Multi-timeframe 24 moving averages + BB+SAR+Supertrend+VWAP █ OVERVIEW
The script allows to display up to 24 moving averages ("MA"'s) across 5 timeframes plus two bands (Bollinger Bands or Supertrend or Parabolic SAR or VWAP bands) each from its own timeframe.
The main difference of this script from many similar ones is the flexibility of its settings:
- Bulk enable/disable and/or change properties of several MAs at once.
- Save 3 of your frequently used templates as presets using CSV text configurations.
█ HOW TO USE
Some use examples:
In order to "show 31, 50, 200 EMAs and 20, 100, 200 SMAs for each of 1H, 4H, D, W, M timeframes using blue for short MA, yellow for mid MA and red for long MA" use the settings as shown on a screenshot below.
In order to "Show a band of chart timeframe MA's of lengths 5, 8, 13, 21, 34, 55, 100 and 200 plus some 1H, 4H, D and W MAs. Be able to quickly switch off the band of chart tf's MAs. For chart timeframe MA's only show labels for 21, 100 and 200 EMAs". You can set TF1 and TF2 to chart's TF and set you fib MAs there and configure fixed higher timeframe MAs using TF3, TF4 and TF5 (e.g. using 1H, D and W timeframes and using 1H 800 in place of 4H 200 MA). However, quicker way may be using CSV - the syntax is very simple and intuitive, see Preset 2 as it comes in the script. You can easily switch chart tf's band of MAs by toggling on/off your chart timeframe TF's (in our example, TF1 and TF2).
The settings are either obvious or explained in tooltips.
Note 1: When using group settings and CSV presets do not forget that individual setting affected will no have any effect. So, if some setting does not work, check whether it is overridden with some group setting or a CSV preset.
Note 2: Sometimes you can notice parts of MA's hanging in the air, not lasting up to the last bar. This is not a bug as explained on this screenshot:
█ FOR DEVELOPERS
The script is a use case of my CSVParser library, which in turn uses Autotable library, both of which I hope will be quite helpful. Autotable is so powerful and comprehensive that you will hardly ever wish to use normal table functions again for complex tables.
The indicator was inspired by Pablo Limonetti's url=https://www.tradingview.com/script/nFs56VUZ/]Multi Timeframe Moving Averages and Raging @RagingRocketBull's # Multi SMA EMA WMA HMA BB (5x8 MAs Bollinger Bands) MAX MTF - RRB
Cari dalam skrip untuk "vwap"
Percent of U.S. Stocks Above VWAPThis indicator plots a line reflecting the percentage of all U.S. stocks above or below their VWAP for the given candle. Horizontal lines have been placed at 40% (oversold), 50% (mid-line), and 60% (overbought). I recommend using this indicator as a market breadth indicator when trading individual stocks. In my experience, this indicator is best utilized while trading the major indices (SPX, SPY, QQQ, IWM) or their futures (ES, NQ, RTY) in the following manner:
- When the line crosses 50%, a green or red triangle is plotted indicating the majority of market momentum has turned bullish or bearish based on price positioning vs. VWAP. Look for longs when the line is rising (green) or above 50%, or shorts when the line is falling (red) or below 50%.
- When the line is below 40%, indicator shows red shading; I would not be long anything during this period. When the line exits this level, I begin looking for long entries. This line is adjustable in the indicator settings if you prefer to use a tighter or looser oversold level.
- When the line is above 60%, indicator shows green shading; I would not be short anything during this period. When the line exits this level, I begin looking for short entries. This line is adjustable in the indicator settings if you prefer to use a tighter or looser overbought level.
This indicator uses the TradingView ticker “PCTABOVEVWAP.US”, thus it only updates during NY market hours. If trading futures, I recommend applying VWAP to your chart and using that as the level to trade against in a similar manner, along with your personal price action analysis and other indicators you find useful.
Average Daily Range Lines + VWAP by TenozenOANDA:EURUSD
Hello! I created an indicator called ADRL (Average Daily Range Lines). This is my first original work, and I hope it's helpful to you guys.
1. Let me explain a bit of how it works...
So first of I need the ADR value, as by default length I use 19 for it. I want this indicator to calculate every start of the new day and break if another new day starts, so if the target level isn't reached, then the value would start to go back to 0 and get the new target level of the day. The target level is based on the first ADR multiplied by how much "percent" we want for the target level to hit, based on the first ADR value of the day. When the new day starts, the algo would start to add up the ADR value. If the added ADR hits the target level, it starts to plot a line by the candlestick by its high, low, and mid-level; it would create a new line if there is a new target being hit. So that's it.
About the VWAP, I took Tradingview's VWAP. I added the anchored part so I can plot a line if there is a new target level being hit. I hope that's okay.
2. How to use it...
- Using this indicator is pretty easy. When a new box is being plotted, that means that's the time when you should trade, as the box is still fresh. The VWAP helps if the market is trending or not.
- You can treat this indicator just like an S&R, as the price tends to respect the box. So best to use it as a pullback trade.
