MTF MA Ribbon and Bands + BB, Gaussian F. and R. VWAP with StDev█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands
Up to 9 moving averages can be independently applied.
The length , type and timeframe of each moving average are configurable .
The lines, colors and background fill are customizable too.
This script can also display:
Moving Average Bands
Bollinger Bands
Gaussian Filter
Rolling VWAP and Standard Deviation Bands
Types of Moving Averages:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Least Squares Moving Average (LSMA)
Hull Moving Average (HMA)
Arnaud Legoux Moving Average (ALMA)
█ Moving Average
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time.
A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
█ Bollinger Bands
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
█ Gaussian Filter
Gaussian filter can be used for smoothing.
It rejects high frequencies (fast movements) better than an EMA and has lower lag.
A Gaussian filter is one whose transfer response is described by the familiar Gaussian bell-shaped curve.
In the case of low-pass filters, only the upper half of the curve describes the filter.
The use of gaussian filters is a move toward achieving the dual goal of reducing lag and reducing the lag of high-frequency components relative to the lag of lower-frequency components.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
Made with the help from scripts of: adam24x, VishvaP, loxx and pmk07.
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HYE Combo Market [Strategy] (Vwap Mean Reversion + Trend Hunter)In this strategy, I used a combination of trend hunter and vwap mean reversion strategies that I published before.
Trend Hunter Strategy:
Mean Reversion Vwap Strategy:
The results are quite impressive, especially for bitcoin.
While the hodl return for bitcoin was 13419%, the strategy's return in the same period was about 5 times (65000%) of this.
s3.tradingview.com
In this combo strategy, I made some changes to the original settings of the strategies used together and added some more new features.
Trend Hunter Strategy Settings: (Original / Combo)
- Slow Tenkansen Period : 9 / 9
- Slow Kijunsen Period : 26 / 13
- Fast Tenkansen Period : 5 / 3
- Fast Kijunsen Period : 13 / 7
- BB Length : 20 / 20
- BB Stdev : 2 / 2
- TSV Length : 13 / 20
- TSV Ema Length : 7 / 7
* I also added a "vidya moving average" to be used as a confirmation tool to open a long position. (Candle close must be above the vidya line.)
Vwap Mean Reversion Strategy Settings: (Original / Combo)
- Small Vwap : 2 / 8
- Big Vwap : 5 / 10
- Percent Below to Buy : 3 / 2
- RSI Period : 2 / 2
- RSI Ema Period : 5 / 5
- Maximum RSI Level for Buy : 30
* I also added a "mean vwap line" to be used for exits in this part of the strategy. In the original version, when small vwap crossovers big vwap, we close the position, but in this strategy we will wait for the close above the mean vwap.
TIPS AND WARNINGS
1-) The standard settings of this combo strategy is designed and tested with daily timeframe. For lower timeframes, you should change the strategy settings and find the best value for yourself.
2-) Only the mean vwap line is displayed on the graph. For a detailed view, you can delete the "//" marks from the plot codes in the strategy code.
3-) This is a strategy for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this strategy.
________________________________________________________
Bu stratejide, daha önce yayınladığım trend avcısı ve vwap ortalamaya geri dönüş stratejilerinin bir kombinasyonunu kullandım.
Sonuçlar özellikle bitcoin için oldukça etkileyici.
Bitcoin için hodl getirisi %13419 iken, stratejinin aynı dönemdeki getirisi bunun yaklaşık 5 katı (%65000) idi.
Bu kombo stratejide, birlikte kullanılan stratejilerin orijinal ayarlarında bazı değişiklikler yaptım ve bazı yeni özellikler ekledim.
Trend Avcısı Strateji Ayarları: (Orijinal / Combo)
- Yavaş Tenkansen Periyodu : 9 / 9
- Yavaş Kijunsen Periyodu : 26 / 13
- Hızlı Tenkansen Periyodu : 5 / 3
- Hızlı Kijunsen Periyodu : 13 / 7
- BB Uzunluğu : 20 / 20
- BB Standart Sapması : 2 / 2
- TSV Uzunluğu : 13 / 20
- TSV Ema Uzunluğu : 7 / 7
* Ayrıca long pozisyon açmak için onay aracı olarak kullanılmak üzere "vidya hareketli ortalama" ekledim. (Mum kapanışı vidya çizgisinin üzerinde olmalıdır.)
