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VWAP Spider

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The VWAP Spider indicator enhances the conventional Volume Weighted Average Price (VWAP) analysis by anchoring it to the first candle and incorporating an extensive series of standard deviation (SD) lines, extending up to +8 SDs with additional half-step increments. This configuration provides a more suitable set of lines for identifying support and resistance, distinguishing it from existing VWAP and SD indicators. Its design, featuring color gradients for fills and distinct labels for each line, aims to improve the utility and user experience.

Optimal Timeframes:
It is recommended for use on weekly or monthly resolutions to ensure all price and volume history is included.

Distinctive Features:
  • The indicator includes a more extensive array of SD lines than typically found in VWAP indicators, enhancing the depth of market analysis.
  • The visual presentation is optimized with color gradients and clear labeling, facilitating ease of use and integration into trading strategies.


Practical Use of the VWAP Spider:
  • SD Lines as Support and Resistance: Observe the interactions between the price and the SD lines closely. These can serve as dynamic support and resistance indicators, influencing trading decisions.
  • Analyzing Historical Price Action: Investigate how the price has historically interacted with the SD lines. Identify which lines have frequently acted as support and resistance in the past, as they will often continue to be revisited.
  • Strategic Application: Leverage insights from the interactions between price and SD lines to fine-tune entry and exit points. For example, a rebound from an SD line may suggest a strong entry point, while breaching an SD line could indicate a potential exit.


This indicator is freely available and open-source on TradingView for all. It is designed to help traders enhance their market analysis and strategic decision-making.
Nota Keluaran
Applied fix so that the standard deviation lines start on the first candle instead of the second.
Added the option for users to customize the VWAP line color.
Nota Keluaran
Minor visual enhancements & chart image update.
Nota Keluaran
Added labels to prior price action for easy identification.
Nota Keluaran
Removed the additional labels as they were causing issues.
Enabled all resolutions instead of just daily and above.
Nota Keluaran
  • Updated to Pinescript v6
  • Volume-weighted the standard deviation lines
  • Increased the bullish standard deviations lines to 10 to work for stocks like AAPL and NVDA

Skrip sumber terbuka

Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.

Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

ChartingCycles
Juga pada:
Standard DeviationSupport and ResistanceVolume Weighted Average Price (VWAP)

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Standard DeviationSupport and ResistanceVolume Weighted Average Price (VWAP)

Skrip sumber terbuka

Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.

Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

ChartingCycles
Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.