VWAP RangeThe VWAP Range indicator is a highly versatile and innovative tool designed with trading signals for trading the supply and demand within consolidation ranges.
What's a VWAP?
A VWAP (Volume Weighted Average Price) represents an equilibrium point in the market, balancing supply and demand over a specified period. Unlike simple moving averages, VWAP gives more weight to periods with higher volume. This is crucial because large volumes indicate significant trading activity, often by institutional traders, whose actions can reflect deeper market insights or create substantial market movements. The VWAP is also often used as a benchmark to evaluate the efficiency of executed trades. If a trader buys below the VWAP and sells above it, they are generally considered to have transacted favourably.
This is how it works:
Multiple VWAP Anchors:
This indicator uses multiple VWAPs anchored to different optional time periods, such as Daily, Weekly, Monthly, as well as to the highest high a lowest low within those periods. This multiplicity allows for a comprehensive view of the market’s average price based on volume and price, tailored to different trading styles and strategies.
Dynamic and Fixed Periods:
Traders can choose between using dynamic ranges, which reset at the start of each selected period, and specifying a date and time for a particular fixed range to trade. This flexibility is crucial for analyzing price movements within specific ranges or market phases.
Fixed ranges allow VWAPs to be calculated and anchored to a significant market event, the beginning of a consolidation phase or after a major news announcement.
Signal Generation:
The indicator generates buy and sell signals based on the relationship of the price to the VWAPs. It also allows for setting a maximum number of signals in one direction to avoid overtrading or pyramiding. Be sure to wait for the candle close before trading on the signals.
Average Buy/Sell Signal Lines:
Lines can be plotted to display the average buy and sell signal prices. The difference between the lines shows the average profit per trade when trading on the signals in that range. It's a good way to see how profitable a range is on average without backtesting the signals. The lines will also often turn into support and resistance areas, similar to value areas in a volume profile.
Customizable Settings:
Traders have control over various settings, such as the VWAP calculation method and bar color. There are also tooltips for every function.
Hidden Feature:
There's a subtle feature in this indicator: if you have 'Indicator values' turned on in TradingView, you'll see a Sell/Buy Ratio displayed only in the status line. This ratio indicates whether there are more sell signals than buy signals in a range, regardless of the Max Signals setting. A red value above 1 suggests that the market is trending upward, indicating you might want to hold your long positions a bit longer. Conversely, a green value below 1 implies a downward trend.
Поиск скриптов по запросу "vwap"
VWAP and previous VWAP for Support & Resistance for D W MI overhauled my old multi timeframe VWAP script to make the VWAP OC-Check work for all timeframes. Now only one function is used to calculate the 3 preset VWAPs.
Previous VWAPS = the price where the last session closed sometimes work as Support and Resistance.
The OC-Check Mode theory examines if the VWAP from the Open is above or below the VWAP from Close
and if price is above or below normal VWAP (HLC3).
This way we have 4 states:
Red = Strong Downtrend
Orange = Weak Downtrend
Blue = Weak Uptrend
Green = Strong Uptrend
As always it is just a theory - nothing is set in stone regarding any indicator.
VWAP GapsTheory of untested previous VWAPs acting in similar way to nPOC, where agreed previous 'value' based on volume acts as a liquidity area to be retested.
Indicator shows
- User selected VWAP
- Untested previous VWAPs. The line will disappear once price crosses it's value
- Sweeps of previous VWAPs. Show by both bar colours and plotted arrows under different conditions.
Sweep Filters
1. Bull or Bear Bar (required for an arrow plot)
2. Sweep Conditions i.e. open below line, high above line, and close below line
3. If current VWAP is below/above the previous VWAP value.
All-In-One Auto Anchored VWAPsA chart isn't trendy without a VWAP (which stands for volume weighted average price).
This indicator allows you to choose 3 different anchored VWAPs, and customize the anchor period from one of many different options, including:
- Daily
- Weekly
- Monthly
- Quarterly
- Yearly
- All Time
- Specific Pivots
- Specific Sessions
You can then choose whether you want to anchor to the open, highest or lowest value within that period.
The indicator will automatically update every time a new anchor point is triggered. Every VWAP has colors and standard deviation bands as an optional setting.
As interest in the script grows I will continue to add new features.