Vwap Ortalamaya Dönüş Stratejisi Ayarları: (Orijinal / Combo)
- Küçük Vwap : 2 / 8
- Büyük Vwap : 5 / 10
- Alış İçin Gerekli Fark Oranı : 3 / 2
- RSI Periyodu : 2 / 2
- RSI Ema Periyodu: 5 / 5
- Alış için gerekli maksimum RSI seviyesi : 30
* Stratejinin bu bölümünde pozisyondan çıkışlar için kullanılacak bir "ortalama vwap çizgisi" de ekledim. Orijinal versiyonda, küçük vwap, büyük vwap'ı yukarı kestiğinde pozisyonu kapatıyoruz, ancak bu stratejide, ortalama vwap'ın üzerindeki kapanışı bekleyeceğiz.
İPUÇLARI VE UYARILAR
1-) Bu birleşik stratejinin standart ayarları, günlük zaman dilimi ile tasarlanmış ve test edilmiştir. Daha düşük zaman dilimleri için strateji ayarlarını değiştirmeli ve kendiniz için en iyi değeri bulmalısınız.
2-) Grafikte sadece ortalama vwap çizgisi görüntülenir. Ayrıntılı bir görünüm için strateji kodundaki "plot" ile başlayan satırlarda grafikte görünmesini istediğiniz özelliğin önündeki "//" işaretlerini silebilirsiniz.
3-) Eğitim ve deneysel amaçlı bir stratejidir. Yatırım tavsiyesi olarak değerlendirilemez. Bu stratejiyi kullanarak gerçek piyasa işlem açarken dikkatli olmalı ve kendi risk değerlendirmenizi yapmalısınız.
TrendWave VWAP Indicator with ATR-based SignalsThe TrendWave VWAP Indicator with ATR-Based Signals is a robust TradingView tool for traders who prioritize precision and adaptability. This indicator combines the Volume-Weighted Average Price (VWAP) with the Average True Range (ATR) to provide actionable entry and exit signals while dynamically filtering out sideways market conditions. Designed with flexibility in mind, the indicator offers extensive customization options to tailor signals and filtering to individual trading styles.
Key Features and Customizable Settings
VWAP Integration
VWAP offers a volume-weighted benchmark, ideal for tracking price trends in relation to average trading levels. Customization: Traders can enable or disable VWAP functionality via a toggle, allowing easy adjustments based on market conditions or strategy preferences.
ATR-Based Signal Levels
ATR provides volatility-based levels for precise entry and exit points by measuring average price range. Customization: Traders can set the ATR length (default: 14) and the multiplier (default: 1.5) for adjusting sensitivity. A sideways threshold can be set to control the ATR value at which the indicator pauses signals, helping to avoid low-volatility markets.
Signal Cooldown
To reduce noise in choppy conditions, a signal cooldown enforces a minimum number of bars between signals. Customization: The cooldown period (default: 10 bars) can be adjusted to match preferred trading frequency and discipline requirements.
Signal Logic
Long Entry: Activated when price crosses above the VWAP in a trending market. Cooldown applies to avoid consecutive signals.
Long Exit: Triggered when price crosses below the VWAP.
Short Entry: Initiated when price crosses below the VWAP, in non-sideways conditions.
Short Exit: Occurs when price crosses back above the VWAP following a short position.
Visual Indicators
The VWAP is displayed as a line on the chart for easy trend reference. Entry and exit signals are clearly marked with color-coded shapes, enhancing readability without clutter.
Practical Application
The TrendWave VWAP Indicator with ATR-Based Signals provides tailored entries and exits for trending markets. Its customization options make it suitable for traders who require flexibility and precision in varying market conditions. By adjusting VWAP, ATR, and cooldown parameters, users can fine-tune the indicator to suit different trading styles, making it an essential tool for disciplined trading in dynamic markets.
Options Series - Technical Analysis Chart➤ Simple Technical Chart Only:
➤ With MA-20 Overlay and Volatility background bars:
➤ With RSI Candles:
⭐ Overview and How It Works:
This script provides a multi-asset analysis tool to assess various market conditions across four symbols simultaneously. It combines several indicators such as daily price change, Moving Averages (MA), Bollinger Bands (BB), Parabolic SAR, RSI, and VWAP to generate buy/sell signals and trend indicators. Its strength lies in the layered use of indicators to enhance signal reliability, making it valuable for traders needing cross-validation in decision-making.
⭐ Key Features and Functionality:
The script evaluates each symbol's price against various indicators and conditions:
Daily Price Conditions: It checks if each symbol’s close price is above or below the previous day’s open, close, and intra-day ranges, forming a foundational bullish/bearish condition.
Range Breakout 1st 5min Candle (ORB): Opening Range Breakout levels are calculated and compared with current close prices, detecting breakout/breakdown conditions.
ORB Body: This basically calculates the previous day Daily candle body size, if todays Daily candle body size is greater than previous day, then we can say that we are having good momentum else its likely to be in-sidebar trading.
Moving Averages (MA): It leverages EMA-20, 2-day, and 3-day exponential moving averages to gauge short to medium-term trends.
