PROTECTED SOURCE SCRIPT
MULTITIMEFRAME_VWAP_MANOJ
Diupdate
VWAP is a powerful concept.
It denotes the fair price that is traded in the market.
In other words, it represents a variance of POINT OF CONTROL (POC) which is a Market Profile / Volume Profile Concept.
It is a leading indicator as it is dependent on the price and volume .
Usually VWAP is used for intraday trades and Trading view as an in built indicator which works only for intraday.
This script plots daily vwap , monthly vwap , quarterly vwap and yearly vwap .
The suggested combination is :
intraday charts - daily vwap
daily charts - monthly and / or quarterly vwap
weekly charts - quarterly and / or yearly vwap
It denotes the fair price that is traded in the market.
In other words, it represents a variance of POINT OF CONTROL (POC) which is a Market Profile / Volume Profile Concept.
It is a leading indicator as it is dependent on the price and volume .
Usually VWAP is used for intraday trades and Trading view as an in built indicator which works only for intraday.
This script plots daily vwap , monthly vwap , quarterly vwap and yearly vwap .
The suggested combination is :
intraday charts - daily vwap
daily charts - monthly and / or quarterly vwap
weekly charts - quarterly and / or yearly vwap
Catatan Rilis
Previous day Vwap added.
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