Ultimate VWAP Bands

2020년 10월 12일

- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.

- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.

- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.

- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.

2020년 11월 15일

릴리즈 노트

Added an optional 2nd and 3rd VWAP. Timeframes can be adjusted. By default the 2nd is set to 'D' (Daily), with the 3rd set to 'W' (Weekly)

2020년 11월 15일

릴리즈 노트

Changed the 2nd and 3rd VWAP's

2020년 11월 16일

릴리즈 노트

Ability to apply the bands to the 2nd and 3rd VWAP

2021년 4월 13일

릴리즈 노트

Please find the new version of this on my profile called "Ultimate VWAP Bands w/Wolfpack".

1. Improved code
2. Dynamic VWAP multiplier
3. Wolfpack Bull/Bear Trend Included

2022년 7월 6일

릴리즈 노트

Updated. Now includes a trend indicator as well as better formatting

2022년 7월 6일

릴리즈 노트

Changes and chart update

2022년 9월 28일

릴리즈 노트

Added the ability to use the manual multiplier alongside the dynamic multiplier. When both tick boxes are set to true