- We can assume if the price above the box, is a buy; vice versa.
3. Best Market to use...
- I suggest a trade in a nonvolatile market. The more volatile the market is, the harder the box is to be respected by the price. But if you really want to trade in that market, I suggest adjusting the inputs by how the box is being respected.
4. Suggestions...
- Use this indicator in 5 minutes chart if you day trade.
- Try using 30 minutes and setting the percent input from 100 to 80 and changing the ADR length from 19 to 14, this is much more suitable if you tend to hold trades.
GMS: VWAP with Percent BandsThis is a pretty straight-forward script. I just wanted to see percent bands around the VWAP after looking at the standard deviation bands for a while and even dabbling with keltner channels. This is the cleanest in my opinion. The script is open so feel free to poke around!
The default settings are below, just to confuse 0.25 with 25%.
0.25 = 0.25%
0.5 = 0.50%
0.75 = 0.75%
PS - it's not multi-timeframe yet. That'll come in the next update.
Hope this helps,
Andre
MTF VWAP & StDev BandsMulti Timeframe Volume Weighted Average Price with Standard Deviation Bands
I used the script "Koalafied VWAP D/W/M/Q/Y" by Koalafied_3 and made some changes, such as adding more standard deviation bands.
The script can display the daily, weekly, monthly, quarterly and yearly VWAP.
Standard deviation bands values can be changed (default values are 0.618, 1, 1.618, 2, 2.618, 3).
Also the previous standard deviation bands can be displayed.
Belkhayate Iceberg - vwapThis is the magical Belkhayate Iceberg indicator that use Daily Vwap
and change the plot color's based on where the candles are located towards vwap.
When the plot is green we only look for buy opportunities
When the plot is red we only look for short opportunities.
According to Belkhayate this indicator tracks algorithmic trading iceberg orders.
Greets to All time best trader of the world Mostafa Belkhayat and Mohammed Amine.
Z distance from VWAP Variation (jkf)This is a variation from LazyBear's Z-Distance from VWAP.
I use 3 different timeframes, where shorter term timeframes above longer term signals bullish.
Upper and lower bounds can impact too. Persistently high or low values will null the readings. So watch for that.
6 EMAs + VWAP by Felipe FacchinIndicador personalizado com 6 EMAs + VWAP. Recomendo utilização do tema escuro e EMAs 50, 100 e 200.
Z distance from VWAP [LazyBear]This calculates normal distance of price from VWAP. This is a mean reverting idea (something like ZScore), but using both "volume" and "close".
Useful for finding OB/OS areas and potential turning points.
Complete list of my indicators:
Multi SMA EMA VWAP1. Moving Average Crossover
This is one of the most common strategies with moving averages, and it involves observing crossovers between EMAs and SMAs to determine buy or sell signals.
Buy signal: When a faster EMA (like a short-term EMA) crosses above a slower SMA, it can indicate a potential upward movement.
Sell signal: When a faster EMA crosses below a slower SMA, it can indicate a potential downward movement.
With 4 EMAs and 5 SMAs, you can set up crossovers between different combinations, such as:
EMA(9) crosses above SMA(50) → buy.
EMA(9) crosses below SMA(50) → sell.
2. Divergence Confirmation Between EMAs and SMAs
Divergence between the EMAs and SMAs can offer additional confirmation. If the EMAs are pointing in one direction and the SMAs are still in the opposite direction, it is a sign that the movement could be stronger and continue in the same direction.
Positive divergence: If the EMAs are making new highs while the SMAs are still below, it could be a sign that the market is in a strong trend.
Negative divergence: If the EMAs are making new lows and the SMAs are still above, you might consider that the market is in a downtrend or correction.
3. Using EMAs as Dynamic Support and Resistance
EMAs can act as dynamic support and resistance in strong trends. If the price approaches a faster EMA from above and doesn’t break it, it could be a good entry point for a long position (buy). If the price approaches a slower EMA from below and doesn't break it, it could be a good point to sell (short).
Buy: If the price is above all EMAs and approaches the fastest EMA (e.g., EMA(9)), it could be a good buy point if the price bounces upward.
Sell: If the price is below all EMAs and approaches the fastest EMA, it could be a good sell point if the price bounces downward.
4. Combining SMAs and EMAs to Filter Signals
SMAs can serve as a trend filter to avoid trading in sideways markets. For example:
Bullish trend condition: If the longer-term SMAs (such as SMA(100) or SMA(200)) are below the price, and the shorter EMAs are aligned upward, you can look for buy signals.
Bearish trend condition: If the longer-term SMAs are above the price and the shorter EMAs are aligned downward, you can look for sell signals.
5. Consolidation Zone Between EMAs and SMAs
When the price moves between EMAs and SMAs without a clear trend (consolidation zone), you can expect a breakout. In this case, you can use the EMAs and SMAs to identify the direction of the breakout:
If the price is in a narrow range between the EMAs and SMAs and then breaks above the fastest EMA, it’s a sign that an upward trend may begin.
