OPEN-SOURCE SCRIPT
Actualizado VWAP Spider
The VWAP Spider indicator enhances the conventional Volume Weighted Average Price (VWAP) analysis by anchoring it to the first candle and incorporating an extensive series of standard deviation (SD) lines, extending up to +8 SDs with additional half-step increments. This configuration provides a more suitable set of lines for identifying support and resistance, distinguishing it from existing VWAP and SD indicators. Its design, featuring color gradients for fills and distinct labels for each line, aims to improve the utility and user experience.
Optimal Timeframes:
It is recommended for use on weekly or monthly resolutions to ensure all price and volume history is included.
Distinctive Features:
Practical Use of the VWAP Spider:
This indicator is freely available and open-source on TradingView for all. It is designed to help traders enhance their market analysis and strategic decision-making.
Optimal Timeframes:
It is recommended for use on weekly or monthly resolutions to ensure all price and volume history is included.
Distinctive Features:
- The indicator includes a more extensive array of SD lines than typically found in VWAP indicators, enhancing the depth of market analysis.
- The visual presentation is optimized with color gradients and clear labeling, facilitating ease of use and integration into trading strategies.
Practical Use of the VWAP Spider:
- SD Lines as Support and Resistance: Observe the interactions between the price and the SD lines closely. These can serve as dynamic support and resistance indicators, influencing trading decisions.
- Analyzing Historical Price Action: Investigate how the price has historically interacted with the SD lines. Identify which lines have frequently acted as support and resistance in the past, as they will often continue to be revisited.
- Strategic Application: Leverage insights from the interactions between price and SD lines to fine-tune entry and exit points. For example, a rebound from an SD line may suggest a strong entry point, while breaching an SD line could indicate a potential exit.
This indicator is freely available and open-source on TradingView for all. It is designed to help traders enhance their market analysis and strategic decision-making.
Notas de prensa
Applied fix so that the standard deviation lines start on the first candle instead of the second.Added the option for users to customize the VWAP line color.
Notas de prensa
Minor visual enhancements & chart image update.Notas de prensa
Added labels to prior price action for easy identification.Notas de prensa
Removed the additional labels as they were causing issues.Enabled all resolutions instead of just daily and above.
Notas de prensa
- Updated to Pinescript v6
- Volume-weighted the standard deviation lines
- Increased the bullish standard deviations lines to 10 to work for stocks like AAPL and NVDA
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.