VWAP Bands - Event Based [LuxAlgo]This indicator returns VWAP bands with a degree of smoothness resetting based on various user-selected events. The bands are constructed using a VWAP based naive standard deviation.
The indicator can be anchored or start from the first bar and can be used as trailing support/resistance, in a moving average crossover system, or as source for external indicators.
Settings
Start: VWAP anchor point
Start At First Bar: Display the VWAP from the first bar instead of a specified anchor point
VWAP
Length: Controls certain characteristics of the user-selected event
Mult: Multiplicative factor for the VWAP standard deviation
Source: Price source of the indicator
Event
Event: Determines the event resetting the degree of smoothness of the VWAP
External Cross/Event: Input source used for external crosses/events
Further details about the available events are given below.
Details
Various event conditions are available to the users. When the selected event occurs, the VWAP equals the current closing price.
By default, the event is periodic, that is the VWAP resets periodically, with a period determined by the Length setting.
The Higher High event resets the VWAP when a new higher high occurs.
The Lower Low event resets the VWAP when a new lower low occurs.
The Trend Change event is similar however resets the VWAP only once a higher high or lower low occurs. Higher highs and lower lows are given by Donchian channels with a period determined by the Length setting.
The Start event reset the VWAP at the selected anchor point (or first bar if the "Start At First Bar" setting is selected). This can be useful if one only needs a regular anchored VWAP band indicator.
The External Cross event resets the VWAP when the Source price crosses the series selected in the External Cross/Event setting. In the image above the VWAP resets when the price crosses the volatility stop indicator.
The External Event resets the indicator when a series selected in the External Cross/Event setting is not equal to 0. This allows using a custom event in order to reset the VWAP. In the above example the VWAP is reset during a new session due to the External Session indicator.
M-VWAP
VWAP Multiple [Huntersull]This is a VWAP/Price multiple analysis, in the same vein as something like the Mayer multiple.
It finds the VWAP of price and volume starting at the bar you choose when initiating the script (You can also drag the starting point line on the chart to change it later), and calculates the running VWAP total for every following bar until the current bar.
It then takes the hlc3 of price for each bar and divides it by the VWAP value of that bar, giving a multiple over VWAP price.
This is then charted with your choice of an SMA, EMA, or WMA using VWAP as the source, and a default length of 200, which is also modifiable.
When VWAP is over the moving average, it is filled green. When VWAP is below the moving average, it is filled red.
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This is not meant to be a trading indicator, but a tool for general bull/bear market and trend analysis. Use at your own risk.
Koalafied VWAP D/W/M/Q/Y Volume Weighted Average Price (VWAP) for multiple periods with Standard Deviation band selection - Daily, Weekly, Monthly, Quarterly, Yearly
Central Pivot Ranges (CPR) & 3 x VWAP & BarcolorsThis Script Combines daily, weekly and monthly VWAP (Volume Weighted Average Price) with a intraday, daily, weekly and monthly CPR (Central Pivot Range) - which is considered by some traders as the bread and butter of the market for a reason. A combination of Multiple CPRs and VWAPs from different timeframes can provide you with interesting confluences that can give you more confidence in performing your trades.
CPR Features:
- The option to look at current or developing CPRs.
- A resolution selector for all 4 CPRs
- Options to hide and show Tops, Bottoms and Pivots separately
- Various Styling options
- Alerts
VWAP Features:
- 3 x preset VWAPs set to daily, weekly and monthly
- VWAP Lines from the daily O&C or H&L
- Previous VWAP for S/R
- Line Styling options
General Features:
- Barcolors by pivots crossed or daily, weekly and monthly VWAP.
- Barcolors by daily VWAP additionally contain an O and C check instead of just taking the price above or below the VWAP into consideration.
IDEAL BB with MA (With Alerts)It gives well combination of Moving average and Bollinger bands with signals
Swing VWAP Crypto and Stocks StrategyThis is a strategy designed for swing trading on markets such as crypto and stocks.