VWAP Trendfollow Strategy [wbburgin]This is an experimental strategy that enters long when the instrument crosses over the upper standard deviation band of a VWAP and enters short when the instrument crosses below the bottom standard deviation band of the VWAP. I have added a trend filter as well, which stops entries that are opposite to the current trend of the VWAP. The trend filter will reduce total false breakouts, thus improving the % profitable while maintaining the overall returns of the strategy. Because this is a trend-following breakout strategy, the % profitable will typically be low but the average % return will be higher. As a rule, be sure to look at the average winning trade % compared to the average losing trade %, and compare that to the % profitable to judge the effectiveness of a strategy. Factor in fees and slippage as well.
This strategy appears to work better with the lower timeframes, and I was impressed with its results. It also appears to work on a wide range of asset classes. There isn't a stop loss or take profit built-in (other than the reversal signals, which close the current trade), so I would encourage you to expand on the strategy based on your own trading parameters.
You can toggle off the bar colors and the trend filter if you so desire.
Future updates to this script (or ideas of improving on it) might include a take profit level set at one standard deviation past the current level and a stop loss level set at one standard deviation closer to the vwap from the current level - or applying a multiple to the two based off of your reward/risk ratio.
About the strategy results below: this is with commissions of 0.5 % per trade.
VWAP with CharacterizationThis indicator is a visual representation of the VWAP (Volume Weighted Average Price), it calculates the weighted average price based on trading volume. Essentially, it provides a measure of the average price at which an asset has traded during a given period, but with a particular focus on trading volume. In our case, the indicator calculates the VWAP for the current trading symbol, using a predefined simple moving average (SMA) with a period of 14. This volume-weighted moving average offers a clearer view of the behavior of the VWAP and, of consequence of market dynamics.
One of the distinctive features of this indicator is its ability to provide a more "linear" representation of the data. This means that the data is "smoothed" to remove noise, allowing you to more easily identify the direction of the market trend. This smoother representation is especially useful because the financial market can be subject to significant fluctuations and volatility, and this indicator can help get a more stable view of the trend.
The indicator also offers a visualization of the market trend in a very intuitive way. Using an evaluation of the highs and lows of the last 10 days, determine whether the market is in an uptrend, downtrend, or no trend at all. To make this evaluation even clearer and more immediate, the indicator line is colored dynamically. When the trend is bullish, the line is blue, while in case of a bearish trend, it takes on a distinctive color, such as pink. If the trend is not defined, the line will be colored differently, for example light yellow. This coloration gives traders an immediate visual indication of the prevailing trend, allowing them to make more informed decisions regarding trading operations.
One potential strategy involves watching candles when they cross the VWAP line strongly. If, for example, a candlestick breaks above the VWAP line, we may look for retest areas near key support levels to gauge a potential long entry. In other words, we would consider that the price may have the potential to rise further after breaking above the VWAP line, and we would look to enter a long position to take advantage of this opportunity.
On the other hand, if a candlestick crosses below the VWAP line, we might consider looking for retest areas near the VWAP line itself, which now serves as potential resistance. This could indicate a possible short entry opportunity, as the price may struggle to break above the resistance represented by the VWAP line after breaking it down. In this case, we would look to take advantage of the expected continuation of the downtrend.
In both cases, the idea is to exploit significant movements across the VWAP line as signals of potential reversal or continuation of the trend. This strategy can help identify key entry points based on price behavior relative to the VWAP line.
Multi Deviation VWAP [OmegaTools]The Multi Deviation VWAP is an original variation of the traditional VWAP indicator, designed to enhance your trading experience by providing more precise market insights. While the conventional VWAP calculates a single price level based on volume and price over a given period, the Multi Deviation VWAP goes a step further by introducing dynamic upper and lower bands that adapt to market conditions. These bands give traders a more comprehensive understanding of volatility and price action, making it an ideal tool for various trading strategies, especially for identifying potential price reversals or trend continuations.
Key Features:
Separate Calculation of Deviation Bands:
Unlike traditional VWAP bands, where both the upper and lower bands are symmetrically calculated using a single deviation value, the Multi Deviation VWAP calculates the deviations independently for the upper and lower bands. This allows for a more accurate reflection of market dynamics.
The upper deviation band is based on the average distance of closing prices above the VWAP, while the lower deviation band considers the average distance of closing prices below the VWAP.
This separation provides a more tailored approach, adapting to whether the market is showing bullish or bearish momentum, as opposed to a fixed, equal deviation in both directions.
