes and are subject to repainting with the emergence of new Zigzag pivots.
When repainting is enabled, the dotted tails originate from the last unconfirmed Zigzag pivot, extending to the current bar. This setting offers a more immediate, albeit tentative, visual representation of market trends.
With repainting disabled, the dotted tails will be anchored from the last confirmed Zigzag pivot to the current bar, providing a more stable but slightly delayed market analysis.
Irrespective of the repaint option, the dotted dynamic tails is always expected to repaint.
🎯 Practical Applications
The Zigzag Tails Indicator provides more accurate support and resistance levels than traditional VWAP, rolling VWAP, or moving averages. Its precision makes it an invaluable tool for identifying trends, as well as potential trend continuations or reversals.
🛠 Indicator Settings
Zigzag Configuration:
Zigzag Length determines the loopback length for the foundational Zigzag calculation.
Number of Bars represent the calculation distance. This limitation is added to avoid runtime errors on lower timeframes. The calculations run through lots of loops. Hence, if it is run across too many bars, we may get timeout issues.
Repaint: Activating this will also display the last, unconfirmed Zigzag pivot. Since the last pivot is inherently tentative, it may repaint with the arrival of new bars. A pivot is confirmed only when a subsequent unconfirmed pivot emerges on the chart.
Tail Configuration
Tail Type: Choose between average and VWAP for the tail calculation. The average option plots a simple average, while the VWAP option calculates an anchored VWAP from pivot to pivot.
Display Options: Tailored display options for High, Low, Close prices, with customizable colors for each tail type.
Inspired by the ideas of @KioseffTrading's implementation of Zigzag Anchored VWAP
Moving Averages + BB & R.VWAP StDev (multi-tf)█ Moving Averages + Bollinger Bands and Rolling Volume Weighted Average Price with Standard Deviation Bands (Multi Timeframe)
Multiple moving averages can be independently applied.
The length , type and timeframe of each moving average are configurable .
The lines and colors are customizable too.
This script can display:
Moving Averages
Bollinger Bands
Rolling VWAP and Standard Deviation Bands
Types of Moving Averages:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Least Squares Moving Average (LSMA)
Hull Moving Average (HMA)
Arnaud Legoux Moving Average (ALMA)
█ Moving Average
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time.
A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
█ Bollinger Bands
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
Based on the previous script :
Rolling VWAP█ OVERVIEW
This indicator displays a Rolling Volume-Weighted Average Price. Contrary to VWAP indicators which reset at the beginning of a new time segment, RVWAP calculates using a moving window defined by a time period (not a simple number of bars), so it never resets.
█ CONCEPTS
If you are not already familiar with VWAP, our Help Center will get you started.
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe. You can thus use RVWAP on any chart that includes volume information in its data feed.
Because RVWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset. You can see the more jagged VWAP on the chart above. We think both can be useful to traders; up to you to decide which flavor works for you.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate RVWAP:
Chart Time
timeframe period
1min 🠆 1H
5min 🠆 4H
1H 🠆 1D
4H 🠆 3D
12H 🠆 1W
1D 🠆 1M
1W 🠆 3M
You can use the script's inputs to specify a fixed time period, which you can express in any combination of days, hours and minutes.
By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location.
Minimum Window Size
This input field determines the minimum number of values to keep in the moving window, even if these values are outside the prescribed time period. This mitigates situations where a large time gap between two bars would cause the time window to be empty, which can occur in non-24x7 markets where large time gaps may separate contiguous chart bars, namely across holidays or trading sessions. For example, if you were using a 1D time period and there is a two-day gap between two bars, then no chart bars would fit in the moving window after the gap. The default value is 10 bars.
█ NOTES
If you are interested in VWAP indicators, you may find the VWAP Auto Anchored built-in indicator worth a try.
For Pine Script™ coders
The heart of this script's calculations uses the `totalForTimeWhen()` function from the ConditionalAverages library published by PineCoders . It works by maintaining an array of values included in a time period, but without a for loop requiring a lookback from the current bar, so it is much more efficient.