RSI and VWAP: Relative Strength Index (RSI) determines overbought or oversold conditions, while VWAP compares prices to volume-weighted levels.
Bollinger Bands and Trend Analysis: Detects volatility and potential breakout conditions.
Concept of ORB Body:
Current_PrevDay_Body = (math.max(var_Current_PrevD_Open, var_Current_PrevD_Close) - math.min(var_Current_PrevD_Open, var_Current_PrevD_Close))
Current_Upper_ORB = var_Current_D_Open + Current_PrevDay_Body
Current_Lower_ORB = var_Current_D_Open - Current_PrevDay_Body
Current_TodayDay_Body = math.max(var_Current_D_Open, var_Current_Close) - math.min(var_Current_D_Open, var_Current_Close)
Current_ORBBody = Current_TodayDay_Body > Current_PrevDay_Body
Current_Upper_ORB_bull = (var_Current_Close > Current_Upper_ORB)
Current_Lower_ORB_bear = (var_Current_Close < Current_Lower_ORB)
🎨 Visualizations and User Experience:
The script can dynamically display colored backgrounds indicating trends when conditions are met. For example, the bgcolor function changes the background when certain trend-based criteria are satisfied, offering visual cues to users. Additionally, the checkbox input toggles trend bar visualizations, enhancing user experience by providing a quick visual reference without needing to interpret individual data points manually.
RSI-Based Candle Coloring:
➤ The script customizes candle colors based on RSI thresholds, specifically defining upper (60) and lower (40) RSI levels. When the RSI value exceeds the upper threshold, candles are colored as bullish (green), and if it falls below the lower threshold, candles are colored as bearish (red). Neutral RSI values result in a default color (gray).
➤ This setup offers a visually intuitive way to identify potential trend directions based on RSI levels, making it ideal for traders looking to gauge momentum visually.
⭐ Settings and Customization:
With multiple user-configurable inputs, the script allows for tailored analysis. Customizable parameters, such as enabling/disabling trend bars and setting various look-back periods for indicators like Bollinger Bands and Moving Averages, make it adaptable to various trading styles and preferences. It also allows users to modify visual elements like colors and styles, improving flexibility.
⭐ Uniqueness of the Concept:
The unique aspect of this script is its multi-symbol approach combined with complex conditions. By comparing not only one but four symbols simultaneously, it provides a broader market view and allows traders to correlate signals across different assets, offering a potential edge for diversified or comparative strategies. Additionally, the incorporation of ORB and multi-timeframe MAs gives it a robustness often lacking in simpler single-symbol scripts.
🚀 Conclusion:
This script is a powerful multi-indicator tool suited for traders looking for a comparative, multi-symbol analysis. With features like ORB, Bollinger Band-based trend detection, and MA cross-verification, it can assist traders in identifying and validating trend signals across assets. The user-friendly visualizations and customizable settings further enhance its usability, making it versatile for various trading strategies and preferences.
Triple VWAP# Triple VWAP Indicator
## Description
The Triple VWAP Indicator is a powerful tool for traders who rely on Volume Weighted Average Price (VWAP) in their analysis. This indicator displays three VWAP lines on a single chart, each representing a different time frame: Session, Weekly, and Monthly.
## Features
- Session VWAP (Blue Line): Resets daily, providing intraday volume-weighted average price.
- Weekly VWAP (Green Line): Resets weekly, offering a medium-term perspective.
- Monthly VWAP (Red Line): Resets monthly, giving a longer-term view of price action relative to volume.
## How It Works
The indicator calculates the VWAP for each time frame separately, using the specified price source (default is HLC3). It then plots these values on your chart, allowing you to see how the current price compares to the volume-weighted average across different time periods.
## Use Cases
- Multi-timeframe Analysis: Compare short-term price movements against longer-term trends.
- Support and Resistance: VWAP lines often act as dynamic support/resistance levels.
- Mean Reversion: Identify potential overbought or oversold conditions when price deviates significantly from VWAP.
- Trend Confirmation: Use multiple VWAP lines to confirm trend strength and potential reversals.
## Customization
Users can customize the indicator by changing the price source and offset in the settings. The color and thickness of each VWAP line can also be adjusted in the code for personal preference.
## Note
This indicator is most effective on intraday charts but can provide valuable insights on any time frame. Remember that VWAP is typically most relevant for institutional traders on a session-by-session basis.
Enhance your trading strategy with the Triple VWAP Indicator – a versatile tool for comprehensive price-volume analysis across multiple time frames.
Dynamic levels from higher TF: EMA, SMA, OHLC, Bollinger, Vwap[ AR ] iLevels - indicator is intended for displaying important levels from a current and higher timeframe.
