You might have heard that simple moving average barks twice, then you will also notice that volume weighted moving average is even more horrible. Thanks to Trading View all I had to do was to replace SMA function with EMA.
VWEMA can be used as an adaptive moving average or even an alternative to VWAP.
릴리즈 노트
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Simulative Volume is here (too). If volume is not available for any security, replace it with one click. Out put is not much different!
Interesting idea. I have it side by side with the chandelier exit indicator and they roughly have the same crossing points (high or close above line), which is interesting as the calculations are very different. Good job
moathanabtawi
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Great indicator thank you @RezzaHmt is there any update to VWEMA ?
BCV_Trading
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Great indicator! But what's the difference of it from vwap, except exponential component?
RezzaHmt
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@BCV_Trading, VWAP resets at the beginning of the day but VWEMA continues from the last mark of the previous day. And VWEMA, unlike VWAP, can be applied on all intervals while maintaining its efficiency.
joelly3d
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Interesting idea to have stimulative volume for things liek crypto that don’t have volume values.
MIKETDOG
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Good job and excellent indicator!
I wanted to ask if there's anyway to implement these into Bollinger bands instead of a SMA, I tried using pine script but it will only allow me to use built in functions.
If you got any info on this it be much obliged!
RezzaHmt
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@MIKETDOG, You have to build a function for VWEMA and then simply replace SMA with VWEMA.
However I'm not expecting it to turn into something perfect.
There is another way also. you can use my Moving Average Collection script. It may be a bit difficult to set it up at the beginning but it's easier than coding.
RezzaHmt
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This is VWEMA 34 and BB bands set up using MAC:
MIKETDOG
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@RezzaHmt, Thanks a lot man! Best of luck to you with your coding.
Koalafied_3
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Great code, I prefer to use the EMA to the SMA and i'm working at a VWMA/MA strategy. I'm used to trading with an EMA so an VWEMA/EMA strategy is preferred. Cheers.