VWAP with 3 standard deviations, based on the "Orderflow VWAP from NinjaTrader.
When Price is ABOVE VWAP = VWAP turns GREEN
When Price is BELOW VWAP = VWAP turns RED
The Standard Deviation Bands are considered "echoes" of the VWAP with different multipliers, acting as support/resistance and areas of interest.
Big thanks to @CryptoMF and @Barnz from The Cave for the assistance with this indicator.
When Price is ABOVE VWAP = VWAP turns GREEN
When Price is BELOW VWAP = VWAP turns RED
The Standard Deviation Bands are considered "echoes" of the VWAP with different multipliers, acting as support/resistance and areas of interest.
Big thanks to @CryptoMF and @Barnz from The Cave for the assistance with this indicator.
릴리즈 노트:
Updated Example Chart and Title
릴리즈 노트:
Plots were duplicated when showing labels on the price axis. This has now been fixed.
릴리즈 노트:
Added ability to view "Previous VWAP Close", and added label to read as such on axis.
릴리즈 노트:
Updated Colors based on Standard Deviations, Deviation Labels/Percentages, and fixed "Previous VWAP Close" Plot.
Green = 1σ = 34.1%
Yellow = 2σ = 13.6%
Red = 3σ = 2.1%
Green = 1σ = 34.1%
Yellow = 2σ = 13.6%
Red = 3σ = 2.1%
릴리즈 노트:
Changed Setting Labels for Standard Deviations.
릴리즈 노트:
Added percentages to the labels in regards to the standard deviations:
Around 68% of Price Action will be contained between 1σ and -1σ
Around 95% of Price Action will be contained between 2σ and -2σ
Around 99% fall between 3σ and -3σ
Around 68% of Price Action will be contained between 1σ and -1σ
Around 95% of Price Action will be contained between 2σ and -2σ
Around 99% fall between 3σ and -3σ
릴리즈 노트:
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릴리즈 노트:
Changed default indicator timeframe to Daily "D" for intra-day scalping/trading.
For CHART timeframes H1 and below, the INDICATOR functions best on the Daily "D" Timeframe.
For CHART timeframes H1 and above, the INDICATOR functions best on the Weekly "W" Timeframe.
For CHART timeframes 1D-3D, Indicator functions best on the Monthly "M" Timeframe.
Indicator timeframes can be set to any variation such as 2D, 3D 3M, etc.
For CHART timeframes H1 and below, the INDICATOR functions best on the Daily "D" Timeframe.
For CHART timeframes H1 and above, the INDICATOR functions best on the Weekly "W" Timeframe.
For CHART timeframes 1D-3D, Indicator functions best on the Monthly "M" Timeframe.
Indicator timeframes can be set to any variation such as 2D, 3D 3M, etc.
릴리즈 노트:
Changed VWAP Width
릴리즈 노트:
Made "Prev VWAP Close" line width smaller.
릴리즈 노트:
Edited Previous VWap Close Settings
릴리즈 노트:
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