Internal and External Bands:
Two sets of deviation bands are plotted: Internal Bands and External Bands, controlled by user inputs (factorone for internal and factortwo for external). These bands offer multiple levels of support and resistance based on market volatility.
The Internal Bands are closer to the VWAP and act as the first level of support/resistance, suitable for short-term or tighter trading ranges.
The External Bands are further from the VWAP and capture more significant market swings, useful for identifying larger trends or setting wider stop-losses.
Timeframe Flexibility:
The indicator allows traders to select the desired timeframe (1D by default) over which the VWAP and its deviation bands are calculated. This flexibility enables users to adapt the indicator to different trading styles, from intraday scalping to longer-term trend analysis.
Visual Enhancements:
Bullish and Bearish Colors: The bands are color-coded for quick visual interpretation. Bullish bands (lower deviations) are colored blue, while bearish bands (upper deviations) are colored red, making it easy to differentiate between market conditions at a glance.
Plot Fill: The area between the internal and external bands is shaded, providing clear visual zones of potential price containment, aiding in understanding the market structure and anticipating price movements.
How It Differs from a Standard VWAP:
Traditional VWAP provides a single price line that represents the volume-weighted average price over a given period, often used to identify general price trends.
In contrast, the Multi Deviation VWAP introduces upper and lower bands calculated separately based on price deviations above and below the VWAP, giving a more nuanced view of market volatility.
Symmetrical bands in traditional VWAP may not always accurately reflect the market's true behavior, especially in trending markets, where upward and downward price movements aren't always equal. By splitting the deviation calculations, this tool provides a more dynamic and realistic view of price action, adapting to whether the market is showing stronger upward or downward pressure.
Use Cases:
Trend Identification: The VWAP line acts as a central trend line, while the deviation bands offer levels of potential support and resistance. When price moves beyond the external bands, it may indicate overextension and potential reversal.
Volatility Trading: Traders can use the internal and external bands to set dynamic take-profit or stop-loss levels, allowing for flexible risk management depending on market conditions.
Range Trading: In consolidating markets, the Multi Deviation VWAP can help traders identify optimal buy and sell zones as the price oscillates between the upper and lower bands.
By incorporating independent deviation bands, this indicator provides traders with a more responsive tool that reflects market behavior more accurately, helping them make informed trading decisions with enhanced precision.
VWAP with Trend Alerts [CrossTrade]The VWAP with Trend Alerts indicator is designed to provide a comprehensive visual and analytical tool for traders using the Volume Weighted Average Price (VWAP) along with additional features like custom bar coloring and trend-based signal alerts.
Key Components and Functionalities:
1. VWAP Calculation: The core of this indicator is the VWAP, which represents the average price of an asset, weighted by volume. It's a popular tool among traders to identify the general direction and strength of a trend, and for assessing entry and exit points.
2. Standard Deviation Bands: Surrounding the VWAP are multiple bands calculated based on standard deviation values. These bands serve as dynamic support and resistance levels. The script allows up to three bands, each with customizable multipliers, giving insights into price volatility and potential breakout or reversal points.
3. Bar Coloring Options:
- Color All Bars: When enabled, all bars on the chart are colored based on whether they close above (green) or below (red) the VWAP.
- Trend Bars Only: This option, when selected, colors only the bars that close beyond the second standard deviation band. It helps in identifying stronger trends and significant market movements.
4. Buy and Sell Signal Conditions: The script includes conditions for buy and sell signals specifically tailored for trend bars. A buy signal is generated when a bar closes above both the VWAP and the upper second standard deviation band, indicating a potential strong uptrend. Conversely, a sell signal is triggered when a bar closes below both the VWAP and the lower second standard deviation band, suggesting a strong downtrend.
5. Alert Conditions: To aid in timely decision-making, the script features alert conditions corresponding to the buy and sell signals.
Usage and Application:
- For Trend Identification: The VWAP and its bands can help identify the prevailing market trend. Bars closing consistently above the VWAP suggest an uptrend, while those closing below indicate a downtrend.
- Volatility Assessment: The standard deviation bands provide a visual representation of market volatility. Narrower bands suggest low volatility, while wider bands indicate high volatility.
- Signal Alerts for Trading: The buy and sell signals, especially those filtered by the trend bars condition, can be valuable for traders looking for strong movement confirmations.