Its components are:
VWAP
Time Management
Risk management
Rules for entry:
We entry only on Monday, if our close of the candle crossed above VWAP
Rules for exit
We exit always on Sunday or if we either hit the TP/SL levels.
If you have any questions let me know
Anchored VWAP ClickIt calculates AVWAP set from a mouse click on a chart instead of having to edit a popup box, manually transferring date and time from the chart.
It's the Oct 2021 sample script from Tradingview to demonstrate their new chart interactive capabilities of Pine script.
www.tradingview.com
I take no credit for this, just noticed it wasn't in the Public Library.
This ability to accept OnMouse positional data from the chart, into an indicator has been needed in TV for a long time.
Glad to see they continue to grow the capabilities.
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.
Rolling EMAVWAP with Standard Deviation BandsThis is experimental code trying to implement exponentially decreasing weights over time in a simple VWAP.
Also i applied EMA rules when calculating the Standard Deviation Bands.
The script produces results from 1 candle.
There is an "log space" option to neutralize bands shifts when charting in log space - this gives the correct geometrically equal distances on both sides of the emaVWAP.
TemaVWAPRSI StrategyExchange: Kraken
Timeframe: 5m
Pair: ETH/USD
If you use this for any other exchange or pair, you'll have to tweak the settings, most importantly are the trailing stop ticks. This strategy is currently in what I would call beta mode. It uses the volume weighted average price indicator, rate of change, two triple exponential moving averages and the relative strength index to find buy and sell signals.
Auto Anchored Volume Weighted Average Price - Custom AVWAP
Based on Brian Shannon's AVWAP - This indicator anchors vwap to the highest high, lowest low and highest volume bar of a user defined lookback period.
In the chart example above on AVAX, the lookback period is set to 90 days
- The blue line depicts AVWAP from the highest bar in in the last 90 dats
- The purple Line is AVWAP from the lowest bar in the last 90 days
- The golden line is AVWAP from the highest volume bar in the last 90 Days
These levels act as a price magnet and strong levels of support and resistance. I use them to identify chart locations for where I want to do business and look for trade setups.
Unlike moving averages, AVWAP will maintain it's chart position no matter the chart resolution. One way to take advantage of this is to wait for price to get to one of these levels, go to lower timeframes and find low risk setups based on your trading strategy.
You can customise the look and feel and which anchors you want displayed. You can use multiple instances with varying lookback periods to display shorter and longer term levels simultaneously
Auto AVWAP (Anchored-VWAP)Anchored Volume Weighted Average Price (AVWAP)
Pioneered by Brian Shannon, an Anchored VWAP is the measure of the average price per share since a specific moment or event. It is found as a tool in TradingView in the same toolkit as Trend Lines.
This indicator uses a Stochastic RSI measurement to define when low and high points (support and resistance levels) have occurred and applies an 'anchor' to these points.
It progressively updates these anchor points as they change. The "Next" potential AVWAP values are also displayed. When a support level is raised or a resistance level is lowered the main AVWAP value is replaced by the "Next" value.
Default Configuration:
This indicator (unconventionally) uses the high and low values instead of the HLC3 values used by a typical VWAP calculation. This allows for what appears more like support and resistance than simply an average price. Simply uncheck this configuration value to see the difference.
Breakout alerts are triggered by the open value. Uncheck this setting to use the close.
Multiple Anchored VWAP [Morty]The Anchored VWAP (aVWAP) indicator ties VWAP calculations to a specific price bar chosen by the trader. Anchored VWAP allows you to specify the price bar where calculations begin, making it easy to see whether the bulls or bears have been in charge since a very specific point in time. The starting price bar that is chosen generally marks a shift in market psychology, such as a significant high or low, earnings, news, or other announcements. The Anchored VWAP line is charted using price and volume data from that significant event onward.
This indicator plots up to 4 aVWAP lines in the chart.