The indicator hides levels if they are far from the current price . The concealment range is based on the ATR * multiplier value. This keeps the graph clean and not shrinking .
Available levels:
- EMA - 5, 10, 20, 50, 100, 200, 300, 400, 500, 1000, 2000
- SMA - 20, 50, 100, 200
- Current day - Open/High/Low/Close
- Prev day - Open/High/Low/Close
- Prev days - Historical Open/High/Low/Close
- Vwap
- Local Bollinger - upper and lower channel boundaries from current timeframe
--- Detailed description ---
Why do you need an indicator?
The indicator is designed to display the most important levels from the current and upper time frames, which are support/resistance for the price. You do not need to constantly search for the level on the upper time frame and track it on the current one. For ease of understanding, here we will assume that the main time frame is one minute, and the upper one is daily, and we are trading intraday. Of course the indicator works on any time-frame. And the most convenient moment is that the indicator automatically hides and shows levels near the current price so that the chart does not shrink (does not increase along the vertical axis). An important point - the level is calculated for the current bar, i.e. 20 bars ago most likely it was not at this value (but you can see it through the market simulation). This means that the levels move with the price change and they are always horizontal for the current bar, and not historical in general.
Benefits
Automatic hiding of levels depending on ATR
Levels from the current time frame: Bollinger, Vwap
Levels from the upper time frame: Open/High/Low/Close of the current day and Open/High/Low/Close of the previous day
Levels from the upper time frame: popular EMAs, popular EMA fibonacci, popular SMA, previous historical High/Low, if the price did not touch them
Table (summary) with levels for quick orientation
When hovering over a table/level, a tooltip appears in%
Everything can customized. Levels, colors, styles, hints - you can customize everything and make a dream indicator.
Available levels
EMA and SMA
A whole set of popular EMAs from the higher time frame: 5, 10, 20, 50, 100, 200, 300, 400, 500, 1000, 2000. Fibonacci EMAs: 13, 34, 55, 89, 144, 233
In our basic example, we add the EMA from the daily chart to the minute chart:
SMA added only the most popular: 20, 50, 100, 200
Vwap and Bollinger Bands from the current time frame
Open/High/Low/Close of the current and previous day (bar)
Open/High/Low/Close of the current (example: Current Open) and the previous bar (example: Prev Open) are requested from the higher time frame. If we use the indicator on the data of the daily chart, then we get the open/close/min/max levels of the current and the previous day. These are the usual Pivot levels that can be used as support/resistance:
Historical Open/High/Low/Close
These are the Open/High/Low/Close values of 50+ previous bars from the upper time frame. Marked as o3 (the Open value of the 3rd bar back), H55 (the High value of the 55th bar back), etc. They serve as excellent support/resistance levels, you just need to look at the upper chart to determine the significance of this level
In our example with a one-minute chart and an upper daily time frame, we can, for example, see the exact values of the historical maximum resistance or some significant support at the close of the gap.
By default, only High and Low are enabled, as they are the most significant. The summary hint contains a letter after the level - R or S, respectively, this is resistance or support.
Another good example of historical levels. On the left chart there is a daily time frame, on the right is a minute with an indicator. The indicator accurately shows the nearest historical support Low 14, 19 and 54. On the left I have highlighted them for clarity:
Lines and labels
The line is the "level". The line is the ray. It starts from the last bar and goes to the left. Since this is a ray, looking at the historical data (rewinding the chart back), it will not rescale and collapse the chart.
Label is the abbreviated name of the level, for example V (Vwap), e50 (EMA 50), or H17 (High 17). The title has been abbreviated so as not to clutter up the graph. When you hover the mouse, a tooltip appears with the full name of the level, the price and the difference in % to this level from the current price.
Settings
The indicator is very flexible and you can customize it absolutely for any needs and tasks.
Higher time frame
This is the timeframe from where the indicator requests data for most levels.
You can use different variations: minute/day, day/week, etc.
Atr Multiplier
This is the setting that allows you to decrease/increase the number of displayed levels.
It's simple - a “space” is created near the price above and below. If the level falls into this “space”, then it is displayed.
The space above is calculated as:
Price + (ATR * AtrMultiplier) and below as: Price - (ATR * AtrMultiplier)
While on the minute chart, it is optimal to use the value up to 10, on the hourly chart - up to 2-3, on the daily chart - 0.5, etc.
Line Right Shift, Label Right Shift
How many bars the levels and labels above them move from the last bar. If Line Right Shift is set to negative, the line will start at this point and go to the right side of the chart.
Show Lines ?, Show Labels?
Need to show lines or labels above them? You can turn off one option and use only the other - lines without labels or vice versa.
Show Summary table?
Summary table is a table of data that conveniently displays the full name of the levels and the price. Hover displays a tooltip with levels as a percentage.
