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Volume Profile + VWAP + Long Wick Strategy
Volume Profile + VWAP + Long Wick Strategy
This indicator combines Volume Profile (VP), VWAP (Volume Weighted Average Price) with deviation bands, and a long wick candle strategy to identify potential support/resistance zones and trading signals. It detects "power wicks" (long shadows with high volume near key levels like POC, VAH/VAL, or VWAP) as reversal setups, generating buy/sell alerts after confirmation wicks appear near these zones.
Key Features:
Volume Profile: Displays VP histogram over a lookback period, highlighting POC (Point of Control), VAH/VAL (Value Area High/Low) with customizable rows and thresholds.
VWAP & Bands: Plots VWAP with 1-3 std dev bands; filters signals based on trend and proximity to bands.
Long Wick Detection: Identifies strong ("power") and signal wicks based on wick/body ratios, ATR size, and volume multipliers. Supports Market Maker (MM) volume bonuses for liquidity zones.
Trading Signals: Generates BUY/SELL arrows when price retests wick levels with confirmation, limited by max signals per zone and min wait bars. Filtered by MTF (multi-timeframe) alignment (e.g., higher TF EMA trend and candle direction) and VWAP trend.
Sessions: Shows POC/VAH/VAL for Asian, London, and NY sessions with optional active-only display.
MTF Analysis: Scores bullish/bearish alignment across two higher timeframes for signal filtering.
Visuals: Liquidity sweep boxes, resistance/support lines, info table (levels, signals remaining, VWAP status), and MTF status box.
Customizable: Adjust wick ratios, volume thresholds, VP rows, MTF periods, and display options.
Ideal for intraday/scalping on forex/crypto/stocks. Use on lower TFs with MTF filters for confluence. Not financial advice—backtest thoroughly!
This indicator combines Volume Profile (VP), VWAP (Volume Weighted Average Price) with deviation bands, and a long wick candle strategy to identify potential support/resistance zones and trading signals. It detects "power wicks" (long shadows with high volume near key levels like POC, VAH/VAL, or VWAP) as reversal setups, generating buy/sell alerts after confirmation wicks appear near these zones.
Key Features:
Volume Profile: Displays VP histogram over a lookback period, highlighting POC (Point of Control), VAH/VAL (Value Area High/Low) with customizable rows and thresholds.
VWAP & Bands: Plots VWAP with 1-3 std dev bands; filters signals based on trend and proximity to bands.
Long Wick Detection: Identifies strong ("power") and signal wicks based on wick/body ratios, ATR size, and volume multipliers. Supports Market Maker (MM) volume bonuses for liquidity zones.
Trading Signals: Generates BUY/SELL arrows when price retests wick levels with confirmation, limited by max signals per zone and min wait bars. Filtered by MTF (multi-timeframe) alignment (e.g., higher TF EMA trend and candle direction) and VWAP trend.
Sessions: Shows POC/VAH/VAL for Asian, London, and NY sessions with optional active-only display.
MTF Analysis: Scores bullish/bearish alignment across two higher timeframes for signal filtering.
Visuals: Liquidity sweep boxes, resistance/support lines, info table (levels, signals remaining, VWAP status), and MTF status box.
Customizable: Adjust wick ratios, volume thresholds, VP rows, MTF periods, and display options.
Ideal for intraday/scalping on forex/crypto/stocks. Use on lower TFs with MTF filters for confluence. Not financial advice—backtest thoroughly!
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.