Features:
- plot up to 4 aVWAP lines
- custom start date of aVWAP
- custom line color
- optional label of starting price bar
- optional custom resolution
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锚定VWAP（aVWAP）指标将VWAP的计算与交易者选择的特定价格柱联系起来。锚定VWAP允许你指定计算开始的价格柱，使你很容易看到自一个非常具体的时间点以来，是牛市还是熊市在起作用。所选择的起始价格条通常标志着市场心理的转变，如一个重要的高点或低点、收益、新闻或其他公告。锚定VWAP线是使用从该重大事件开始的价格和成交量数据绘制的。
该指标在图表中最多绘制了4条aVWAP线。
特色:
- 绘制多达4条aVWAP线
- 自定义aVWAP的开始日期
- 自定义线的颜色
- 可选的起始价格条的标签
- 可选的自定义分辨率
Session/Day VWAP & Std Dev Bands/VWAP and Standard Deviation Bands for intra-day & Day sessions
/Intra-day sessions be default are set to crypto
- Asia session
- London Session
- New York Session
- Close Session
Day broken up into sessions as a 24 hour period consists of different market participants and therefore different behaviour.
VWAP oscillator [upslidedown]This VWAP oscillator showcases the percent difference between VWAP and current price within an oscillator centered on 0. My thesis for this indicator is that trend following within the threshold zone (defaulted to 1%) would be "choppy" but outside is a significant trend. Another way to think about VWAP is potential for taking profits, as price will always be magnetized back to the center.
I find this sort of visualization very helpful when creating strategies that revolve around a filter such as VWAP and wasn't able to find anything that was close and/or provided this sort of visualization publicly. Enjoy and let me know if you find this useful or can dream up an improvement.
Swing VWAP Weekly Stock and Crypto StrategyThis is a simple yet very efficient swing strategy designed for crypto and stock market, using big timeframes.
Its main component is VWAP weekly, so for best scenarios its better to use big timeframes such as 8h+.
The rules for entry are simple:
If our close if above vwap weekly we enter long .
If our close is below vwap weekly we enter short.
We exit from the trade, when a reverse condition than the entry one is triggered.
Because this strategy has no risk management inside, I recommend to be careful with it.
If you have any questions, let me know
[VJ] Viper VWAP IntradayHello Traders, this is a simple intraday strategy involving the ever reliable VWAP and a chop index to add twist to the traditional style . You can modify the values on the stock and see what are your best picks. Comment below if you found something with good returns
Strategy: VWAP based strategy but uses an additional powerful indicator Chop index to help us stay out of false trades.
Indicators used :
VWAP identifies the true average price of a stock by factoring the volume of transactions at a specific price point and not based on the closing price. VWAP can add more value than your standard 10, 50, or 200 moving average indicators because VWAP reacts to price movements based on the volume during a given period.
The Choppiness Index is designed to determine whether the market is choppy or trading sideways, or not choppy and trading within a trend in either direction. Using a scale from 1 - 100, the market is considered to be choppy as values near 100 (over 61.80) and trending when values are lower than 38.20)
Buying/Selling typically happens at VWAP Breakouts which is then validated with extreme CI to ascertain the entries
Aggressive trade stop can be employed by using the % for long and shorts in the strategy.
Usage & Best setting :
Choose a good volatile stock and a time frame - 10m.
CI Index : 14
Trend Factor - anything below 38.2 is considered in trend, you can experiment from 50
There is stop loss and take profit that can be used to optimise your trade
The template also includes daily square off based on your time.
TurboVWAPoscilOscillator based on VWAP and its standard deviations. It will display VWAP as a zero line and then an indicator line showing where price is in relation to VWAP expressed as Standard Deviation units.
This indicator is based on my awesome indicator TurboVWAP, so it shares most of its features:
- you can select whether you want a rolling or an anchored VWAP as basis.
- the VWAP will auto-set itself depending on the chart timeframe, so that it will be calculated based on the period you really want, not number of bars or similar.
- you can set the indicator to auto-set session start and end times for the session-anchored VWAP depending on the futures contract selected, so you don't need to mess with times.