To maximize the acceleration of the trader, the following has been done:
Levels sorted by price
The table is split in two. Green table above - levels are more expensive than the current price (possible resistance). Red table below - levels are cheaper than the current price (possible support)
Distance between tables = ATR. We quickly and easily understand the value of ATR by looking at this distance. You can compare it with the nearest bars, which will give good information.
Show ATR in Summary?
In the lower table showing the value of the current ATR. Convenient, no additional indicator needed.
Always show in Summary
A list of levels that must always be displayed on the table, even if they are far away and have not appeared. The short names of the levels are specified, separated by commas. My basic set is Open, Vwap, EMA 10, EMA 20, Bollinger High, Bollinger Low.
Always show Levels
What levels should be displayed, even if they are far away. Bollinger channels are my choice. You can add Vwap, but in some cases it will compress the graph a lot, so Vwap is only in Summary by default.
Hide labels
In order not to clutter up the graph, you can remove some of the labels. For example, Bollinger Bands have their own style and are perceived visually - a mark above the level is not needed. You can add Vwap.
Replace labels on *
Which labels need to be replaced with an asterisk so as not to clog the graph. For example, this is Vwap, which has its own style. You can hover over the star and get a tooltip for the price.
Replace ALL labels on *
You can massively replace all tags with asterisks and get information when you hover over them.
Show Prevs Open/High/Low/Close?
4 settings that allow you to show historical levels. The labels are o12, H4, L72, c8. By default, only High and Low are enabled due to their significance.
Max Prev Days - how many bars back to get historical levels. Limited by TradingView's abilities and you can get about 50-100 bars back.
Current/Prev Open/High/Low/Close?
8 settings for displaying 8 levels of the current and previous day, which are important boundaries for the price. Current Close is disabled by default, as this is the current price level and is highlighted in TradingView.
Vwap?, Local Bollinger?, Sma ?, Ema?
Vwap level, Bollinger channels and a complete list of available Ema/Sma.
The most popular ones are enabled by default.
Color/Style/Width
Visual settings for lines. All lines are divided into 7 groups. Styles are customizable for the group as a whole.
Life hacks
You can add the indicator multiple times to the chart and set each copy to different time frames. For example, you have a minute chart. You add the indicator 3 times and set each indicator to daily, hourly and 15 minute time frames. Next, you set up the styles and colors for the lines on each indicator so that you can easily distinguish them from each other. Thus, you will not miss a single important level when trading intraday.
Known Issues
The main problem is overlapping of labels and levels. Overlapping labels is difficult to solve, but work is underway.
A side issue is the visual styles of levels and labels. The main goal is to create well-visually perceptible lines so that they can be instantly identified without reading the mark. We need to create a good color scheme for the level groups.
How can the community help and improve the indicator?
Suggest ideas.
Please, write them in the comments. Suggest edits to existing functionality. Suggest solutions to problems, new features, etc.
I believe that the community's suggestions for improvement can bring the indicator to perfection.
Thanks you!
[KVA] Custom Sessions Custom Sessions: Multi-Timeframe Analysis & Key Level Insights
Introduction:
Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances of market movements by analyzing candlestick behavior within those sessions, offering a nuanced view of market trends, liquidity, and potential turning points.
Core Features :
Session Customization : Tailor trading sessions to align with your strategy, focusing on the markets that matter most to you. Whether it's London, New York, Tokyo, Sydney, or Frankfurt, you have the control.
Enhanced Market Insight : Beyond session timing, gain a refined understanding of market dynamics through detailed candlestick analysis within each session, providing a granular view of price action.
Comprehensive Analysis Tools : Alongside session analysis, the indicator includes features like VWAP (Volume Weighted Average Price) and Fibonacci retracement levels, offering a multifaceted approach to market analysis across chosen timeframes.
VWAP : Gain insights into the market's trend and liquidity by viewing the Volume Weighted Average Price calculated for the custom timeframe.
Fibonacci Retracement Levels : Easily identify potential reversal points with automatically plotted Fibonacci levels at 0.236, 0.382, 0.5, 0.618, and 0.782for each candle
Real-Time Updates : As the market moves, so does " Custom Sessions," offering real-time insights that adapt to the unfolding market conditions.
Utilization Guide :
Configure Your Sessions : Begin by setting up the sessions that are most relevant to your trading approach, customizing their times as needed.
Select the Desired Timeframe : Input your preferred higher timeframe to analyze data that is most relevant to your trading strategy.
Dive into the Details : Use the detailed candlestick analysis within sessions to pinpoint potential entry and exit points, supported by VWAP and Fibonacci levels for deeper market insight.