We write our Pine Script™ code using the recommendations in the User Manual's Style Guide .
Look first. Then leap.
Multi VWAP for Wick HunterCredit: honeybadgermakesfunnymoney for this Open Source Script
Published:
This is a tool that will allow you to visualize Wick Hunter's calcation of VWAP. Wick Hunter uses this calcuation for its Liqudations Bots.
There are four settings that you need to be configured to visualize your VWAP Band:
Long VWAP - The distance from current VWAP price, in %, that price must be UNDER when a liquidation event occurs to meet your you VWAP condition. The higher the value, the more price must move below the current VWAP price for it to enter a LONG position.
Short VWAP - The distance from current VWAP price, in %, that price must be ABOVE when a liquidation event occurs to meet your you VWAP condition. The higher the value, the more price must move above the current VWAP price for it to enter a SHORT position.
VWAP Timeframe - Select the timeframe you want the VWAP to be measured on.
VWAP Periods: Input the time period over which you want the VWAP to be measured over. For example, if you use "5" for this and "15" for VWAP Timeframe. The VWAP will be calculated based on the last five 15 minute candles.
You can play around with these settings using the indicator provide above. The indicator will print a triangle when the conditon for VWAP is met for a long for short trade. Play around with these settings. A few good timeframes that are popular are 5 minute, 15 minute, and one hour (60 minute). As far as periods, the most common settings are between 5 periods and 15 periods. In general the lower the timeframe and periods and closer VWAP will follow price.
MTF MA Ribbon and Bands + BB, Gaussian F. and R. VWAP with StDev█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands
Up to 9 moving averages can be independently applied.
The length , type and timeframe of each moving average are configurable .
The lines, colors and background fill are customizable too.
This script can also display:
Moving Average Bands
Bollinger Bands
Gaussian Filter
Rolling VWAP and Standard Deviation Bands
Types of Moving Averages:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Least Squares Moving Average (LSMA)
Hull Moving Average (HMA)
Arnaud Legoux Moving Average (ALMA)
█ Moving Average
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time.
A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
█ Bollinger Bands
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
█ Gaussian Filter
Gaussian filter can be used for smoothing.
It rejects high frequencies (fast movements) better than an EMA and has lower lag.
A Gaussian filter is one whose transfer response is described by the familiar Gaussian bell-shaped curve.
In the case of low-pass filters, only the upper half of the curve describes the filter.
The use of gaussian filters is a move toward achieving the dual goal of reducing lag and reducing the lag of high-frequency components relative to the lag of lower-frequency components.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
Made with the help from scripts of: adam24x, VishvaP, loxx and pmk07.
HYE Combo Market [Strategy] (Vwap Mean Reversion + Trend Hunter)In this strategy, I used a combination of trend hunter and vwap mean reversion strategies that I published before.
Trend Hunter Strategy:
Mean Reversion Vwap Strategy:
The results are quite impressive, especially for bitcoin.
While the hodl return for bitcoin was 13419%, the strategy's return in the same period was about 5 times (65000%) of this.
s3.tradingview.com
In this combo strategy, I made some changes to the original settings of the strategies used together and added some more new features.
Trend Hunter Strategy Settings: (Original / Combo)
- Slow Tenkansen Period : 9 / 9
- Slow Kijunsen Period : 26 / 13
- Fast Tenkansen Period : 5 / 3
- Fast Kijunsen Period : 13 / 7
- BB Length : 20 / 20
- BB Stdev : 2 / 2
- TSV Length : 13 / 20
- TSV Ema Length : 7 / 7
* I also added a "vidya moving average" to be used as a confirmation tool to open a long position. (Candle close must be above the vidya line.)