If the price breaks below the fastest EMA, it could indicate a potential downward trend.
6. "Golden Cross" and "Death Cross" Strategy
These are classic strategies based on crossovers between moving averages of different periods.
Golden Cross: Occurs when a faster EMA (e.g., EMA(50)) crosses above a slower SMA (e.g., SMA(200)), which suggests a potential bullish trend.
Death Cross: Occurs when a faster EMA crosses below a slower SMA, which suggests a potential bearish trend.
Additional Recommendations:
Combining with other indicators: You can combine EMA and SMA signals with other indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence/Divergence) for confirmation and to avoid false signals.
Risk management: Always use stop-loss and take-profit orders to protect your capital. Moving averages are trend-following indicators but don’t guarantee that the price will move in the same direction.
Timeframe analysis: It’s recommended to use different timeframes to confirm the trend (e.g., use EMAs on hourly charts along with SMAs on daily charts).
VWAP
1. VWAP + EMAs for Trend Confirmation
VWAP can act as a trend filter, confirming the direction provided by the EMAs.
Buy Signal: If the price is above the VWAP and the EMAs are aligned in an uptrend (e.g., short-term EMAs are above longer-term EMAs), this indicates that the trend is bullish and you can look for buy opportunities.
Sell Signal: If the price is below the VWAP and the EMAs are aligned in a downtrend (e.g., short-term EMAs are below longer-term EMAs), this suggests a bearish trend and you can look for sell opportunities.
In this case, VWAP is used to confirm the overall trend. For example:
Bullish: Price above VWAP, EMAs aligned to the upside (e.g., EMA(9) > EMA(50) > EMA(200)), buy.
Bearish: Price below VWAP, EMAs aligned to the downside (e.g., EMA(9) < EMA(50) < EMA(200)), sell.
2. VWAP as Dynamic Support and Resistance
VWAP can act as a dynamic support or resistance level during the day. Combining this with EMAs and SMAs helps you refine your entry and exit points.
Support: If the price is above VWAP and starts pulling back to VWAP, it could act as support. If the price bounces off the VWAP and aligns with bullish EMAs (e.g., EMA(9) crossing above EMA(50)), you can consider entering a buy position.
Resistance: If the price is below VWAP and approaches VWAP from below, it can act as resistance. If the price fails to break through VWAP and aligns with bearish EMAs (e.g., EMA(9) crossing below EMA(50)), it could be a good signal for a sell.
Chart VWAP█ OVERVIEW
This indicator displays a Volume-Weighted Average Price anchored to the leftmost visible bar of the chart. It dynamically recalculates when the chart's visible bars change because you scroll or zoom your chart.
If you are not already familiar with VWAP, our Help Center will get you started. The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Our Rolling VWAP , instead, resets on a rolling time window. You may also find the VWAP Auto Anchored built-in indicator worth a try.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how). By default, it displays the chart's VWAP in orange and a simple average of the chart's visible close values in gray. This average can be used as a companion to the VWAP, since both are calculated from the same set of bars. The script's settings allow you to hide it.
You may also use the script's settings to enable the display of the chart's OHLC (open, high, low, close) levels and the values of the high and low. These are also calculated from the range of visible bars. You can complement the high and low lines with their price and their distance in percent from the chart's latest visible close . You can use the levels to quickly identify the distances from extreme points in the visible price range, as well as observe the visible chart's beginning and end prices.
█ NOTES FOR Pine Script™ CODERS
This script showcases three novelties:
• Dynamic recalculation on visible bars
• The VisibleChart library by PineCoders
• The new `anchor` parameter of ta.vwap()
Dynamic recalculation on visible bars
This script behaves in a novel way made possible by the recent introduction of two new built-in variables: chart.left_visible_bar_time and chart.right_visible_bar_time , which return the opening time of the leftmost and rightmost visible bars on the chart. These are only two of many new built-ins in the `chart.*` namespace. See this blog post for more information, or look up them up by typing "chart." in the Pine Script™ Reference Manual .
Any script using chart.left_visible_bar_time or chart.right_visible_bar_time acquires a unique property, which triggers its recalculation when traders scroll or zoom their chart, causing the range of visible bars to change. This new capability is what makes it possible for this script to calculate its VWAP on the chart's visible bars only, and dynamically recalculate if the user scrolls or zooms their chart.
This script is just a start to the party; endless uses for indicators that redraw on changes to the chart will no doubt emerge through the hands of our community's Pine Script™ programmers.
The VisibleChart library by PineCoders
The newly published VisibleChart library is designed to help programmers benefit from the new capabilities made possible by the fact that Pine Script™ code can now tell when it is executing on visible bars. The library's description, functions and example code will help programmers make the most of the new feature.
This script uses three of the library's functions:
• `PCvc.vVwap()` calculates a VWAP for visible bars.
• `PCvc.avg()` calculates the average of a source value for visible bars only. We use it to calculate the average close (the default source).
