OPEN-SOURCE SCRIPT
Multi-Day Rolling VWAP [Intraday]
Ideas from Brian Shannon's book "Anchored VWAP"
The Multi-Day Rolling VWAP indicator for intraday timeframes allows you to track the Volume Weighted Average Price (VWAP) over multiple days, specifically for 1-day, 2-day, 3-day, 4-day, and 5-day periods. This indicator beyond the standard daily VWAP provides a broader perspective on price trends and market sentiment.
Features:
- Multi-day VWAPs: Analyze VWAP over several days to observe longer-term price movements.
- Customizable display: Choose which VWAP periods to display on the chart
- Colorize: Choose different colors for each VWAP to easily distinguish between periods.
- Adjustable settings: Change the line thickness and select the price source for VWAP calculations.
- Works with Replay Mode
- Works in any intraday timeframe on any asset with volume and price
Benefits:
- Trend identification: Compare current prices with multi-day rolling VWAPs to spot trends.
- Spot reversals: Look for potential price reversals or support when prices cross VWAP lines.
The Multi-Day Rolling VWAP indicator for intraday timeframes allows you to track the Volume Weighted Average Price (VWAP) over multiple days, specifically for 1-day, 2-day, 3-day, 4-day, and 5-day periods. This indicator beyond the standard daily VWAP provides a broader perspective on price trends and market sentiment.
Features:
- Multi-day VWAPs: Analyze VWAP over several days to observe longer-term price movements.
- Customizable display: Choose which VWAP periods to display on the chart
- Colorize: Choose different colors for each VWAP to easily distinguish between periods.
- Adjustable settings: Change the line thickness and select the price source for VWAP calculations.
- Works with Replay Mode
- Works in any intraday timeframe on any asset with volume and price
Benefits:
- Trend identification: Compare current prices with multi-day rolling VWAPs to spot trends.
- Spot reversals: Look for potential price reversals or support when prices cross VWAP lines.
Skrip open-source
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