VWAP Supply and Demand ZonesThis is my 1st indicator enjoy.
Description of the VWAP Supply and Demand Zones indicator:
This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a benchmark to measure the efficiency of trading and to identify trends and price levels.
The indicator plots the VWAP as a blue line on the chart, and also plots two other lines above and below it, which represent the upper and lower bounds of the supply and demand zones. The width of these zones can be adjusted by changing the “Zone Width” input parameter.
The indicator also plots shapes on the chart to mark when a supply or demand zone is formed. A supply zone is formed when the price crosses above the VWAP and then falls back below it, indicating that there is more selling pressure than buying pressure at that level. A red triangle is plotted above the bar where this happens, and a red zone is drawn between the previous close and previous VWAP values.
A demand zone is formed when the price crosses below the VWAP and then rises back above it, indicating that there is more buying pressure than selling pressure at that level. A green triangle is plotted below the bar where this happens, and a green zone is drawn between the previous close and previous VWAP values.
The supply and demand zones can be used as potential areas of support and resistance, where traders can look for reversal or continuation signals. For example, if the price enters a supply zone from below, it may indicate that sellers are willing to sell at higher prices, which could lead to a bearish reversal. Conversely, if the price enters a demand zone from above, it may indicate that buyers are willing to buy at lower prices, which could lead to a bullish reversal.
The indicator can be applied to any timeframe or market, but it may work better on higher timeframes where volume data is more reliable. It can also be combined with other indicators or tools to confirm or filter signals.
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VWAP & Previous VWAP - MTF█ Volume Weighted Average Price & Previous Volume Weighted Average Price - Multi Timeframe
This script can display the daily, weekly, monthly, quarterly, yearly and rolling VWAP but also the previous ones.
█ Volume Weighted Average Price (VWAP)
The VWAP is a technical analysis tool used to measure the average price weighted by volume.
VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices.
VWAP is similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling.
VWAP is primarily used by technical analysts to identify market trends.
█ Rolling VWAP
The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day.
Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe.
You can thus use the rolling VWAP on any chart that includes volume information in its data feed.
Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset.
For the version with standard deviation bands.
MTF VWAP & StDev Bands
VWAP BANDS [qrsq]Description
This indicator is used to find support and resistance utilizing both buying and selling volume. It can be used on lower and higher time frames to understand where price is likely to reject or bounce.
How it works
Instead of calculating the VWAP using the total volume, this script estimates the buying/selling volume and respectively calculates their individual VWAP's. The standard deviations of these are then calculated to create the set of two bands. The top bands being the VWAP from buying volume and bottom bands are from selling volume, with the option to use a double band on either pair.
How to use it
I like to use the bands for LTF scalping as well as HTF swings, I also like to use it alongside my SMA VWAP BANDS.
For scalping:
I tend to use either the 5m or 15m TF
I then set the indicator's TF to 1m
I will take a scalp based on the bands confluence with other PA methods, if price is being either supported or rejected.
For swings:
I tend to use a variety of TFs, including: 30m, 1H, 4H, D
I then set the indicator's TF to "Chart"
I will take a swing based on the bands confluence with other PA methods, if price is being either supported or rejected.
I also tend to use them on perpetual contracts as the volume seems to be more consistent and hence results in more accurate support and resistance.
VWAP (Any Anchor)Hello Traders,
Introduction:
The Volume Weighted Average Price (VWAP) is a powerful trading indicator used to gauge the average price at which an asset has traded, weighted by volume, over a specific period.
One of the key factors that can significantly impact the effectiveness of VWAP is the concept of "anchoring." In this TradingView indicator script description, we'll explore the concept of anchoring and how it's integrated into a customizable VWAP indicator.
Understanding Anchoring:
Anchoring in VWAP refers to selecting a specific point in time from which the VWAP calculation begins.
This "anchor point" serves as the starting reference for VWAP, and it can substantially impact the indicator's behavior and interpretation.
Anchoring allows traders to adapt VWAP to different trading strategies and scenarios.
Here are some common anchor points used in the script and their significance:
1. Time-Based Anchors: Traders often anchor VWAP to specific times of the trading day, such as the market open (e.g., 9:30 am EST) or close (e.g., 4:00 pm EST).
You could add in the script any time-based anchor you think is relevant for your trading.