• `PCvc.chartXTimePct(25)` calculates a time value corresponding to 25% of the horizontal distance between visible bars, starting from the left.
The new `anchor` parameter of ta.vwap()
Our script also uses this new `anchor` parameter to reset the VWAP at the leftmost visible bar. See how simple the code is for the VisibleChart library's `vVwap()` function.
Look first. Then leap.
WAP Maverick - (Dual EMA Smoothed VWAP) - [mutantdog]Short Version:
This here is my take on the popular VWAP indicator with several novel features including:
Dual EMA smoothing.
Arithmetic and Harmonic Mean plots.
Custom Anchor feat. Intraday Session Sizes.
2 Pairs of Bands.
Side Input for Connection to other Indicator.
This can be used 'out of the box' as a replacement VWAP, benefitting from smoother transitions and easy-to-use custom alerts.
By design however, this is intended to be a highly customisable alternative with many adjustable parameters and a pseudo-modular input system to connect with another indicator. Well suited for the tweakers around here and those who like to get a little more creative.
I made this primarily for crypto although it should work for other markets. Default settings are best suited to 15m timeframe - the anchor of 1 week is ideal for crypto which often follows a cyclical nature from Monday through Sunday. In 15m, the default ema length of 21 means that the wap comes to match a standard vwap towards the end of Monday. If using higher chart timeframes, i recommend decreasing the ema length to closely match this principle (suggested: for 1h chart, try length = 8; for 4h chart, length = 2 or 3 should suffice).
Note: the use of harmonic mean calculations will cause problems on any data source incorporating both positive and negative values, it may also return unusable results on extremely low-value charts (eg: low-sat coins in /btc pairs).
Long version:
The development of this project was one driven more by experimentation than a specific end-goal, however i have tried to fine-tune everything into a coherent usable end-product. With that in mind then, this walkthrough will follow something of a development chronology as i dissect the various functions.
DUAL-EMA SMOOTHING
At its core this is based upon / adapted from the standard vwap indicator provided by TradingView although I have modified and changed most of it. The first mod is the dual ema smoothing. Rather than simply applying an ema to the output of the standard vwap function, instead i have incorporated the ema in a manner analogous to the way smas are used within a standard vwma. Sticking for now with the arithmetic mean, the basic vwap calculation is simply sum(source * volume) / sum(volume) across the anchored period. In this case i have simply applied an ema to each of the numerator and denominator values resulting in ema(sum(source * volume)) / ema(sum(volume)) with the ema length independent of the anchor. This results in smoother (albeit slower) transitions than the aforementioned post-vwap method. Furthermore in the case when anchor period is equal to current timeframe, the result is a basic volume-weighted ema.
The example below shows a standard vwap (1week anchor) in blue, a 21-ema applied to the vwap in purple and a dual-21-ema smoothed wap in gold. Notably both ema types come to effectively resemble the standard vwap after around 24 hours into the new anchor session but how they behave in the meantime is very different. The dual-ema transitions quite gradually while the post-vwap ema immediately sets about trying to catch up. Incidentally. a similar and slower variation of the dual-ema can be achieved with dual-rma although i have not included it in this indicator, attempted analogues using sma or wma were far less useful however.
STANDARD DEVIATION AND BANDS
With this updated calculation, a corresponding update to the standard deviation is also required. The vwap has its own anchored volume-weighted st.dev but this cannot be used in combination with the ema smoothing so instead it has been recalculated appropriately. There are two pairs of bands with separate multipliers (stepped to 0.1x) and in both cases high and low bands can be activated or deactivated individually. An example usage for this would be to create different upper and lower bands for profit and stoploss targets. Alerts can be set easily for different crossing conditions, more on this later.
Alongside the bands, i have also added the option to shift ('Deviate') the entire indicator up or down according to a multiple of the corrected st.dev value. This has many potential uses, for example if we want to bias our analysis in one direction it may be useful to move the wap in the opposite. Or if the asset is trading within a narrow range and we are waiting on a breakout, we could shift to the desired level and set alerts accordingly. The 'Deviate' parameter applies to the entire indicator including the bands which will remain centred on the main WAP.
CUSTOM (W)ANCHOR
Ever thought about using a vwap with anchor periods smaller than a day? Here you can do just that. I've removed the Earnings/Dividends/Splits options from the basic vwap and added an 'Intraday' option instead. When selected, a custom anchor length can be created as a multiple of minutes (default steps of 60 mins but can input any value from 0 - 1440). While this may not seem at first like a useful feature for anyone except hi-speed scalpers, this actually offers more interesting potential than it appears.
When set to 0 minutes the current timeframe is always used, turning this into the basic volume-weighted ema mentioned earlier. When using other low time frames the anchor can act as a pre-ema filter creating a stepped effect akin to an adaptive MA. Used in combination with the bands, the result is a kind of volume-weighted adaptive exponential bollinger band; if such a thing does not already exist then this is where you create it. Alternatively, by combining two instances you may find potential interesting crosses between an intraday wap and a standard timeframe wap. Below is an example set to intraday with 480 mins, 2x st.dev bands and ema length 21. Included for comparison in purple is a standard 21 ema.
