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[PX] VWAP Gap Level

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 :)

Have fun and happy trading :)))
Demand ZonelevelLINESupply ZonesupportSupport and ResistanceTrend AnalysisVolume Weighted Average Price (VWAP)

Skrip sumber terbuka

Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?


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