Duyck

Double Vwap - JD

This indicator (The "Volume-Volatility weighted Average Price" or "Double Vwap") gives an alternative to the well known standard VWAP line with some special sauce .


The standard VWAP sometimes lags on big price moves, when there's not much volume "underneath them".

This indicator tries to combat that by adding the option to weigh in large price moves in the calculation, even without large volume ,
and can give you faster targets after big "pumps" and "dumps".


Enjoy!
JD .

#nottradingadvice
#DYOR
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Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
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Comentários

I would use this version over the standard Vwap, great job.
Resposta
Hi , it is showing only one Vwap line plz help ... sir
Resposta
Duyck VIVEK009
@VIVEK009, Hi, for he chart I added the indicator 2 times.

One time to show the normal vwap, and one time to show it with the volatility weighting added,µ
so you an see the difference.

So if you want both lines to show you can either add the indicator 2 times or you can quite easily add a second plot in the script.

Gr, JD.
+1 Resposta
Great chart.thanks
Resposta
Duyck Susanferguson
Resposta
Excellent Analysis And very well explained..interesting things
Resposta
Duyck MattFrederick
@MattFrederick, Thanks for the feedback.

Gr, JD.
Resposta
interesting .. but why have the option do_tr and the 2 functions if we only ever use one of them?
Resposta
Duyck RedKTrader
@RedKTrader, hi, just if you want to put the Vwap on your chart, to be able to quickly switch between the normal version and the double vwap.

Essentially to Let you switch between the two to give a better and fast idea of the difference.
So mostly to test it out!

Of course if you use it in other scripts, the second (fixed) version is enough!

Gr, JD.
Resposta
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