OPEN-SOURCE SCRIPT
ueuito VWAP + VWAP Previous Day End
This script is a fully featured VWAP indicator, based on the standard Volume-Weighted Average Price formula used by professional traders. It calculates the VWAP anchored to the selected period and also provides optional standard deviation or percentage-based bands.
In addition to the traditional VWAP logic, this version introduces an important enhancement:
⭐ Previous Day VWAP Closing Line (New Feature)
The script automatically calculates the final VWAP value of the previous trading day and plots it as a horizontal line at the start of each new session.
This line remains visible throughout the current day, allowing traders to quickly identify where the market closed relative to the VWAP on the prior day.
This added feature provides several advantages:
Highlights a key institutional reference level that is often used for mean-reversion setups.
Allows intraday traders to compare current price action with the previous session’s VWAP benchmark.
Helps identify support/resistance behavior around the prior VWAP close.
The line is customizable with options for:
Color
Width
Style (solid, dashed, dotted)
On/off toggle
✔ Summary of Features
Standard VWAP calculation with optional session or custom anchors
Three optional VWAP bands (standard deviation or percentage based)
Fully configurable appearance settings
Previous Day VWAP Closing Line added as a key enhancement
Works on any intraday timeframe
Automatically resets at the start of each trading session
In addition to the traditional VWAP logic, this version introduces an important enhancement:
⭐ Previous Day VWAP Closing Line (New Feature)
The script automatically calculates the final VWAP value of the previous trading day and plots it as a horizontal line at the start of each new session.
This line remains visible throughout the current day, allowing traders to quickly identify where the market closed relative to the VWAP on the prior day.
This added feature provides several advantages:
Highlights a key institutional reference level that is often used for mean-reversion setups.
Allows intraday traders to compare current price action with the previous session’s VWAP benchmark.
Helps identify support/resistance behavior around the prior VWAP close.
The line is customizable with options for:
Color
Width
Style (solid, dashed, dotted)
On/off toggle
✔ Summary of Features
Standard VWAP calculation with optional session or custom anchors
Three optional VWAP bands (standard deviation or percentage based)
Fully configurable appearance settings
Previous Day VWAP Closing Line added as a key enhancement
Works on any intraday timeframe
Automatically resets at the start of each trading session
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.