Vwap Mean Reversion Strategy Settings: (Original / Combo)
- Small Vwap : 2 / 8
- Big Vwap : 5 / 10
- Percent Below to Buy : 3 / 2
- RSI Period : 2 / 2
- RSI Ema Period : 5 / 5
- Maximum RSI Level for Buy : 30
* I also added a "mean vwap line" to be used for exits in this part of the strategy. In the original version, when small vwap crossovers big vwap, we close the position, but in this strategy we will wait for the close above the mean vwap.
TIPS AND WARNINGS
1-) The standard settings of this combo strategy is designed and tested with daily timeframe. For lower timeframes, you should change the strategy settings and find the best value for yourself.
2-) Only the mean vwap line is displayed on the graph. For a detailed view, you can delete the "//" marks from the plot codes in the strategy code.
3-) This is a strategy for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this strategy.
________________________________________________________
Bu stratejide, daha önce yayınladığım trend avcısı ve vwap ortalamaya geri dönüş stratejilerinin bir kombinasyonunu kullandım.
Sonuçlar özellikle bitcoin için oldukça etkileyici.
Bitcoin için hodl getirisi %13419 iken, stratejinin aynı dönemdeki getirisi bunun yaklaşık 5 katı (%65000) idi.
Bu kombo stratejide, birlikte kullanılan stratejilerin orijinal ayarlarında bazı değişiklikler yaptım ve bazı yeni özellikler ekledim.
Trend Avcısı Strateji Ayarları: (Orijinal / Combo)
- Yavaş Tenkansen Periyodu : 9 / 9
- Yavaş Kijunsen Periyodu : 26 / 13
- Hızlı Tenkansen Periyodu : 5 / 3
- Hızlı Kijunsen Periyodu : 13 / 7
- BB Uzunluğu : 20 / 20
- BB Standart Sapması : 2 / 2
- TSV Uzunluğu : 13 / 20
- TSV Ema Uzunluğu : 7 / 7
* Ayrıca long pozisyon açmak için onay aracı olarak kullanılmak üzere "vidya hareketli ortalama" ekledim. (Mum kapanışı vidya çizgisinin üzerinde olmalıdır.)
Vwap Ortalamaya Dönüş Stratejisi Ayarları: (Orijinal / Combo)
- Küçük Vwap : 2 / 8
- Büyük Vwap : 5 / 10
- Alış İçin Gerekli Fark Oranı : 3 / 2
- RSI Periyodu : 2 / 2
- RSI Ema Periyodu: 5 / 5
- Alış için gerekli maksimum RSI seviyesi : 30
* Stratejinin bu bölümünde pozisyondan çıkışlar için kullanılacak bir "ortalama vwap çizgisi" de ekledim. Orijinal versiyonda, küçük vwap, büyük vwap'ı yukarı kestiğinde pozisyonu kapatıyoruz, ancak bu stratejide, ortalama vwap'ın üzerindeki kapanışı bekleyeceğiz.
İPUÇLARI VE UYARILAR
1-) Bu birleşik stratejinin standart ayarları, günlük zaman dilimi ile tasarlanmış ve test edilmiştir. Daha düşük zaman dilimleri için strateji ayarlarını değiştirmeli ve kendiniz için en iyi değeri bulmalısınız.
2-) Grafikte sadece ortalama vwap çizgisi görüntülenir. Ayrıntılı bir görünüm için strateji kodundaki "plot" ile başlayan satırlarda grafikte görünmesini istediğiniz özelliğin önündeki "//" işaretlerini silebilirsiniz.
3-) Eğitim ve deneysel amaçlı bir stratejidir. Yatırım tavsiyesi olarak değerlendirilemez. Bu stratejiyi kullanarak gerçek piyasa işlem açarken dikkatli olmalı ve kendi risk değerlendirmenizi yapmalısınız.
TrendWave VWAP Indicator with ATR-based SignalsThe TrendWave VWAP Indicator with ATR-Based Signals is a robust TradingView tool for traders who prioritize precision and adaptability. This indicator combines the Volume-Weighted Average Price (VWAP) with the Average True Range (ATR) to provide actionable entry and exit signals while dynamically filtering out sideways market conditions. Designed with flexibility in mind, the indicator offers extensive customization options to tailor signals and filtering to individual trading styles.