Flexibility and Customization:
This indicator is highly customizable and builds off of the core logic found in standard VWAP indicators. By allowing traders to adjust the standard deviation multipliers and choose their preferred bar coloring strategy. It caters to various trading styles, whether focusing on the broader market trend or pinpointing significant trend-based movements.
Multi-Day VWAP V2Updated from V1.
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, and 5 days.
Version 2 includes the closing VWAP for the previous day. There are enough instances where the price chooses to bounce from the previous day's closing VWAP value that it is worth discussing. Usually this value is at or near the daily pivot, but sometimes not. Circled in the chart are some areas of recent SPY bounces on the previous day's closing VWAP.
It seems that when the 5-Day VWAP and normal VWAP have "enough" percentage separation, that there can be good intraday swing opportunities using bounces off VWAP indicators. This is similar to waiting for Hourly/Daily/Weekly/Monthly/etc pivots to have "enough" separation to allow for swing setups. When pivots are "closely" spaced, odds are the price is range bound for the time period (daily range in the case of day pivots, etc).
Previous closing VWAPs can be plotted for all 5 of the original. As with my other scripts, I welcome all comments to spark new ideas that we can all benefit from.
Enjoy.
Anchored VWAP Hand-OffBrian Shannon's "VWAP hand off" strategy, Has been my "go to" for some time now. Version 5 makes this much easier, with drag and drop placement.
When price taps the base anchored VWAP, a second VWAP is plotted at that point. When price taps the second, a third is plotted, and so on.
Each consecutive VWAP can be used to identify trend and future pivot points as trend continues.
IF the VWAPS look messy, price action is choppy and a trend hasnt yet started.
VWAP Band TrendThis indicator combines two features: VWAP bands for range trading and trends for trend-following.
The white bands offer support/resistance levels ideal for range trading: short when rejecting off the upper band, long when rejecting off the lower. Take profit either when hitting the (faint gray) midline and/or when hitting the band on the far side.
The trend analysis shows green or red ranges above or below the bands to indicate trend strength - larger swaths of green or red indicates strong trend while shorter swathes indicate weak. If the upper trend color doesn't match the lower trend color, the trend is undecided or transitioning.
Optionally, trend initiation indicators can be turned on to show above/below candles where a trend switch is taking place.
Volume Weighted Average Price (VWAP) with Extras [starlord_xrp]This script builds on the standard VWAP buy adding anchor selections for new High, new Low, and for extreme price moves (Percent Change) that can be significate anchor points for the VWAP. The Percent Change is based on "% Price Change" by OrganicPunch and uses a percentage threshold that can be set in the settings.
VWAP Stdev Bands Multi Time Frame SBTCProviding a useful update to Vwap STDEV bands, including multi timeframe functionality. Shown above is monthly VWAP Stdev Bands.
VWAP LEVELS [PRO]32 VWAP levels with labels and a table to help you identify quickly where current price is in relation to your favorite VWAP pivot levels. To help reduce cognitive load, 4 colors are used to show you where price is in relation to a VWAP level as well as the strength of that respective level. Ultimately, VWAP can be an invaluable source of support and resistance; in other words you'll often see price bounce off of a level (whether price is increasing or decreasing) once or multiple times and that could be an indication of a price's direction. Another way that you could utilize this indicator is to use it in confluence with other popular signals, such as an EMA crossover. Many traders will wait till a bar's close on the 5m or 10m time frame above a VWAP level (developing 1D VWAP would be a popular choice) before making a decision on a potential trade especially if price is rising above the 1D VWAP *and* there's been a recent 100 EMA cross UP of the 200 EMA. These are 2 bullish signals that you could look for before possibly entering in to a trade.
I've made this indicator extremely customizable:
⚡Each VWAP level has 2 labels: 1 "at level" and 1 "at right", each label and price can be disabled
⚡Each VWAP label has its own input for label padding. The "at right" label padding input allows you to zoom in and out of a chart without the labels moving along their respective axis. However, the "at level" label padding input doesn't work the same way once you move the label out of the "0" input. The label will move slightly when you zoom in and out
⚡Both "current" and "previous" VWAP levels have their own plot style that can be changed from circles, crosses and lines
⚡Significant figures input allows you to round a price up or down
⚡A price line that allows you to identify where price is in relation to a VWAP level
⚡A table that's color coded the same way as the labels. The labels and table cells change to 1 of 4 colors when "OC Check Mode" is enabled. This theory examines if the VWAP from the Open is above or below the VWAP from Close and if price is above or below normal VWAP (HLC3). This way we have 4 states:
Red = Strong Downtrend
Light Red = Weak Downtrend
Light = Weak Uptrend
Green = Strong Uptrend
Something to keep in mind: At the start of a new year, week or month, some levels will converge and they'll eventually diverge slowly or quickly depending on the level and/or time frame. You could add a few labels "at level" to show which levels are converging at the time. Since we're at the beginning of a new year, you'll see current month, 2 month, 3 month etc converge in to one level.