I'm sure there are many potential uses to be found here, so be creative and please share anything you come up with in the comments.
ARITHMETIC AND HARMONIC MEAN CALCULATIONS
The standard vwap uses the arithmetic mean in its calculation. Indeed, most mean calculations tend to be arithmetic: sma being the most widely used example. When volume weighting is involved though this can lead to a slight bias in favour of upward moves over downward. While the effect of this is minor, over longer anchor periods it can become increasingly significant. The harmonic mean, on the other hand, has the opposite effect which results in a value that is always lower than the arithmetic mean. By viewing both arithmetic and harmonic waps together, the extent to which they diverge from each other can be used as a visual reference of how much price has changed during the anchored period.
Furthermore, the harmonic mean may actually be the more appropriate one to use during downtrends or bearish periods, in principle at least. Consider that a short trade is functionally the same as a long trade on the inverse of the pair (eg: selling BTC/USD is the same as buying USD/BTC). With the harmonic mean being an inverse of the arithmetic then, it makes sense to use it instead. To illustrate this below is a snapshot of LUNA/USDT on the left with its inverse 1/(LUNA/USDT) = USDT/LUNA on the right. On both charts is a wap with identical settings, note the resistance on the left and its corresponding support on the right. It should be easy from this to see that the lower harmonic wap on the left corresponds to the upper arithmetic wap on the right. Thus, it would appear that the harmonic mean should be used in a downtrend. In principle, at least...
In reality though, it is not quite so black and white. Rarely are these values exact in their predictions and the sort of range one should allow for inaccuracies will likely be greater than the difference between these two means. Furthermore, the ema smoothing has already introduced some lag and thus additional inaccuracies. Nevertheless, the symmetry warrants its inclusion.
SIDE INPUT & ALERTS
Finally we move on to the pseudo-modular component here. While TradingView allows some interoperability between indicators, it is limited to just one connection. Any attempt to use multiple source inputs will remove this functionality completely. The workaround here is to instead use custom 'string' input menus for additional sources, preserving this function in the sole 'source' input. In this case, since the wap itself is dependant only price and volume, i have repurposed the full 'source' into the second 'side' input. This allows for a separate indicator to interact with this one that can be used for triggering alerts. You could even use another instance of this one (there is a hidden wap:mid plot intended for this use which is the midpoint between both means). Note that deleting a connected indicator may result in the deletion of those connected to it.
Preset alertconditions are available for crossings of the side input above and below the main wap, alongside several customisable alerts with corresponding visual markers based upon selectable conditions. Alerts for band crossings apply only to those that are active and only crossings of the type specified within the 'crosses' subsection of the indicator settings. The included options make it easy to create buy alerts specific to certain bands with sell alerts specific to other bands. The chart below shows two instances with differing anchor periods, both are connected with buy and sell alerts enabled for visible bands.
Okay... So that just about covers it here, i think. As mentioned earlier this is the product of various experiments while i have been learning my way around PineScript. Some of those experiments have been branched off from this in order to not over-clutter it with functions. The pseudo-modular design and the 'side' input are the result of an attempt to create a connective framework across various projects. Even on its own though, this should offer plenty of tweaking potential for anyone who likes to venture away from the usual standards, all the while still retaining its core purpose as a traders tool.
Thanks for checking this out. I look forward to any feedback below.
Re-Anchoring VWAP TripleThe Triple Re-Anchoring VWAP (Volume Weighted Average Price) indicator is a tool designed for traders seeking a deeper understanding of market trends and key price levels. This indicator dynamically recalibrates VWAP calculations based on significant market pivot points, offering a unique perspective on potential support and resistance levels.
Key Features:
Dynamic Re-anchoring at All-Time Highs (ATH) : The first layer of this indicator continuously tracks the all-time high and recalibrates the VWAP from each new ATH. This VWAP line, typically acting as a dynamic resistance level, offers insights into the overbought conditions and potential reversal zones.
Adaptive Re-anchoring to Post-ATH Lows : The second component of the indicator shifts focus to the market's reaction post-ATH. It identifies the lowest low following an ATH and re-anchors the VWAP calculation from this point. This VWAP line often serves as a dynamic support level, highlighting key areas where the market finds value after a significant high.
Re-anchoring to Highs After Post-ATH Lows : The third element of this tool takes adaptation one step further by tracking the highest high achieved after the lowest low post-ATH. This VWAP line can act as either support or resistance, providing a nuanced view of the market's valuation in the recovery phase or during consolidation after a significant low.
Applications:
Trend Confirmation and Reversal Signals : By comparing the price action relative to the dynamically anchored VWAP lines, traders can gauge the strength of the trend and anticipate potential reversals.
