OPEN-SOURCE SCRIPT

My VWAP

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The script is a VWAP (Volume Weighted Average Price) indicator overlaying on the price chart.

Users can set the anchor period: Session, Week, Month, Year, Earnings, Dividends, Splits, etc.

VWAP is calculated using the chosen price source (default hlc3) and resets on a new anchor period.

Optional bands around VWAP can be based on standard deviation or percentage of VWAP.

A fast EMA (default 3-period) is plotted alongside VWAP for trend analysis.

The area between EMA and VWAP is colored green if EMA > VWAP, red if EMA < VWAP.

The script checks for volume data, as VWAP requires volume to function.

Buy/sell signals are generated when the EMA crosses above or below VWAP.

Corporate events (earnings, dividends, splits) can trigger a VWAP reset when used as anchors.

Bands plotting is coded but commented out, making the indicator customizable and visually intuitive.

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.