🙏Thanks to (c)MartinWeb for the inspiration behind this indicator.
🙏Thanks to (c)SimpleCryptoLife for the libraries and code to help create the labels.
VWAP RollingThis indicator, referred to here as "VWAP Rolling," is a technical tool designed to provide insight into the average price at which an asset has traded over a specified rolling period, along with bands that can indicate potential overbought or oversold conditions based on standard deviations from this rolling VWAP.
Purpose and Utility:
The indicator's primary purpose is to track the volume-weighted average price (VWAP) over a specified period, typically 20 bars in this script. The VWAP Rolling is particularly useful in assessing the average price level at which a security has been traded over the recent history, incorporating both price and volume data. This can help traders understand the prevailing market price in relation to trading volume.
Advantages:
1. Dynamic Average: Unlike fixed VWAP indicators that calculate over a specific session, the rolling VWAP adapts to recent price and volume changes, offering a more responsive and dynamic average.
2. Volume Sensitivity: By weighting prices by volume, the rolling VWAP gives more importance to periods with higher trading activity, providing a clearer picture of where significant trading has occurred.
3. Standard Deviation Bands: The inclusion of standard deviation bands (configurable as 1x and 2x deviations in this script) around the rolling VWAP adds a layer of analytical depth. These bands can serve as potential areas of support and resistance, highlighting deviations from the mean price.
Singularization and Interpretation:
The VWAP Rolling indicator is singularized by its ability to adapt to changing market conditions, offering a dynamic representation of the average price level influenced by volume. To use and interpret this indicator effectively:
• Rolling VWAP Line: The main line represents the rolling VWAP. When this line trends upwards, it suggests that recent trading has been occurring at higher prices weighted by volume, indicating potential bullish sentiment. Conversely, a downtrend in the rolling VWAP may indicate bearish sentiment.
• Standard Deviation Bands: The upper and lower bands (configurable as 1x and 2x standard deviations from the rolling VWAP) are used to identify potential overbought or oversold conditions. A price crossing above the upper band may indicate overbought conditions, signaling a potential reversal or correction downwards. Conversely, a price crossing below the lower band may suggest oversold conditions, potentially signaling a bounce or reversal upwards.
• Band Interaction: Watch for interactions between price and these bands. Repeated touches or breaches of the bands can provide clues about the strength of the prevailing trend or potential reversals.
Interpretative Insights:
• Trend Confirmation: The direction of the rolling VWAP can confirm or contradict the prevailing price trend. If the price is above the rolling VWAP and the VWAP is rising, it suggests a strong bullish sentiment. Conversely, a falling rolling VWAP with prices below might indicate a bearish trend.
• ean Reversion Signals: Extreme moves beyond the standard deviation bands may signal potential mean reversion. Traders can look for price to revert back towards the rolling VWAP after such deviations.
In summary, the VWAP Rolling indicator offers traders a flexible tool to gauge average price levels and potential deviations, incorporating both price and volume dynamics. Its adaptability and standard deviation bands provide valuable insights into market sentiment and potential trading opportunities.
VWAP 8EMA Crossover Scalping IndicatorWhy?
Everybody, especially in Indian context, from 9:15 AM to 3:30 PM, wants to trade in BankNifty.
And even 15m is Too Big timeframe for The Great Indian Options buyers. Everyone knows how potentially BankNifty (& FinNifty on Tuesday and Sensex on Friday) can show dance within 15m.
So there always been an overarching longing among traders to have something in shorter timeframes. And this 5m timeframe, looks like a universally (sic) accepted Standard Timeframe for Indian Options traders.
So here is this.
What?
The time we are publishing this public indicator Indian market (Nifty) is in ATH at ~22200.
In any such super trending market it's always good to wait for a dip and then in suitable time, enter the trade in the direction of the larger trend. The reversal trading systems, in such a situation, proves to be ineffective.