Key Features and Customizable Settings
VWAP Integration
VWAP offers a volume-weighted benchmark, ideal for tracking price trends in relation to average trading levels. Customization: Traders can enable or disable VWAP functionality via a toggle, allowing easy adjustments based on market conditions or strategy preferences.
ATR-Based Signal Levels
ATR provides volatility-based levels for precise entry and exit points by measuring average price range. Customization: Traders can set the ATR length (default: 14) and the multiplier (default: 1.5) for adjusting sensitivity. A sideways threshold can be set to control the ATR value at which the indicator pauses signals, helping to avoid low-volatility markets.
Signal Cooldown
To reduce noise in choppy conditions, a signal cooldown enforces a minimum number of bars between signals. Customization: The cooldown period (default: 10 bars) can be adjusted to match preferred trading frequency and discipline requirements.
Signal Logic
Long Entry: Activated when price crosses above the VWAP in a trending market. Cooldown applies to avoid consecutive signals.
Long Exit: Triggered when price crosses below the VWAP.
Short Entry: Initiated when price crosses below the VWAP, in non-sideways conditions.
Short Exit: Occurs when price crosses back above the VWAP following a short position.
Visual Indicators
The VWAP is displayed as a line on the chart for easy trend reference. Entry and exit signals are clearly marked with color-coded shapes, enhancing readability without clutter.
Practical Application
The TrendWave VWAP Indicator with ATR-Based Signals provides tailored entries and exits for trending markets. Its customization options make it suitable for traders who require flexibility and precision in varying market conditions. By adjusting VWAP, ATR, and cooldown parameters, users can fine-tune the indicator to suit different trading styles, making it an essential tool for disciplined trading in dynamic markets.
Options Series - Technical Analysis Chart➤ Simple Technical Chart Only:
➤ With MA-20 Overlay and Volatility background bars:
➤ With RSI Candles:
⭐ Overview and How It Works:
This script provides a multi-asset analysis tool to assess various market conditions across four symbols simultaneously. It combines several indicators such as daily price change, Moving Averages (MA), Bollinger Bands (BB), Parabolic SAR, RSI, and VWAP to generate buy/sell signals and trend indicators. Its strength lies in the layered use of indicators to enhance signal reliability, making it valuable for traders needing cross-validation in decision-making.
⭐ Key Features and Functionality:
The script evaluates each symbol's price against various indicators and conditions:
Daily Price Conditions: It checks if each symbol’s close price is above or below the previous day’s open, close, and intra-day ranges, forming a foundational bullish/bearish condition.
Range Breakout 1st 5min Candle (ORB): Opening Range Breakout levels are calculated and compared with current close prices, detecting breakout/breakdown conditions.
ORB Body: This basically calculates the previous day Daily candle body size, if todays Daily candle body size is greater than previous day, then we can say that we are having good momentum else its likely to be in-sidebar trading.
Moving Averages (MA): It leverages EMA-20, 2-day, and 3-day exponential moving averages to gauge short to medium-term trends.
RSI and VWAP: Relative Strength Index (RSI) determines overbought or oversold conditions, while VWAP compares prices to volume-weighted levels.
Bollinger Bands and Trend Analysis: Detects volatility and potential breakout conditions.
Concept of ORB Body:
Current_PrevDay_Body = (math.max(var_Current_PrevD_Open, var_Current_PrevD_Close) - math.min(var_Current_PrevD_Open, var_Current_PrevD_Close))
Current_Upper_ORB = var_Current_D_Open + Current_PrevDay_Body
Current_Lower_ORB = var_Current_D_Open - Current_PrevDay_Body
Current_TodayDay_Body = math.max(var_Current_D_Open, var_Current_Close) - math.min(var_Current_D_Open, var_Current_Close)
Current_ORBBody = Current_TodayDay_Body > Current_PrevDay_Body
Current_Upper_ORB_bull = (var_Current_Close > Current_Upper_ORB)
Current_Lower_ORB_bear = (var_Current_Close < Current_Lower_ORB)
🎨 Visualizations and User Experience:
The script can dynamically display colored backgrounds indicating trends when conditions are met. For example, the bgcolor function changes the background when certain trend-based criteria are satisfied, offering visual cues to users. Additionally, the checkbox input toggles trend bar visualizations, enhancing user experience by providing a quick visual reference without needing to interpret individual data points manually.
