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DVWAP Spread -WinCAlgo
Dynamic VWAP Spread Oscillator
This indicator transforms the relationship between two adaptive VWAP curves into an oscillator format, making trend analysis more precise and intuitive.
What it shows:
Spread Value: The difference between Fast VWAP and Smoothed VWAP
Dynamic Coloring: Intensity increases as the spread moves away from zero
Zero Line: The neutral point where both VWAP curves converge
How to interpret:
Above Zero (Green): Fast VWAP > Smoothed VWAP → Bullish bias
Below Zero (Red): Fast VWAP < Smoothed VWAP → Bearish bias
Distance from Zero: Shows the strength of the current trend
Zero Crossovers: Potential trend change signals
📌 Usage Ideas:
Trend Filter: Take long trades only when oscillator is positive, shorts when negative
Momentum Gauge: Larger spread values indicate stronger trend momentum
Divergence Analysis: Look for divergences between price and oscillator for reversal signals
Overbought/Oversold: Extreme values may indicate potential mean reversion opportunities
Zero Line Bounces: Use zero line as dynamic support/resistance for entries
Parameters:
Period: Controls the lookback period for adaptive calculations
Adjustment Step: Fine-tunes the adaptive smoothing sensitivity
Fast Response: Adjusts how quickly the fast VWAP responds to price changes
Source: Price input for VWAP calculation (default: HLC3)
This indicator transforms the relationship between two adaptive VWAP curves into an oscillator format, making trend analysis more precise and intuitive.
What it shows:
Spread Value: The difference between Fast VWAP and Smoothed VWAP
Dynamic Coloring: Intensity increases as the spread moves away from zero
Zero Line: The neutral point where both VWAP curves converge
How to interpret:
Above Zero (Green): Fast VWAP > Smoothed VWAP → Bullish bias
Below Zero (Red): Fast VWAP < Smoothed VWAP → Bearish bias
Distance from Zero: Shows the strength of the current trend
Zero Crossovers: Potential trend change signals
📌 Usage Ideas:
Trend Filter: Take long trades only when oscillator is positive, shorts when negative
Momentum Gauge: Larger spread values indicate stronger trend momentum
Divergence Analysis: Look for divergences between price and oscillator for reversal signals
Overbought/Oversold: Extreme values may indicate potential mean reversion opportunities
Zero Line Bounces: Use zero line as dynamic support/resistance for entries
Parameters:
Period: Controls the lookback period for adaptive calculations
Adjustment Step: Fine-tunes the adaptive smoothing sensitivity
Fast Response: Adjusts how quickly the fast VWAP responds to price changes
Source: Price input for VWAP calculation (default: HLC3)
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.