2. Event-Based Anchors: Anchoring can also be based on specific market events.
For example, some traders anchor VWAP to events like "3 Consecutive Green Candles" or "Supertrend" direction changes.
Feel free to adapt the script here and add the relevant events-based anchor for your trading.
3. Multi-Timeframe Anchoring: Traders can anchor VWAP on different timeframes, allowing them to analyze price and volume interactions across various horizons.
This flexibility is especially valuable for swing traders adapting to longer-term trends.
Anchor Selection
Traders can choose from various anchor points, including time-based, event-based, and even an "External Connector" for flexibility in adapting VWAP to specific scenarios.
The External connector is the output from another script used in this VWAP script.
Your script may have a condition being “true” whenever a signal is printed - you can use this signal as the anchor for the VWAP.
Conclusion:
Understanding anchoring in VWAP is essential for traders using this indicator effectively.
Choosing and customizing anchor points empowers traders to adapt VWAP to their specific trading styles and strategies.
Whether focused on intraday precision or analyzing longer-term trends, a customizable VWAP indicator with flexible anchoring options can be valuable to your trading toolkit.
Tailor your VWAP to your unique needs and gain deeper insights into market trends and price action.
Made with love
Dave
Auto anchored VWAP Highest/Lowest Last 'n' bars The VWAP (Volume Weighted Average Price) indicator is used to calculate the average price weighted by volume. This indicator is designed to automatically draw VWAPs from the highest and lowest points of the last 'n' bars.
It utilizes arrays to calculate the values of VWAP and plot it on the chart on the last historical bar. This version was coded to get a similar version to the official "VWAP Auto anchored" with the highest/lowest selected settings.
To use VWAP, traders can look for price movements relative to the VWAP line to identify potential support or resistance levels. It can also be used in conjunction with other technical indicators to develop trading strategies.
VWAP Boulevard [vnhilton](OVERVIEW)
The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day).
(FEATURES)
- Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles
- Extend/cut horizontal lines, or extend them all the way to the right
- Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only
- Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days)
- Edit offset & size of labels, & hide them
- Hide vertical lines
From left to right: Age color; ordinary color; volume color
250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed
(DRAWDOWNS)
- This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes.
- You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator.
The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays.
//Volume for last N periods
var int pastVol = array.new_int(lookbackPeriodFixed)
for i = 0 to lookbackPeriodFixed - 1
array.set(pastVol, i, int(volume ))
sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest
sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest
array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest
pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest
//Drawings
for i = 0 to highestVolDays - 1
index := array.get(sortedIndices, i)
vol := array.get(pastVol, i)
Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
VWAP Divergence | Flux ChartsThe VWAP Divergence indicator aims to find divergences between price action and the VWAP indicator. It uses filters to filter out many of the false divergences and alert high quality, accurate signals.
Red dots above the candle represent bearish divergences, while green dots below the candle represent bullish divergences.
The main filter for divergences focuses on ATR and the price movement in the past candles up to the lookback period. Divergences are determined when a price movement over the lookback period is sharp enough to be greater/less than the ATR multiplier multiplied by the ATR.
Settings
Under "Divergence Settings", both the lookback period and ATR multiplier can be adjusted.
Due to the nature of the calculations, the ATR multiplier and the lookback period should be set lower on higher time frames. As price movements become more averaged, for example on the 15 minute chart, sharp price movements happen less frequently and are often contained in fewer candles as they happen on lower time frames. Less volatile stocks such as KO, CL, or BAC should also use lower ATR multipliers and lower lookback periods.
Under "Visual Settings", you can change the color of the VWAP line, show alternating VWAP colors, adjust divergence signal size, and show the VWAP line.
VWAP + 2 Moving Averages + RSI + Buy and SellIndicator: VWAP + 2 Moving Averages + RSI + Buy and Sell
Buy and Sell Arrows (Great for use alone or in conjunction with other scripts on the chart)
This indicator displays BUY (BUY) and SELL (SELL) arrows on the chart based on a combination of moving averages, VWAP and RSI. Arrows are a visual way to identify trading opportunities and can be useful for traders who want to follow a strategy based on these conditions.
The indicator uses two moving averages (20 and 50 periods) to identify upward crosses (buy) and downward crosses (sell). In addition, it takes into account VWAP (Volume Weighted Average Price) and RSI (Relative Strength Index) as additional filters to confirm buy and sell signals.