RSI-Based Candle Coloring:
➤ The script customizes candle colors based on RSI thresholds, specifically defining upper (60) and lower (40) RSI levels. When the RSI value exceeds the upper threshold, candles are colored as bullish (green), and if it falls below the lower threshold, candles are colored as bearish (red). Neutral RSI values result in a default color (gray).
➤ This setup offers a visually intuitive way to identify potential trend directions based on RSI levels, making it ideal for traders looking to gauge momentum visually.
⭐ Settings and Customization:
With multiple user-configurable inputs, the script allows for tailored analysis. Customizable parameters, such as enabling/disabling trend bars and setting various look-back periods for indicators like Bollinger Bands and Moving Averages, make it adaptable to various trading styles and preferences. It also allows users to modify visual elements like colors and styles, improving flexibility.
⭐ Uniqueness of the Concept:
The unique aspect of this script is its multi-symbol approach combined with complex conditions. By comparing not only one but four symbols simultaneously, it provides a broader market view and allows traders to correlate signals across different assets, offering a potential edge for diversified or comparative strategies. Additionally, the incorporation of ORB and multi-timeframe MAs gives it a robustness often lacking in simpler single-symbol scripts.
🚀 Conclusion:
This script is a powerful multi-indicator tool suited for traders looking for a comparative, multi-symbol analysis. With features like ORB, Bollinger Band-based trend detection, and MA cross-verification, it can assist traders in identifying and validating trend signals across assets. The user-friendly visualizations and customizable settings further enhance its usability, making it versatile for various trading strategies and preferences.
[KVA] Custom Sessions Custom Sessions: Multi-Timeframe Analysis & Key Level Insights
Introduction:
Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances of market movements by analyzing candlestick behavior within those sessions, offering a nuanced view of market trends, liquidity, and potential turning points.
Core Features :
Session Customization : Tailor trading sessions to align with your strategy, focusing on the markets that matter most to you. Whether it's London, New York, Tokyo, Sydney, or Frankfurt, you have the control.
Enhanced Market Insight : Beyond session timing, gain a refined understanding of market dynamics through detailed candlestick analysis within each session, providing a granular view of price action.
Comprehensive Analysis Tools : Alongside session analysis, the indicator includes features like VWAP (Volume Weighted Average Price) and Fibonacci retracement levels, offering a multifaceted approach to market analysis across chosen timeframes.
VWAP : Gain insights into the market's trend and liquidity by viewing the Volume Weighted Average Price calculated for the custom timeframe.
Fibonacci Retracement Levels : Easily identify potential reversal points with automatically plotted Fibonacci levels at 0.236, 0.382, 0.5, 0.618, and 0.782for each candle
Real-Time Updates : As the market moves, so does " Custom Sessions," offering real-time insights that adapt to the unfolding market conditions.
Utilization Guide :
Configure Your Sessions : Begin by setting up the sessions that are most relevant to your trading approach, customizing their times as needed.
Select the Desired Timeframe : Input your preferred higher timeframe to analyze data that is most relevant to your trading strategy.
Dive into the Details : Use the detailed candlestick analysis within sessions to pinpoint potential entry and exit points, supported by VWAP and Fibonacci levels for deeper market insight.
Customize Your View : Adjust the visual aspects of the indicator, including session color coding and which elements to display, tailoring the tool to your preferences.
