Average Price by Atilla Yurtseven

Hi Traders,

This is one of the most important indicators i have developed and I use it all the time and would like to share it with you.

What is Average Price?

Average price basically shows you the average of the price for the selected period. Let's say you are analysing in hourly chart and you want to know what is the monthly or weekly average price. This indicator helps you to see the average price of selected period. This is not a VWAP but you can enable VWAP from options.

Let's say your favorite period for Average price is 1 month. Average Price indicator will reset at the beginning of the each month and you can still enable volume weighted (I personally don't use VWAP).

I have also added deviations of average price. This is very useful option. Works like Bollinger Bands. Optionally, previous period's average price can be plotted onto your charts and they work like support and resistance.

Please remember to follow me on TradingView so you will be notified as soon as i share a new script or idea.

Disclaimer: This is not financial or investment advice

Trade safe,
Atilla Yurtseven