Ultimate VWAP Bands
- 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.
- 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.
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)
릴리즈 노트:
Changed the 2nd and 3rd VWAP's
릴리즈 노트:
Ability to apply the bands to the 2nd and 3rd VWAP
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
1. Improved code
2. Dynamic VWAP multiplier
3. Wolfpack Bull/Bear Trend Included
릴리즈 노트:
Updated. Now includes a trend indicator as well as better formatting
릴리즈 노트:
Changes and chart update
릴리즈 노트:
Added the ability to use the manual multiplier alongside the dynamic multiplier. When both tick boxes are set to true