OPEN-SOURCE SCRIPT

VWMA with Buy/Sell Signals

172
he VWMA (Volume Weighted Moving Average) is a technical indicator that averages prices over a specified period while giving more weight to periods with higher trading volumes. This makes the VWMA more sensitive to price movements during high-volume trading compared to a simple moving average (SMA).

Adding Buy/Sell Signals to a VWMA-based script involves identifying trends or crossover points that indicate potential entry (Buy) or exit (Sell) opportunities.

Core Features of the Script:
VWMA Calculation:

Uses the typical price ((High + Low + Close) / 3) or closing price for computation.
Weighting is based on the volume traded in each period.

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.