Of course there are time when market is sideways and keeps on oscillating between +/2 standard deviation of the 20 SMA. In such a situation the reversal play works perfectly. But not so in such a trending market.
So the question comes up - after a dip what's the right point to enter.
Hence comes the importance of such a crossover based trading system.
In this indicator, it's a well-known technique (nothing originally from ours, it's taken from social media, exact one we forgot) to find out the 8EMA and VWAP crossover.
So we learned from social media, practice in our daily trading a bit, actuate it and now publishing it.
A few salient points
It does not make sense to jump into the trade just on the crossover (or crossunder).
So we added some more sugar to it, e.g. we check the color the candle. Also the next candle if crosses and closes above (or below) the breakout candle's high/low.
The polarity (color) of both the alert (breakout/breakdown) and confirmation candle to be same (green for crossover, red from crossunder).
Of course, it does provider BUY and SELL alerts separately.
These all we have found out doing backtesting and forward testing with 1/2 lots and saw this sort of approaches works.
Hence all of these are added to this script.
Nomenclature
Here green line is the 8EMA and the red line is the VWAP.
Also there is a black dotted line. That's 50 EMA. It's to show you the trend.
The recent trade is shown in the top right of the chart as green (for buy) or red (for sell) with SL and 1:1 target.
How to trade using this system?
This is roughly we have found the best possible use of this indicator.
Lets explain with a bullish BUY positive crossover (means 8EMA is crossing over the daily VWAP)
Keep timeframe as 5m
Check the direction/slope of the black dotted line (50 EMA). If it's upwards, only take bullish positions.
Open the chart which has the VWAP. (e.g. FinNifty spot or MidcapNifty spot does not have vwap). So in those cases Future is the way to go.
Wait for a breakout crossover and let the indicator gives a green, triangular UP arrow.
Draw a horizontal line to the close of that candle for next few (say 6 candles i.e. 30m) candles.
Wait for the price first to retest the 8EMA or even better the VWAP (or near to the 8EMA, VWAP)
Let the price moves and closes above the horizontal line drawn in the 4th step.
Take a bullish trade, keeping VWAP as the SL and 1:1 as the target.
Additionally, Options buyer can consult ADX also to see if the ADX is more than 25 and moving up for the bullish trade. (This has to be added seperately in the chart, it's not a part of the indicator).
Mention
The concept we have taken from some social media. Forget exactly where we heard this first time. We just coded it with some additional steps.
Statutory Disclaimer
There is no silver bullet / holy grail in trading. Nothing works 100% time. One has to be careful about the loss (s)he can bear in case of the trade goes against.
We, as the author of this script, is not responsible for any trading or position decision one is taken based on the outcome of this.
It is our sole discretion to change, add, delete the portion or withdraw the whole script without any prior notice or intimation.
In Indian Context: We are not SEBI registered.
VWAP Bollinger BandsWhat makes this different from vwap bands / bollinger bands?
This indicator takes a bit of inspiration from bollinger but instead of utilizing built in pine script std dev that uses simple moving average internally, this version replaces that with vwap.
Also instead of traditional bollinger band basis of 20 period simple moving average, the basis here for the bands is the vwap.
How to use it?
Usage is similar to vwap itself, though the standard deviation bands will expand and contract like normal bollinger bands instead of vwap bands that just widen as the market movement continues. The bands tell a slightly different story from bollinger bands as the underlying data utilized is the vwap itself.
Which markets is this meant for?
Any market.
What conditions?
This aids in finding conditions of entry standard to vwap, but the bands could give key areas of focus for entries and exits better than standard bollinger bands or vwap bands.
Nubia - Auto Midas Anchored VWAP [xdecow]This indicator looks for the highs and lows using the highest / lowest of 4 different periods. The default values are 17, 72, 305 and 1292 inspired by BO Williams phicube fractals.
The indicator will show anchored vwaps from those 8 dynamic points (4 tops and 4 bottoms).
A true trend is defined when 4 fractals line up without much opposite resistance (only the two smallest opposing vwaps).
When the price is between several vwaps it is a sign of consolidation or pullback. You can use larger timeframes to check for possible targets in large consolidations and pullbacks.
Multi-Timeframe VWAPShows the Daily, Weekly, Monthly, Quarterly, and Yearly VWAP.
