OPEN-SOURCE SCRIPT
VWAP angle Trend
The VWAP Angle Trend is an indicator built with the aim of providing valuable insights into the reversal points of the #VWAP using Angle
This is achieved by calculating the angle between the current VWAP and its previous value over a customizable lookback period and normalizing it with ATR
By analyzing the angle, we can gain an understanding of the strength and direction of the VWAP, which can help them identify potential trend reversals or continuations.
After observing the market over a lengthy period, I have come to realize that as the angle increases above 65 or decreases under -65, it confirms a higher likelihood of a trend reversal.
the indicator highlights these zones where a trend reversal is more likely to occur.
The indicator can help you to assess the strength and direction of VWAP, enabling you to make more informed trading decisions.
By identifying periods of strong momentum or potential exhaustion, you can seek opportunities for entering or exiting positions, and potentially capitalize on trend movements in the market.
This is achieved by calculating the angle between the current VWAP and its previous value over a customizable lookback period and normalizing it with ATR
By analyzing the angle, we can gain an understanding of the strength and direction of the VWAP, which can help them identify potential trend reversals or continuations.
After observing the market over a lengthy period, I have come to realize that as the angle increases above 65 or decreases under -65, it confirms a higher likelihood of a trend reversal.
the indicator highlights these zones where a trend reversal is more likely to occur.
The indicator can help you to assess the strength and direction of VWAP, enabling you to make more informed trading decisions.
By identifying periods of strong momentum or potential exhaustion, you can seek opportunities for entering or exiting positions, and potentially capitalize on trend movements in the market.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Links : linktr.ee/tzacks
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Links : linktr.ee/tzacks
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.