Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Descrição
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Hello guys,
another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce.
How does it work?
The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be plotted. The idea behind it is, that those gaps get filled at some point in time. You can control how big a VWAP movement ("gap") has to be with the "VWAP Movement %"-setting. Also, you can adjust the style of the level.
If you find this indicator useful, please leave a "like" and hit that "follow" button :)
it look great,thank you for share your code,i do have two suggestions for you. hope it can make this indicator more perfect.
1.can you add alert for this when close crossover or crossunder of that line
2.can you add new label for each line,so we can see the eachline value
i am not so familiar with tradingview new label function, hope you can add those two function to
it,really appreciate it
TurboTricks
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I would love to see a combination of this and your 'Lookback Level' script, basically just adding the ability to remove the level once it has been tested, I currently draw these myself using a Volume Profile showing POC line, so whenever the POC has not been re-tested the next day, etc. create a box around it extending forwards, however this can only be done on intraday timeframes, so currently will use 1hr and 4hr and mark accordingly, believe a daily VWAP would be even more beneficial, as it is even more likely to be re-tested, but don't like 'messy' charts and would want it to disappear after it has been tested. Thank you for your work, I have enjoyed using several of your scripts.
RameshAkula
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Thanks much for this indicator, it's enabled and can see the deatils on crypto. But when I apply on stocks , cant see anything. Could you please help if I have change anything in the indicator
1.can you add alert for this when close crossover or crossunder of that line
2.can you add new label for each line,so we can see the eachline value
i am not so familiar with tradingview new label function, hope you can add those two function to
it,really appreciate it