Entry and Exit Points : By highlighting significant support and resistance areas, it assists in determining optimal entry and exit points, particularly in swing trading and mean reversion strategies.
Enhanced Market Insight : The dynamic nature of the indicator, with its shifting anchor points, offers a refined understanding of market sentiment and valuation changes over time.
Why Triple Re-Anchoring VWAP?
Traditional VWAP tools offer a linear view, often missing out on the intricacies of market fluctuations. The Triple Re-Anchoring VWAP addresses this by providing a multi-faceted view of the market, adapting not just to daily price changes but pivoting around significant market events. Whether you're a day trader, swing trader, or long-term investor, this indicator adds depth to your market analysis, enabling more informed trading decisions.
Examples:
ZWAP (ZigZag Anchored VWAP) [Kioseff Trading]Hello!
Quick script showcasing the new polyline function for Pine Script!
Features
Up to 100 high/low pivot points auto anchored VWAP
Visible range auto anchored VWAP
Curved ZigZag (Adjustable!)
With the new polyline function, auto-anchored VWAP at specific price points is more viable.
When using line.new() only 500 lines can exist on the chart concurrently and, since VWAP is calculated on every update, a "proper" VWAP drawn using line.new() can extend 500 bars at most, to which no additional VWAP lines can be drawn after.
Of course, when using the plot() function a VWAP line will draw on every bar; however, this method isn't highly compatible with auto-anchoring VWAP lines.
However!
A polyline, from beginning to end irrespective of the number of coordinates used, constitutes 1 polyline; 100 can exist simultaneously with 10,000 xy coordinates per line.
The image above shows an attempt to draw the same auto-anchored VWAP lines using the line.new() function. Not an ideal outcome!
The image above shows the same attempt using the polyline.new() function!
Very nice (:
The image above shows the indicator auto anchoring to zig zag turning points.
Subsequent to a new anchoring, VWAP is calculated for the following bars - up to the current bar.
Thank you for checking this out; if you have any ideas to spice it up feel free to comment!
Anchored VWAP+This indicator is an enhanced version of the Anchored VWAP indicator with additional functions:
1. Anchored AP (average price). It removes the volume weighting step in Anchored VWAP, and can display the average price over a period of time. For example, if the price of the stock in the last 3 days is 100, 200, 300, then AP is their average value of 200
2. Anchored AC (average cost). The average cost over time can be displayed. For example, if the price of the stock in the last 2 days is 100,300, then AC is (1+1)/(1/100+1/300)=150
When using the indicator, you need to choose a starting point, then the indicator will start to calculate the subsequent VWAP, AP and AC from this starting point, and draw 3 lines in the graph
These three lines can be regarded as the average cost line of the market, with potential support and resistance effects
We have filled the shadow between VWAP and AP, which can be regarded as a potential support resistance band
===========================中文版本===========================
该指标为增强版本的Anchored VWAP指标。在Anchored VWAP基础上增加了额外功能：
1. Anchored AP。其去掉了Anchored VWAP中成交量加权的步骤，可以显示一段时间的平均价格。举个例子，假如股票最近3天的价格为100，200，300，那么AP为他们的平均值200
2. Anchored AC。可以显示一段时间的平均成本。举个例子，假如股票最近2天的价格为100，300，那么AC为(1+1)/(1/100+1/300)=150
使用指标时你需要先选择一个起点，随后指标将会以该起点开始计算后续的VWAP、AP和AC，并且在图中绘制3根线
这3根线均可以视作是市场的平均成本线，具有潜在的支撑和阻力效果
我们让VWAP和AP之间填充了阴影，该阴影可以视作潜在的支撑阻力带
Volume Profile Free Pro (25 Levels Value Area VWAP) by RRBVolume Profile Free Pro by RagingRocketBull 2019
Version 1.0
All available Volume Profile Free Pro versions are listed below (They are very similar and I don't want to publish them as separate indicators):
ver 1.0: style columns implementation
ver 2.0: style histogram implementation
ver 3.0: style line implementation
This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 25 horizontal bars.
It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels.
Free accounts can't access Standard TradingView Volume Profile, hence this indicator.
There are 3 basic methods to calculate the Value Area for a session.
- original method developed by Steidlmayr (calculated around POC)
- classical method using StdDev (calculated around the mean VWAP)
- another method based on the mean absolute deviation (calculated around the median)
POC is a high volume node and can be used as support/resistance. But when far from the day's average price it may not be as good a trend filter as the other methods.
The 80% Rule: When the market opens above/below the Value Area and then returns/stays back inside for 2 consecutive 30min periods it has 80% chance of filling VA (like a gap).
