OPEN-SOURCE SCRIPT
VWAP with Standard Deviation Bands
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Volume Weighted Average Price (VWAP), with Standard Deviation Bands
VWAP is a moving average with weighting for traded volume, so heavier trading activity has a greater impact on its direction. Low volume periods will move the VWAP less than high volume periods.
The VWAP is important because institutional investors often use it to determine what is ‘fair value’. You can often see the market reacting when it gets close to the VWAP.
This version is time segmented VWAP. It reset ma values when selected time period expires.
Time periods are able to be selected in the settings: "1D", "2D", "W", "14D", "M", "60D", "12M", "24M", "Custom".
Additionally script determines VWAP standard deviations.
Multipliers for VWAP Standard Deviation Bands can be changed in the settings.
There is also option to show previous VWAP and its Standard Deviation Bands before timeframe reset.
VWAP is a moving average with weighting for traded volume, so heavier trading activity has a greater impact on its direction. Low volume periods will move the VWAP less than high volume periods.
The VWAP is important because institutional investors often use it to determine what is ‘fair value’. You can often see the market reacting when it gets close to the VWAP.
This version is time segmented VWAP. It reset ma values when selected time period expires.
Time periods are able to be selected in the settings: "1D", "2D", "W", "14D", "M", "60D", "12M", "24M", "Custom".
Additionally script determines VWAP standard deviations.
Multipliers for VWAP Standard Deviation Bands can be changed in the settings.
There is also option to show previous VWAP and its Standard Deviation Bands before timeframe reset.
Notes de version
version=5added rolling VWAP with stdev bands
more divisions in stdev bands (4)
plots style changed
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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