Acknowledgements :
A special thanks to Aurocks_AIF for their foundational work on "Sessions on Chart" . This project has been an invaluable resource, inspiring the development of " Custom Sessions" and pushing the boundaries of traditional session analysis.
Final Thoughts :
" Custom Sessions" is more than just an indicator; it's a comprehensive analysis tool that brings a new depth to the understanding of market sessions. By offering detailed insights into the behavior of candles within these sessions, along with essential analysis features, this indicator is a must-have for traders seeking to enhance their technical analysis arsenal.
Whether you're a day trader looking to capture short-term movements or a long-term investor seeking broader market insights, this indicator offers valuable data visualization to enhance your trading decisions. By integrating highs, lows, VWAP, and Fibonacci levels into your analysis, you gain a comprehensive view of market behavior across different timeframes and sessions
Smoothed RSI w/ VWAP & Moving AverageThis indicator is the default Tradingview RSI with smoothing and an RSI based VWAP. I've also added the RSI based VWAP to the Moving Average options list. By default, the RSI based VWAP is turned on with the WMA selected as the Moving Average. The RSI changes colors when it is above the 55 level, VWAP, and Moving Average or below the 45 level, VWAP, and Moving Average. There is also an option for barcoloring based on the RSI colors.
Default settings
Default settings w/ Barcoloring
VWAP off w/ Bollinger Bands as the Moving Average
VWAP on w/ Bollinger Bands as the Moving Average and Barcoloring
VWAP as the Moving Average option
MTF Key Levels - Support and ResistanceThis indicator shows how to Multi Time Frame (MTF) interpret levels:
Watch how price acts around these levels and how they can act as support/resistance and can be used as great confluence levels for your technical analysis.
This indicator displays:
VWAP Levels
Daily / Weekly / Monthly / Yearly
Within the chart above I have marked out how displaying these VWAP levels can provide support and resistance levels to be aware of.
Daily – Weekly - Monthly – Yearly Levels
O = Open / H = High / L = Low
pO = Previous Open / pH = Previous High / pL = Previous Low / pEQ = Previous Equlibrium
Having previous Low/High levels makes you aware of Swing Failure Patterns (SFP). Also the daily/weekly/monthly opening and previous opening can assist with the trend.
Daily Open: Gives you an idea who is in control for the day. This level very often acts as strong support or resistance.
Weekly Open: Indicates where the price is within the higher timeframe.
Monthly Open & Yearly Levels: Overview of direction for the whole month without looking at a monthly chart and Yearly chart
Line Options
Within the line options you can choose to have a clean chart and display a “short line”. These line length can be adjusted by the user.
Line just to the right.
Line across the screen.
Disclaimer: The Monthly and Yealy VWAP will only show on higher timeframes this is due to restriction of how many candles can be shown on the chart. The candles displayed need to go back to either the start of the month of year to be able to calculate their VWAPs.
Rolling Strategic AVWAPThe Rolling Strategic AVWAP gives you the ability to have the standard AVWAP indicators applied across all charts in all timeframes. There is no manual intervention necessary to keep all the standard VWAPs up to date. This indicator is written so that all weekends and trading holidays are taken into account so you never have any gaps or days where the indicator isn't working.
Standard rolling AVWAP indicators:
Daily
2-day
3-day
Week-to-Date
Month-to-Date
Year-to-Date
Additionally I have supplied several custom labeled AVWAP indicators that the user can adjust the date themselves
Custom Fixed AVWAP indicators:
Prior Week-to-Date
Prior Month-to-Date
Prior Year-to-Date
Fed rate decision
Inflation report
GDP report
Jobs report
3 more labeled Custom1-3
These custom locations will allow the user to anchor the VWAP to meaningful dates and times in the market. Often there are large moves due to global macro events that can give the trader an edge by referencing the VWAP to the date and time.
Labels and Display
There are options to turn on and off any of the AVWAPs, as well as turning on and off the display labels below the candles.