There are several versions: Free, Free Pro, Free MAX. This is the Free Pro version. The Differences are listed below:
- Free: 30 levels, Buy/Sell/Total Volume Profile views, POC
- Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming
- Free MAX: 50 levels, packed to the limit
Features:
- Volume Profile with up to 25 levels (3 implementations)
- POC, Developing POC Levels
- Buy/Sell/Total/Side by Side View modes
- Side Cover
- Value Area, VAH/VAL dynamic levels
- VWAP High/Low dynamic levels with Source, Length, StdDev as params
- Show/Hide all levels
- Dim Non Value Area Zones
- Custom Range with Highlighting
- 3 Anchor points for Volume Profile
- Flip Levels Horizontally
- Adjustable width, offset and spacing of levels
- Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels
Usage:
- specify max_level/min_level for a range (required in ver 1.0/2.0, auto/optional in ver 3.0 = set to highest/lowest)
- select range (start_bar, range length), confirm with range highlighting
- select mode Value Area or VWAP to show corresponding levels.
- flip/select anchor point to position the buy/sell levels, adjust width and spacing as needed
- select Buy/Sell/Total/Side by Side view mode
- use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day.
- Green - buy volume of a specific price level in a range, Red - sell volume. Green + Red = Total volume of a price level in a range
There's no native support for vertical histograms in Pinescript (with price axis as base)
Basically, there are 4 ways to plot a series of horizontal bars stacked on top of each other:
1. plotshape style labeldown (ver 0 prototype discarded)
- you can have a set of fixed width/height text labels consisting of a series of underscores and moving dynamically as levels. Level offset controls visible length.
- you can move levels and scale the base width of the volume profile histogram dynamically
- you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional
- you can't fill the gaps between levels/adjust/extend width, height - this results in a half baked volume profile and looks ugly
- fixed text level height doesn't adjust and looks bad on a log scale
- fixed font width also doesn't scale and can't be properly aligned with bars when zooming
2. plot style columns + hist_base (ver 1.0)
- you can plot long horizontal bars using a series of small adjacent vertical columns with level offsets controlling visible length.
- you can't hide/move levels of the volume profile histogram dynamically on each bar, they must be plotted at all times regardless - you can't delete the history of a plot.
- you can't scale the base width of the volume profile histogram dynamically, can't set show_last from input, must use a preset fixed width for each level
- hist_base can only be a static const expression, can't be assigned highest/lowest range values automatically - you have to specify max_level/min_level manually from input
- you can't control spacing between columns - there's an equalizer bar effect when you zoom in, and solid bars when you zoom out
- using hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change
- level top can be properly aligned with another level's bottom producing a clean good looking histogram
- columns are properly aligned with bars automatically
3. plot style histogram + hist_base (ver 2.0)
- you can plot long horizontal bars using a series of small vertical bars (horizontal histogram) instead of columns.
- you can control the width of each histogram bar comprising a level (spacing/horiz density). Large enough width will cause bar overlapping and give level a "solid" look regardless of zoom
- you can only set width <= 4 in UI Style - custom textbox input is provided for larger values. You can set width and plot transparency from input
- this method still uses hist_base and inherits other limitations of ver 2.0
4. plot style lines (ver 3.0)
- you can also plot long horizontal bars using lines with level offsets controlling visible length.
- lines don't need hist_base - fast and smooth redraw times
- you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional
- level top can't be properly aligned with another level's bottom and have a proper spacing because line width uses its own units and doesn't scale
- fixed line width of a level (vertical thickness) doesn't scale and looks bad on log (level overlapping)
- you can only set width <= 4 in UI Style, a custom textbox input is provided for larger values. You can set width and plot transparency from input
Notes:
- hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change
- indicator is slow on TFs with long history 10000+ bars
- Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed width. Offsets control visible level parts. Side Cover hides the invisible parts.
- Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option
- Custom Widh for levels - UI Style supports only width <= 4, hence this additional option
- POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs
- You can't change buy/sell level colors (only plot transparency) - this requires 2x plot outputs exceeding max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones
- Use Side by Side view to compare buy and sell volumes between each other: base width = max(total_buy_vol, total_sell_vol)
- All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input
- Sell Offset is calculated relative to Buy Offset to stack/extend sell on top of buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length
- If you see "loop too long error" - change some values in UI and it will recalculate - no need to refresh the chart
- There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume
- Volume Profile Range is limited to 5000 bars for free accounts
P.S. Cantaloupia Will be Free!
Links on Volume Profile and Value Area calculation and usage:
www.tradingview.com
stockcharts.com
onlinelibrary.wiley.com
Vwap Vision #WhiteRabbitVWAP Vision #WhiteRabbit
This Pine Script (version 5) script implements a comprehensive trading indicator called "VWAP Vision #WhiteRabbit," designed for analyzing price movements using the Volume-Weighted Average Price (VWAP) along with multiple customizable features, including adjustable color themes for better visual appeal.
Features:
Customizable Color Themes:
Choose from four distinct themes: Classic, Dark Mode, Fluo, and Phil, enhancing the visual layout to match user preferences.
VWAP Calculation:
Uses standard VWAP calculations based on selected anchor periods (Session, Week, Month, etc.) to help identify price trends.
Band Settings:
Multiple bands are calculated based on standard deviations or percentages, with customization options to configure buy/sell zones and liquidity levels.