[VJ] Mega Supertrend for IntradayThis is a simple intraday strategy for working on Stocks or commodities based out on Super Trend and intraday's best friend - VWAP . You can modify the start time and end time based on your timezones. Session value should be from market start to the time you want to square-off
Important: The end time should be at least 2 minutes before the intraday square-off time set by your broker
Comment below if you get good returns
Strategy: Tweaked Super trend with VWAP
Indicators used :
Super trend is simple and easy to use indicator and gives a precise reading about an on going trend.It is built with two parameters, namely period and multiplier.The Buy and Sell signal modifies once the indicator tosses over the closing price. When the Super trend closes above the Price, a Buy signal is generated, and when the Super trend closes below the Price, a Sell signal is generated. In this case we use it only for direction .
Multiplier is a vital input for Super trend. If the multiplier value is too high, then lesser number of signals is made.
Volume is important as we don’t want to get stuck with a stock which has few takers, even if you think it is priced attractively. Thus, the VWAP was created to take into account both volume as well as Price so that the potential trader would make the trading decision or not.
In simple terms, the Volume Weighted Average price is the cumulative average price with respect to the volume
Buying/Selling
when the closing price starts moving up/down and farther from the VWAP, there is pressure among the traders to sell/buy, a general belief kicks in that it might be that the stock is overvalued/undervalued .This is the time when we couple the Super trend to take our entries
Usage & Best setting :
Choose a good volatile stock and a time frame - 5m.
ST multiplier : 3
There is stop loss and take profit that can be used to optimise your trade
The template also includes daily square off based on your time.
QuickSilver Intraday using RSIThis is a simple intraday strategy using very basic intraday super indicators - RSI & VWAP for working on Stocks . You can modify the values on the stock and see what are your best picks. Comment below if you found something with good returns
Strategy:
Indicators used :
The Relative Strength Index (RSI) is one of the most popular and widely used momentum oscillators.The values of the RSI oscillator, typically measured over a 14-day period, fluctuate between zero and 100. The Relative Strength Index indicates oversold market conditions when below 30 and overbought market conditions when above 70
VWAP identifies the true average price of a stock by factoring the volume of transactions at a specific price point and not based on the closing price. VWAP can add more value than your standard 10, 50, or 200 moving average indicators because VWAP reacts to price movements based on the volume during a given period.
Buying happens at VWAP Breakouts which is then validated with RSI to check for overbought & oversold conditions.
Aggressive trade stop can be employed by using the % for long and shorts in the strategy.
Usage & Best setting :
Choose a good volatile stock and a time frame - 10m.
RSI : 9
Overbought & Oversold - can be varied as per user
There is stop loss and take profit that can be used to optimise your trade
Extending this to,
In general guidelines for RSI :
Short-term intraday traders (day trading) often use lower settings with periods in the range of 9-11.
Medium-term swing traders frequently use the default period setting of 14.
Longer-term position traders often set it at a higher period, in the range of 20-30.
The template also includes daily square off based on your time.
Multi Range Pivots
Multi Range Pivots works by recognizing the high and low of the timeframe selected and plotting range high to MEAN averages and range low to MEAN averages.
This is essentially the VWAP pivots updated to include not only VWAP as a MEAN, but also SMA, EMA, VWMA, DEMA, TEMA, TRIMA, KAMA, MAMA, T3, H/L basis and Donchian basis.
Also, with high and low no longer repainting, I was able to add true reliable signals.
Enjoy
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.
Stock trending strategy This is a long only strategy designed maily for stock markets and futures. In general it works best with 1h, however it can be optimized with other timeframes as well.
Components:
VWAP
MACD histogram
EMA 9
Rules for entry
Long :
For VWAP: close is above the vwap daily
EMA: close is above the moving average
MACD histogram is above 0
Short:
For VWAP: close is belowthe vwap daily
EMA: close is below the moving average
MACD histogram is below 0
Rules for exit
This strategy does not have any risk management inside. Instead it exits whenver it receives an opposite signal form the original one used for entry.
If you have any questions let me know !