Customize Your View : Adjust the visual aspects of the indicator, including session color coding and which elements to display, tailoring the tool to your preferences.
Acknowledgements :
A special thanks to Aurocks_AIF for their foundational work on "Sessions on Chart" . This project has been an invaluable resource, inspiring the development of " Custom Sessions" and pushing the boundaries of traditional session analysis.
Final Thoughts :
" Custom Sessions" is more than just an indicator; it's a comprehensive analysis tool that brings a new depth to the understanding of market sessions. By offering detailed insights into the behavior of candles within these sessions, along with essential analysis features, this indicator is a must-have for traders seeking to enhance their technical analysis arsenal.
Whether you're a day trader looking to capture short-term movements or a long-term investor seeking broader market insights, this indicator offers valuable data visualization to enhance your trading decisions. By integrating highs, lows, VWAP, and Fibonacci levels into your analysis, you gain a comprehensive view of market behavior across different timeframes and sessions
Smoothed RSI w/ VWAP & Moving AverageThis indicator is the default Tradingview RSI with smoothing and an RSI based VWAP. I've also added the RSI based VWAP to the Moving Average options list. By default, the RSI based VWAP is turned on with the WMA selected as the Moving Average. The RSI changes colors when it is above the 55 level, VWAP, and Moving Average or below the 45 level, VWAP, and Moving Average. There is also an option for barcoloring based on the RSI colors.
Default settings
Default settings w/ Barcoloring
VWAP off w/ Bollinger Bands as the Moving Average
VWAP on w/ Bollinger Bands as the Moving Average and Barcoloring
VWAP as the Moving Average option
MTF Key Levels - Support and ResistanceThis indicator shows how to Multi Time Frame (MTF) interpret levels:
Watch how price acts around these levels and how they can act as support/resistance and can be used as great confluence levels for your technical analysis.
This indicator displays:
VWAP Levels
Daily / Weekly / Monthly / Yearly
Within the chart above I have marked out how displaying these VWAP levels can provide support and resistance levels to be aware of.
Daily – Weekly - Monthly – Yearly Levels
O = Open / H = High / L = Low
pO = Previous Open / pH = Previous High / pL = Previous Low / pEQ = Previous Equlibrium
Having previous Low/High levels makes you aware of Swing Failure Patterns (SFP). Also the daily/weekly/monthly opening and previous opening can assist with the trend.
Daily Open: Gives you an idea who is in control for the day. This level very often acts as strong support or resistance.
Weekly Open: Indicates where the price is within the higher timeframe.
Monthly Open & Yearly Levels: Overview of direction for the whole month without looking at a monthly chart and Yearly chart
Line Options
Within the line options you can choose to have a clean chart and display a “short line”. These line length can be adjusted by the user.
Line just to the right.
Line across the screen.
Disclaimer: The Monthly and Yealy VWAP will only show on higher timeframes this is due to restriction of how many candles can be shown on the chart. The candles displayed need to go back to either the start of the month of year to be able to calculate their VWAPs.
Day Selectable Weekly Anchor VWAPSimple script to anchor VWAP on selected day of the week.
It is very useful when you want to anchor VWAP from a particular day instead of default Monday when you use weekly VWAP
Please note that this is a weekly VWAP and not daily or monthly vwap.
Example use case:
Lets say I want to anchor VWAP on specific day like Friday instead of Monday, I would just select the Friday from the drop down window and voila!
Rolling Strategic AVWAPThe Rolling Strategic AVWAP gives you the ability to have the standard AVWAP indicators applied across all charts in all timeframes. There is no manual intervention necessary to keep all the standard VWAPs up to date. This indicator is written so that all weekends and trading holidays are taken into account so you never have any gaps or days where the indicator isn't working.
Standard rolling AVWAP indicators:
Daily
2-day
3-day
Week-to-Date
Month-to-Date
Year-to-Date
Additionally I have supplied several custom labeled AVWAP indicators that the user can adjust the date themselves
Custom Fixed AVWAP indicators:
Prior Week-to-Date
Prior Month-to-Date
Prior Year-to-Date
Fed rate decision
Inflation report
GDP report
Jobs report
3 more labeled Custom1-3
These custom locations will allow the user to anchor the VWAP to meaningful dates and times in the market. Often there are large moves due to global macro events that can give the trader an edge by referencing the VWAP to the date and time.
Labels and Display
There are options to turn on and off any of the AVWAPs, as well as turning on and off the display labels below the candles.
BANKNIFTY STOCKS VWAP PlotsThis script plots a line in different colors based on how many high weightage stocks of banknifty are under vwap.