Buy/Sell Signals:
Generates clear buy and sell signals based on price interactions with the calculated bands and the exponential moving average (EMA).
Real-time Data Display:
Displays real-time signals and VWAP values for selected trading instruments, including XAUUSD, NAS100, and BTCUSDT, along with related alerts for trading opportunities.
Volatility Analysis:
Incorporates volatility metrics using the Average True Range (ATR) to assess market conditions and inform trading decisions.
Enhanced Table Displays:
Provides tables for clear visualization of trading signals, real-time data, and performance metrics.
This script is perfect for traders looking to enhance their analysis and gain insights for making informed trading decisions across various market conditions.
NY ORB, VWAP & EMAsIndicator is designed to display key technical analysis tools on your Trading View chart. It includes:
One of the key benefits of this indicator is that it allows Basic Trading View users to set VWAP, EMAs, and ORB in a single indicator. This is particularly useful for users who are limited to a single indicator on their Basic plan, as it provides a comprehensive view of market sentiment, trend, and potential breakouts without the need for multiple indicators.
Features
New York Opening Range Breakout (ORB): Plots the high and low of the first 15 minutes (configurable) of the New York trading session.
Volume Weighted Average Price (VWAP): Displays the VWAP line, which can be toggled on or off.
Exponential Moving Averages (EMAs): Plots four EMAs (9, 21, 50, and 200 periods), which can also be toggled on or off.
Customization
ORB Length: Choose from 5 or 15 minutes for the ORB calculation.
Show VWAP and EMAs: Toggle the visibility of the VWAP and EMA lines on or off.
Usage
This indicator is designed to help traders identify key market levels, trends, and potential breakouts during the New York trading session. The ORB can be used to gauge market sentiment, while the VWAP provides a benchmark for average price action. The EMAs offer additional trend analysis and can be used to identify potential support and resistance levels.
J Lines EMA + VWAPThe EMA + VWAP indicator combines the power of Exponential Moving Averages (EMA) with the Volume Weighted Average Price (VWAP) to help traders spot trends, identify potential entries/exits, and understand market momentum with ease. This dual-purpose tool is designed to give both beginner and experienced traders a clear view of price direction and volume influence, whether for day trading or swing trading.
Key Features:
Dynamic EMA Lines:
Six customizable moving averages (EMA by default) adapt to your selected timeframe. EMAs help track trend direction and strength, with various colors and opacity settings that visually separate them for clarity.
VWAP Tracking: A standalone VWAP line (blue) shows the average trading price adjusted for volume, making it ideal for pinpointing significant price levels where institutional interest often lies.
EMA Ribbons for Trend Confirmation: Soft-colored ribbons are placed between EMA pairs to make the trend strength visually apparent, with different color fills between lines. This makes it easy to gauge bullish or bearish conditions at a glance.
Flexible MA Options: Besides EMA, you can choose from SMA, WMA, HMA, and RMA, allowing you to adapt the indicator to various trading strategies.
This tool simplifies trend-following and volume-based analysis by giving you insight into both price momentum and market participation levels. EMAs adapt to volatility and changing market conditions, while the VWAP keeps you aware of critical price zones based on trading volume. Together, these help you stay on the right side of the market, avoid false breakouts, and make informed decisions on when to enter or exit trades.
Ideal for beginners due to its visual clarity and flexible enough for seasoned traders, EMA + VWAP is your go-to indicator for a structured approach to market trends.
Buy and Sell Alerts using VWAPThis is my first script, which I hope you'll enjoy.
The script generates alerts for buy and sell trades using VWAP and volume threshold that you select.
Indicators and Moving Averages :
This script allows you to choose which moving averages like VWAP, 9EMA, 10, 20, 50, 100, 200, and 325 SMAs you want to see on your chart.
Volume Threshold :
You can set a volume threshold, which is the minimum required volume required for buy and sell signals to be considered valid. (For example, I like 60,000 on SPY, 5 minute chart.)
Buy and Sell Signals :
The script checks if the stock prices crosses above or below the VWAP and if the trading volume is above the threshold you set.
If the price crosses above the VWAP and the volume is sufficient, a "Buy" signal is generated.
If the price crosses below the VWAP and the volume is sufficient, a "Sell" signal is generated.
This hopefully user-friendly indicator will alert you when certain conditions trading conditions are met, helping to make it a little easier to make informed trading decisions.
EVWMA VWAP Cross Strategy [QuantNomad]Continue to experiement with VWAP and EVWMA.
It seems that just simple crosses between VWAP and EVWMA can be pretty good signals. VWAP is a bit choppy so you can use VWAP smoothing input to smoth it a bit.
Here are few other strategies based on EVWMA:
EVWMA VWAP MACD Strategy
QuantNomad - EVWMA MACD Strategy
VWAP Channel | Multi Timeframe by OsbrahVWAP Channel including:
- Daily VWAP
- Weekly VWAP
- Monthly VWAP
- Session VWAP
Customizeable.
