This is a tool that is best utilized on timeframes under 30 minutes.
Besides the MVWAP, the horizontal levels provide support/resistance and shows a 'magnet' to where price might go again.
Besides the MVWAP, the horizontal levels provide support/resistance and shows a 'magnet' to where price might go again.
Notas de prensa:
Prototype with entirely new formula. What's different is the initial calculations of VWAP before it's used in final calculation.
Notas de prensa:
- Re-added volume concentration zones, utilizes different method to find zones
- Revamped MVWAP formula to include a modified McGinley for the EMA to weigh a little heavier when going down but still be able to handle pumps
- Added new lines based on 1% liquidation prices that should reset every 3 days, with price being an average of highs/lows and part of VFAP itself. The biggest worry was repainting after seeing how it moves to so close to price when it resets, but it doesn't look like it's repainting heavily and bar replay shows heavy changes only after big moves. I still won't be including it in the final release because it's way too convoluted + takes too long to test + niche
- Revamped MVWAP formula to include a modified McGinley for the EMA to weigh a little heavier when going down but still be able to handle pumps
- Added new lines based on 1% liquidation prices that should reset every 3 days, with price being an average of highs/lows and part of VFAP itself. The biggest worry was repainting after seeing how it moves to so close to price when it resets, but it doesn't look like it's repainting heavily and bar replay shows heavy changes only after big moves. I still won't be including it in the final release because it's way too convoluted + takes too long to test + niche
Notas de prensa:
- Dynamic weighting based on running volume to capture both periods of low and high volatility accurately
Notas de prensa:
New smoothing method used with a toggle for a regular MVWAP
Notas de prensa:
- Added toggle for color change.
- Minor changes to formula. 15/D/Smooth, 10/720/Smooth, or 15/D/No Smooth are the current preferred settings
- Minor changes to formula. 15/D/Smooth, 10/720/Smooth, or 15/D/No Smooth are the current preferred settings
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)