Also shows the previous closing VWAP, which is usually very near the HLC3 standard pivot for the previous time frame. i.e. The previous daily VWAP closing price is usually near the current Daily Pivot. Tickers interact well with the previous Daily and Weekly closing VWAP.
Enabling the STDEV bands shows 3 separate standard deviation levels, defaulted at 1, 2, and 3. The lookback period for the bands is always changing with each new bar, since the standard deviation is calculated from the current bar to the beginning of the period. This is different from bollinger bands, as the lookback is constant (usually 20 periods is the textbook default).
The STDEV bands interval of interest can be changed from Day (D), Week (W), Month (M), Quarter (Q), Year (Y).
Tickers tend to bounce very well on Daily, Weekly, and Yearly VWAP (Yes... Year). Use this code and observe the Year VWAP on several major symbols through the past few years and eyes will be opened.
SMA, VWAP with Buy/Sell Signals - First Signal OnlyIndicator: SMA, VWAP with First Buy/Sell Signals
Overview:
This indicator plots two Simple Moving Averages (SMA 20 and SMA 200) and the Volume-Weighted Average Price (VWAP) on the chart, with fully customizable colors and line thickness. Additionally, it provides buy and sell signals based on the price action relative to these indicators.
Buy Signal:
A buy signal is generated when a green candle (bullish candle) closes above the SMA 20, SMA 200, and VWAP without touching them (i.e., the low of the candle is above all three). This signal will only be plotted for the first such candle of the day to avoid signal clutter.
Sell Signal:
A sell signal is generated when a candle closes below the SMA 20, SMA 200, and VWAP without touching them (i.e., the high of the candle is below all three). Similar to the buy signal, it will only be plotted for the first qualifying candle of the day.
Customization:
SMAs and VWAP: Users can adjust the lengths, colors, and line thickness of the SMAs and VWAP to suit their preferences.
Signal Shape: You can choose from different shapes (arrow, circle, or cross) to represent the buy and sell signals on the chart.
Key Features:
First Candle Only: Both buy and sell signals are generated only for the first candle that satisfies the conditions, ensuring clean and actionable signals.
Visual Customization: Full control over the appearance of the indicator, including signal shapes and line properties.
Works Across Assets: This indicator is applicable to any asset (stocks, forex, crypto) where price action relative to moving averages and VWAP is important.
Mike's VWAP Pop/Crack StratWill signal based on the VWAP Pop and Crack strategy. You can change the time frame -- default is set to current chart -- to 5 minute if you wish to use 5 minute alerts on a 1 minute, 15-second, etc. chart.
VWAP + EMA Analysis [Joshlo]Overview and Use Case
VWAP Analysis gives the possibility to combine multiple time frames of VWAP along with a triplet of exponential moving averages. This can provide insight into potential scalp, swing and longer term trades, depending on your time frame. The use of this indicator with it's setup is based off the the Scalp Setup Alerts provided by Roensch Capital.
The primary use for this script is to help with intraday scalp set ups. Using the Daily VWAP, turned on by default, we can look for price to respect and bounce from one of the VWAP lines (support or resistance) back toward equilibrium, we can also look for price to bounce off of equilibrium and move back toward VWAP support or resistance.
The chart attached shows AMD bouncing off of the Daily time frame VWAP Resistance level multiple times (see yellow boxes), often with confirmation given by an increase in volume which is often far higher than the average volume. In many of these cases a short position could've been opened or put option could have been placed with a profitable outcome.
Every line projected onto the chart via this indicator has the potential to create support or resistance as well as causing 'hang ups', meaning price loses it's momentum, slows down and hangs out in the particular area. This is shown on the chart within the green box.
Chart walkthrough - See attached chart
After a rejection off of the Daily VWAP Resistance line (depicted by the white circle), price starts to move back toward Daily VWAP Equilibrium. In order to reach this line, price needs to move through the 20EMA (white) and 50EMA (purple), the Weekly VWAP Resistance (red circles) and the 200EMA (orange). All of these lines are a part of this single indicator.
The 20EMA seems to offer little resistance but follows the price on it's move, offering some resistance to a volatile move upward. Initially upon contact with the 50EMA, price hangs up and bounces above and below the line whilst finding support on the Weekly VWAP Resistance at the same time. This causes a 'hang up' or sideways movement for around 20 minutes of trading. A potential trade may have entered at the white circle with a VWAP Resistance rejection and exited upon contact with the 50EMA in anticipation of multiple EMAs and support / resistance lines converging which is known to cause price movement to slow.
