PROTECTED SOURCE SCRIPT
Colored VWAP and Barcolor
This indicator plots the Volume Weighted Average Price (VWAP) as well as changes the bar color if the current price is above or below VWAP, for quick visual reference.
Background Information
Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend."
About the Indicator
This indicator changes the VWAP line color and bar color based on the current price.
Bar Color
Background Information
Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend."
About the Indicator
This indicator changes the VWAP line color and bar color based on the current price.
Bar Color
- Bullish Up Candle Color = Current price is above VWAP and the close of the candle was greater than the open.
- Bullish Down Candle Color = Current price is above VWAP and the close of the candle was less than the open.
- Bearish Up Candle Color = Current price is below VWAP and the close of the candle was greater than the open.
- Bearish Down Candle Color = Current price is below VWAP and the close of the candle was less than the open.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.