This script is great for use both independently and in conjunction with other indicators and strategies. You can combine it with other indicators and customize it to your preferences to create a more comprehensive trading strategy.
Please remember that this indicator is provided for educational purposes only and does not constitute financial advice. It is always recommended to carry out a thorough analysis before making any trading decisions.
Give this indicator a try and enjoy clear visualization of buy and sell arrows on your chart. Happy trading!
VWAP 3x Session Reset- This VWAP aims to be used with futures and forex.
- The VWAP is reset at the beginning of each session.
- 3 different sessions can be specified.
- The lines are not drawn when there is no active session.
- The upper and lower bands with standard deviation 2 are also drawn.
Info: The time zone of the picture is Europe/Berlin
Rolling Multiday VWAPCouldn't find a VWAP script that worked the way I needed so I created this one. Basically, it provides a multiday rolling VWAP. I made the rolling period configurable, but I primarily use it to add a 2 day VWAP to my chart alongside the standard VWAP indicator. This unique thing that this indicator does is dynamically anchor to the configured period, but starting from today backwards.
Basically, this indicator ensures VWAP never anchors to the current day, but instead always shows a 2 day VWAP on today's charts. The problem I had with other indicators is that every other day my 2 day VWAP indicator would anchor to the current day and essentially become a redundant standard VWAP indicator.
Hope to update in the future to dynamically update based the chart day you have in focus, but will need some time to figure out if that's even possible.
Aggregated Rolling VWAP +Edit of TradingView's original Rolling VWAP
Edit log:
Added Volume Aggregation Capabilities to the Script
- Price Action is impacted by volume executed in all exchanges. Even though a single exchange RVWAP can be useful, using aggregated data makes it more accurate and saves time in symbol switching.
- Aggregation is preset to be done for Bitcoin Spot Pairs. However this can be changed to Aggregate Volume from any other symbol at the bottom of the setup menu.
Added Symmetrical Deviations to the Script
- Symmetrical deviations create range of "tolerance" around the RVWAP at a fixed % distance. This helps in situations when price does not respect the exact RVWAP level and goes slightly above/under.
- Adding multiple Symmetrical Deviations at different percentage values can give relevant levels for scalping, entries and range trading.
Switched default option to manual TF instead of automatic TF
Added TF Presets for quick switching between different settings. (Feature intended for mobile charting)
Added ON/OFF Switch to all individual deviations to make it easier, faster and cleaner to display different data. (Feature intended for mobile charting)
Multiple Non-Anchored VWAPA lot of VWAP scripts are anchored and only allow single VWAP additions. This script allows up to 5 simultaneous VWAPs, for example monthly, quarterly, yearly, 3 years, etc. Can also be used on smaller timeframes. The non-anchored part of the script allows it to be constantly rolling, with no resets.
I do not endorse this script, it was created at my request :)
Donchian Anchored Vwap + HandoffsIn this script I try to incorporate Brian Shannon's Anchored VWAP hand off system into an automated initial anchoring system using Donchian Highs and Lows.
I have also added an average of all the hand-off vwaps.
Higher values in "Donchain Lookback" will display longer term sentiment and vice versa.
*Credit to trader dysrupt for their 'Anchored VWAP Hand-off' script
VWAP - Standard + 3 multi periodThis script combines the standard VWAP with 3 additional period-dependent VWAPs (originally coded by Neolao).
VWAPmP (ATR as % Version)This indicator displays a histogram for the distance of closing price from a VWAP value. The VWAP length is rolling and its value is user defined. Additionally, there are 3 bands which are based on the %-value of the underlying ATR. The ATR's length can be chosen by the user, and the distance multipliers may also be chosen. Lastly, there are two simple moving averages which have user-defined lengths and are based on the histograms value.
Hello VWAP "Beta"This is my 1st indicator, and my attention is to plot the VWAP "Volume-weighted average price" using the SMA "Simple Moving Average" over time... IE over the last 50,100,200 bars and just the VWAP... All of them in just one line... I have made it when I have been using the BTC/US chart, but it should work for stocks/forex or any other chart that you want to use...
I am not completely sure about this indicator and I do want to add more to this, that is how come I am posting to the community to show what I have done and people can use it and if they are open to it give me feedback or tips to make it better...
Happy trading...