Eventually with an increase in volume, price breaks below the 20EMA (white), 50EMA (purple) and the Weekly VWAP Resistance level (red circles). Price then finds support on the 200EMA (orange), although there was potential for the price to fall to the Daily VWAP Equilibrium (solid blue). As the Red VWAP lines tend to act more often as resistance as opposed to support (price is rarely above these lines for extended periods), the trade from earlier may have profited more by awaiting contact with the 200EMA before exiting, taking the assumption that the Weekly VWAP Resistance was more likely to act as resistance than support.
A period of consolidation in the green box, around the Weekly VWAP Resistance, 20EMA, 50EMA and with support from the 200EMA eventually resulted in another break out where the price came back up to the Daily VWAP Resistance. Prior to the end of this trading day, there were two more opportunities for scalp setups based off of the price showing consistent rejections off the Daily VWAP Resistance back down to the 50EMA.
In the final example, price breaks above the Daily VWAP Resistance but quickly rejects off of the Monthly VWAP Resistance. For examples where the VWAP Resistance or Support or broken, it can help to look at an indicator such as the RSI to look for bullish divergence or bearish divergence.
Just as this example shows bounces and rejection off of VWAP Resistance, the same applies around the Equilibrium and Support VWAP lines.
The perfect scenario would be to find a ticker where there has already been two or three bounces off of one of these levels, with the goal of taking the trade on the next bounce and either using a percentage price target or technical price target based off of the EMAs or VWAP lines. If there are EMAs close in the direction you want to take the trade, there is a higher chance of hang ups and reversals, so a clear run is the more desired trade set up.
You can also look for these indicator lines to stack up in order to form a stronger support and resistance. For example the 200EMA and Daily VWAP Equilibrium being close to each other may suggest it would take more of an effort to break both of these levels, but one by itself may break more easily.
Indicator Setup
In the settings for the indicator, almost everything you might want to change can be done from the Input tab.
The three options for VWAP (daily, weekly and monthly) allow for analysis on multiple time frames. Daily is turned on as standard.
Standard Deviation Multiplier is set to 2 as standard, this effects the distance of the VWAP support and resistance from the equilibrium line. This seems to be a level that works well with finding support and resistance lines, however if there is excessively high or low volume, occasionally the lines can be thrown off. You can adjust this level if required to find a 'sweet spot' where price likes to reject or find support.
The colors for all VWAPs can be adjusted via the Inputs tab, however if you'd like to change the type of line these are depicted as, this can be done from the Styles tab.
The 3 EMAs (20, 50 and 200) can be toggled on or off and also have their color changed. The style of the lines can be adjusted from with the Styles tab if required.
VWAP Bollinger Band Crossover Breakout with ResistanceCredit to © Jesus_Salvatierra for VWAP script
This script help you find a trend in momentum stock that is about to breakout and shows resistance point. This script utilizes Bollinger bands VWAP and is good for intra day charts.
VWAP, or Volume Weighted Average Price, is a technical analysis tool used to measure the average price a security trades at during a given time period, weighted by the trading volume for each price level. It is commonly used by traders and investors to identify the true average price of a security and to assess whether they are buying or selling at a fair price.
A Bollinger Band is a technical analysis tool that uses standard deviation to measure the volatility of a security. The Bollinger Band is typically composed of three lines: the upper band, the lower band, and the middle band. The middle band is a simple moving average of the security's price, while the upper and lower bands are calculated based on the standard deviation of the security's price.
A Bollinger Band crossover occurs when the price of a security crosses above or below one of the bands. When the price crosses above the upper band, it is considered overbought, while when it crosses below the lower band, it is considered oversold. Traders often use Bollinger Band crossovers as a signal to enter or exit a position, depending on their trading strategy.
The VWAP and Bollinger Band crossover are two separate technical analysis tools that can be used in conjunction with each other. When a security's price crosses above or below the Bollinger Band, traders may look to the VWAP to confirm whether the security is trading at a fair price. If the security is trading above the VWAP, it may be overvalued, while if it is trading below the VWAP, it may be undervalued. Similarly, traders may use the Bollinger Band crossover as a signal to enter or exit a position, while also taking into account the VWAP to assess whether the price is fair.