Market VWAPsIt's annoying to have to redraw the anchored VWAPs over and over, so I wrote an indicator that will create an anchored VWAP for every session and daily open.
Session times are configurable. Disable the ones in Styles that you don't need.
Enjoy!
Rumpy's Murrey Math Lines & VWAPs - (pine v4)Murrey Math lines based on weekly closes plus VWAP and pine v4 goodies. Options for adjusting label visibility and disabling vwaps individually.
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If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
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With only MMLs :
Volatility Stop with Vwap StrategyFirst the credits goes to @TradingView for their release of the volatility stop mtf indicator.
I have took it, and inside I have added a weekly vwap for a better trend direction and at the same time I have added a dynamic risk managment which is calculated from the distance between the volatility line to the close of the candle.
The rules for entry are simple:
For long:We enter when our close of the candle is above the volatility stop line and at the same time the close of the candle is above weekly vwap
For short we enter when our close of the candle is below the volatility stop line and at the same time the close of the candle is below weekly vwap.
We exit when we either have a reverse signal than the one we enterred, or based on the TP/SL which is calculated with the distance from vwap to the close of the candle.
If you have any questions please let me know !
Bank Nifty ScalpingThis indicator is designed for scalping purposes.
Users have the option to input the desired source and enable or disable the following indicators:
Multiple EMA (Exponential moving average)
Simultaneously displays multiple moving averages to quickly identify shifts in momentum and obtain confirmation from slower-moving averages.
By default, the EMA display settings are configured to show the 20-day EMA and the 200-day EMA. However, users have the flexibility to modify the display settings according to their preferences. This means that users can customize the indicator to show the EMA values of their choice, such as EMA 50 and EMA 100.
VWAP ( Volume weighted average price )
Default value is set to ‘hl2’
A bullish trend is indicated when the price is above the Volume Weighted Average Price (VWAP), while a bearish trend is indicated when the price is below the VWAP.
VWMA ( Volume weighted moving average )
In the VWMA (Volume Weighted Moving Average) indicator, a default value of 20 is used. If the price is higher than the VWMA, it typically indicates a bullish trend. Conversely, if the price is lower than the VWMA, it suggests a bearish trend. The VWMA takes into account both price and volume, providing a weighted average that can help identify shifts in market sentiment.
Multiple SuperTrends
Default value is 10 and 2 / 10 and 3
A bullish trend is identified when the price is above the SuperTrend indicator, whereas a bearish trend is observed when the price is below the SuperTrend indicator.
Camarilla Pivot Points (Level 3 and 4 only)
Levels 3 and 4 serve as crucial support and resistance levels, acting as the final line of defense against strong trends. These levels are expected to generate reversals, where price often changes direction.
CPR ( Central Pivot Points)
The Daily Central Pivot Point Indicator is a popular tool used in technical analysis. It calculates several levels based on the previous day's high, low, and closing prices.
Strong Volume
The user has the ability to set the average volume for Nifty and BankNifty indices to calculate strong volume.
Elder Impulse System
The Impulse System, developed by Alexander Elder and discussed in his book "New Trading for a Living," is a censorship trading system designed to determine whether a trade should be allowed or prohibited. Additionally, it can be used to identify when a trend is starting to weaken. The Impulse System relies on the following factors:
1. Slope of a Fast Exponential Moving Average (EMA): The fast EMA's slope reflects the price's inertia or momentum.
2. Slope of the Moving Average Convergence Divergence (MACD): The MACD's slope indicates the strength or power of the price movement.
Based on these factors, the Impulse System categorizes candles or price bars into three colors:
* Green Candle: When both the fast EMA and MACD are rising, indicating upward momentum.
* Red Candle: When both the fast EMA and MACD are declining, suggesting downward momentum.
* Blue Candle: In all other cases where the conditions for green or red candles are not met, representing a neutral or uncertain market condition.
By applying the Impulse System, traders can gain insights into the market trend, its strength, and potential shifts in momentum, helping them make informed trading decisions.
Happy Trading
