OPEN-SOURCE SCRIPT

[PX] VWAP Gap Level

11 124
Hello guys,

another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce.

How does it work?

The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be plotted. The idea behind it is, that those gaps get filled at some point in time. You can control how big a VWAP movement ("gap") has to be with the "VWAP Movement %"-setting. Also, you can adjust the style of the level.

If you find this indicator useful, please leave a "like" and hit that "follow" button :)

Have fun and happy trading :)))

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.