WORKS BEST on 1m and 2m candles.
stocks used to track are :
HDFC BANK
ICICI BANK
KOTAK BANK
SBI
INDUSIND BANK
If > 80% are below vwap then RED
If > 60% to < 80% below vwap then orange
if > 40% and < 60% below vwap then yellow
if < 40% below vwap then green
Any suggestions to add extra indicators is most welcomed.
Market VWAPsIt's annoying to have to redraw the anchored VWAPs over and over, so I wrote an indicator that will create an anchored VWAP for every session and daily open.
Session times are configurable. Disable the ones in Styles that you don't need.
Enjoy!
[astropark] VWAP Crosses [alarms]Dear Followers,
today a new Swing and Scalping Strategy based on WVAP , mainly designed for Bitcoin and High-Cap Cryptocurrencies, like Ethereum. It works also on Forex and Stocks.
It works great since 15m and above till 1D. I suggest you to use it on 15m, 30m or 1h timeframes .
VWAP or "Volume Weighted Average Price" is a volume-based indicator similar to a moving average.
This trading indicator is used to identify market resistance and support levels and is represented as a weighted average price for the treaded volumes.
My strategy will help you identify main support-resistance level to be careful of and it will trigger a buy or a sell depending on how price will intereact with vwaps.
green means we are in a bullish trend, in fact it start with a "buy" signal
red means we are in a bearish trend, in fact it start with a "sell" signal
blue means we are in a moment where trend may change, so be careful and always remember that taking profits is awesome and have a stoploss is a must in trading
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin) or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management .
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found here below:
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] VWAP Crosses [strategy]Dear Followers,
today a new Swing and Scalping Strategy based on WVAP , mainly designed for Bitcoin and High-Cap Cryptocurrencies, like Ethereum. It works also on Forex and Stocks.
It works great since 15m and above till 1D. I suggest you to use it on 15m, 30m or 1h timeframes .
VWAP or "Volume Weighted Average Price" is a volume-based indicator similar to a moving average.
This trading indicator is used to identify market resistance and support levels and is represented as a weighted average price for the treaded volumes.
My strategy will help you identify main support-resistance level to be careful of and it will trigger a buy or a sell depending on how price will intereact with vwaps.
green means we are in a bullish trend, in fact it start with a "buy" signal
red means we are in a bearish trend, in fact it start with a "sell" signal
blue means we are in a moment where trend may change, so be careful and always remember that taking profits is awesome and have a stoploss is a must in trading
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin) or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management .
This script will let you backtest this script and check profitability on your preferred market.
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for astropark "VWAP Crosses"
This is a premium indicator , so send me a private message in order to get access to this script.
Flunki ZWAPometer - ZWAP Resets / Extremes
Here with another VWAP based indicator, this time using ZWAP (distance from VWAP) and flagging the extremities and crosses of each side, and graphing the bars since the last breach.
This basically gives a Bull / Bear energy / momentum
Yellow highlights = zero crossing , not entirely sure this is useful as of yet, but can give an early warning of a change - let me know if you find a genuine use for it !
Gray highlights = extreme reached, this generally signals exhaustion of the trend energy for Bull or Bear (depending on which side is reset obviously)
May develop further ; add bar colour options and more precise highlights, but only if it's of use to anyone.
Enjoy !
Flunkimoku
Rumpy's Murrey Math Lines & VWAPs - (pine v4)Murrey Math lines based on weekly closes plus VWAP and pine v4 goodies. Options for adjusting label visibility and disabling vwaps individually.
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If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
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With only MMLs :
Volatility Stop with Vwap StrategyFirst the credits goes to @TradingView for their release of the volatility stop mtf indicator.
I have took it, and inside I have added a weekly vwap for a better trend direction and at the same time I have added a dynamic risk managment which is calculated from the distance between the volatility line to the close of the candle.
The rules for entry are simple:
For long:We enter when our close of the candle is above the volatility stop line and at the same time the close of the candle is above weekly vwap
For short we enter when our close of the candle is below the volatility stop line and at the same time the close of the candle is below weekly vwap.
We exit when we either have a reverse signal than the one we enterred, or based on the TP/SL which is calculated with the distance from vwap to the close of the candle.
If you have any questions please let me know !
[Kronorium] - VWAP Fibonacci Channels/ExtensionsSimple indicator that creates retracement levels at each major Fibonacci interval above and below VWAP.
VWAP is depicted as the thick yellow line in the middle of the channels.
When the trend is above VWAP (yellow), you can view this as bullish, vice versa, below yellow is bearish.
Each level after being above or below VWAP has a Fibonacci "rung", like on a ladder, you'll notice price jumping in and out of each of these levels.
Bank Nifty ScalpingThis indicator is designed for scalping purposes.
Users have the option to input the desired source and enable or disable the following indicators:
Multiple EMA (Exponential moving average)
Simultaneously displays multiple moving averages to quickly identify shifts in momentum and obtain confirmation from slower-moving averages.
