Haruto Rolling Vwap

Description:

This indicator provides a unique and powerful perspective on market trends by calculating a true "rolling" or "moving" Volume-Weighted Average Price (VWAP).

Unlike traditional session VWAPs that reset daily or weekly, this tool functions like a moving average. It offers a continuous, smoothed representation of the volume-weighted fair value over a specified time duration (e.g., the last 30 days). This is perfect for traders who want to identify longer-term dynamic support and resistance levels that are confirmed by trading volume.

The indicator intelligently adapts its calculation window based on your current chart timeframe to ensure that the lookback period remains consistent with the selected duration.

Key Features:

Multiple Rolling Periods: Analyze the market from different perspectives with selectable 7-Day, 30-Day, 90-Day, and 365-Day rolling VWAPs.

Dynamic Calculation Window: The lookback period is automatically calculated based on the chart's timeframe to accurately approximate the chosen time duration.

Optimized for Performance: Longer-term VWAPs are designed to display only on suitable, higher timeframes. This ensures a smooth, fast experience and a clean chart, preventing clutter and slow loading on lower timeframes.

Clear Floating Labels: Each VWAP line is accompanied by a clean, color-coded label on the right side of the chart for easy identification.

Personal Trading Motto: Add your own custom trading motto directly onto the chart. This unique feature serves as a constant reminder of your trading discipline and principles.

How to Use:

Dynamic Support & Resistance: Use the VWAP lines as major dynamic levels of support in an uptrend and resistance in a downtrend. A bounce from or rejection at these levels can be a powerful signal.

Trend Confirmation: Identify the long-term trend bias by observing if the price is consistently trading above or below a key rolling VWAP (e.g., the 30D or 90D).

Momentum Shifts: Watch for crossovers between the different VWAP periods (e.g., the 7D crossing above the 30D) as a potential signal of a significant shift in market momentum.

This is the perfect tool for traders looking to anchor their analysis to a longer-term, volume-confirmed view of the market's "fair price."