Rumpy's Donchian Anchored VWAPUses donchian points to anchor VWAPs (start a new VWAP interval). The defaults are set up for a 1H chart, with lookback periods of 1 day, 2 days, 1 week, 2 weeks and 4 weeks for the anchor points.
Green : upper donchian AVWAPs, Red : lower donchian AVWAPS, thin/1day to thickest/4 week.
Option to test whether a new point should be formed from a high or low exceeding the historical high/low over a lookback length or using a closes that exceed the historical high/low.
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If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
BTC World Price: Multi-Exchange VWAPBTC World Price: Multi-Exchange VWAP
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WHAT IT DOES
What you see above are not Bitmex candles, but this indicator's.
Bitcoin is listed on multiple exchanges. Many people have called for a single global index that would quote BTC price and volume across all exchanges: this script is such a virtual aggregate (formerly: Multi-Listed , Volume-Weighted Average Price ).
It will, independently for each tick, for any time-frame:
- Quote the price (O, H, L, C) and volume from Bitfinex (USD), Binance (USDT), bitFlyer (Yen), Bithumb (S. Korean Won), Coinbase (USD), Kraken (EUR) and even Bitmex (USD Contracts).
- Weight each price with the corresponding volume of the exchange.
- Quote the FOREX conversion rate in USD for each currency (USDJPY etc.)
- Finally return global average price (candles) in USD.
- Additionally provide (H+L)/2 etc. values.
No more "on Coinbase this" or "on Bitstamp that", you've now got a global overview!
See CoinMarketCap: Markets for reference. I've included alternative exchanges in the comments at the top of the script.
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HOW TO USE IT
Basically just add it to your chart and use the indicator's candles instead of the chart's main ticker.
By default, BTC World Price will display candles only, but you can also display OHLC & averages (in whichever style you want).
You may indeed want to hide the main symbol (top-left corner, click the 'eye' button next to its name), or switch it to something else than candles/bars (e.g. line).
Make sure "Scale Price Chart Only" is disabled if you want to use the auto-zoom feature. (if other indicators are messing your zoom, you can try to select "Line with Breaks" or "Area with Breaks" to allow these to overflow from the main window)
By clicking the triangle next to the indicator's name, you can select "Visual Order" (e.g "Bring to Front").
You can select regular Candles or Heikin-Ashi in Options.
In the Format > Inputs tab, you can select which exchanges to quote. By default, all of them are enabled.
The script also exposes the following typical values to the backend, which you can use as Price Source for other indicators: (e.g. MA, RSI, in their "Format > Input" tab)
Open Price (grey)
High Price (green)
Low Price (red)
Close Price (white)
(H + L)/2 (light blue)
(H + L + C)/3 (blue)
(O + H + L + C)/4 (purple)
They are all hidden by default (by means of maximum transparency).
In the Format > Style tab, you can change their color, transparency and style (line, area, etc), as well as uncheck Candles and Wicks to hide these.
If you are using "Indicator Last Value" and want to clear the clutter from all these values, simply uncheck them in Style. They will still be available as Price Source for other indicators.
You can also choose to scale it to the left, right (default) or "screen" (no scaling).
Once you're satisfied with your Style, you may click "Default"> "Save as default" in the botton-left. Everytime you load the indicator, it will look the same. ("Reset Settings" will reset to the script's defaults)
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Please leave feedback below in comments or pm me directly for bugs and suggestions.
VWAP+SMA+EMAThis is the only indicator combing the results of VWAP + 2 SMAs + 2 EMAs.
This is a free indicator. Enjoy using it.
Kunal Jain
rth vwap and midMidpoint and VWAP are often important inflection points in daytrading. I managed to find a script providing me with a 24 hour session midline by NorthStarDayTrading and a RTH VWAP script by LDBC. So I decided to merge those two to get a RTH mid and vwap.
Percent Difference Between VWAP and Price MTFShows the difference between vwap and price in percent.
You can can choose between multiple timeframe vwap. Default is normal daily.
The levels on the indicator can be changed to whatever you want to.
In the chart above we can see eurusd reverting up at 3% below monthly vwap, after the brexit dip, It then turns down again at 1% from monthly and lastly it turns up again at 2% from monthly.
Script is a small modification of this:
Nic's Anchored VWAP 4Poor mans anchored vwap. Allows you to identified the volume weighted average price from 4 specific points in time.
Best used on key pivot point high's and lows'