By default, the EMA display settings are configured to show the 20-day EMA and the 200-day EMA. However, users have the flexibility to modify the display settings according to their preferences. This means that users can customize the indicator to show the EMA values of their choice, such as EMA 50 and EMA 100.
VWAP ( Volume weighted average price )
Default value is set to ‘hl2’
A bullish trend is indicated when the price is above the Volume Weighted Average Price (VWAP), while a bearish trend is indicated when the price is below the VWAP.
VWMA ( Volume weighted moving average )
In the VWMA (Volume Weighted Moving Average) indicator, a default value of 20 is used. If the price is higher than the VWMA, it typically indicates a bullish trend. Conversely, if the price is lower than the VWMA, it suggests a bearish trend. The VWMA takes into account both price and volume, providing a weighted average that can help identify shifts in market sentiment.
Multiple SuperTrends
Default value is 10 and 2 / 10 and 3
A bullish trend is identified when the price is above the SuperTrend indicator, whereas a bearish trend is observed when the price is below the SuperTrend indicator.
Camarilla Pivot Points (Level 3 and 4 only)
Levels 3 and 4 serve as crucial support and resistance levels, acting as the final line of defense against strong trends. These levels are expected to generate reversals, where price often changes direction.
CPR ( Central Pivot Points)
The Daily Central Pivot Point Indicator is a popular tool used in technical analysis. It calculates several levels based on the previous day's high, low, and closing prices.
Strong Volume
The user has the ability to set the average volume for Nifty and BankNifty indices to calculate strong volume.
Elder Impulse System
The Impulse System, developed by Alexander Elder and discussed in his book "New Trading for a Living," is a censorship trading system designed to determine whether a trade should be allowed or prohibited. Additionally, it can be used to identify when a trend is starting to weaken. The Impulse System relies on the following factors:
1. Slope of a Fast Exponential Moving Average (EMA): The fast EMA's slope reflects the price's inertia or momentum.
2. Slope of the Moving Average Convergence Divergence (MACD): The MACD's slope indicates the strength or power of the price movement.
Based on these factors, the Impulse System categorizes candles or price bars into three colors:
* Green Candle: When both the fast EMA and MACD are rising, indicating upward momentum.
* Red Candle: When both the fast EMA and MACD are declining, suggesting downward momentum.
* Blue Candle: In all other cases where the conditions for green or red candles are not met, representing a neutral or uncertain market condition.
By applying the Impulse System, traders can gain insights into the market trend, its strength, and potential shifts in momentum, helping them make informed trading decisions.
Happy Trading
Bogdan Ciocoiu - Sniper EntryWhat is Sniper Entry
Sniper Entry is a set indicator that encapsulates a collection of pre-configured scripts using specific variables that enable users to extract signals by interpreting market behaviour quickly, suitable for 1-3min scalping. This instrument is a tool that acts as a confluence for traders to make decisions concerning current market conditions. This indicator does not apply solely to an asset.
What Sniper Entry is not
Sniper Entry is not interpreting fundamental analysis and will also not be providing out of box market signals. Instead, it will provide a collection of integrated and significantly improved open-source subscripts designed to help traders speculate on market trends. Traders must apply their strategies and configure Sniper Entry accordingly to maximise the script's output.
Originality and usefulness
The collection of subscripts encapsulated in this tool makes it unique in the Trading View ecosystem. This indicator enables traders to consider entry positions or exit positions by comparing similar algorithms at once.
Its usefulness also emerges from the unique configurations embedded in the indicator's settings, which are different from those of the original scripts.
This indicator's originality is also reflected in how its modules are integrated, including the integration of the settings.
Open-source reuse
I used the following open-source resources, which I simplified significantly and pre-configured for short term scalping. The source codes for the below are already in the public domain, including the following links listed below.
www.tradingview.com (open source)
(open source and generic algorithm)
www.tradingview.com (open source)
(open source)
(open source)
www.tradingview.com (generic MA algorithm and open source)
(generic VWAP algorithm and open source)
rb-vwapDeveloper: Andrew Palladino + Rob Booker.
Description: Allows to plot multiple volume weighted moving average lines that start a specified day/time. Currently supports a weekly and monthly VWAP.
1) The Weekly VWAP starts the calculation at a specific time of the week. Default is set to Monday.
2) The Monthly VWAP starts the calculation at a specific time of the month. Default is set to 1.
rth vwapPlots the RTH (regular trading hours) VWAP. This is intended for instruments with volume only and mostly for futures. Time zone is set to EST, but start and end times of the VWAP can be configured. Standard setting is set to US equity index futures regular trading hours of 9:30 EST to 16:00 EST.
