MTF TWAP

10 juil.

The MTF TWAP indicator calculates and displays Time Weighted Average Price across multiple timeframes and custom sessions simultaneously. Unlike VWAP which weights by volume, TWAP provides a pure time-based average, making it ideal for analyzing price action in low-volume conditions, comparing against VWAP for divergences, and identifying time-based support/resistance levels.

Key Features
📊 Multi-Timeframe Analysis

7 Standard Timeframes: 30min, 1H, 4H, 8H, Daily, Weekly, Monthly
2 Custom Timeframes: Set any timeframe you need (2H, 3D, etc.)
4 Custom Sessions: Define specific trading hours (Asia, London, NY, etc.)
Track up to 13 different TWAPs simultaneously

🎯 Naked vs Mitigated Levels

Naked TWAPs: Untouched levels that extend until price interaction
Mitigated TWAPs: Levels touched by price, with customizable visual feedback
Option to show only naked levels for cleaner charts
Smart labeling system for both naked and mitigated levels

🏷️ Advanced Labeling System

Flexible Label Positioning: Left (at start), Right (current), or at touch point
Customizable Content: Show timeframe, price, both, or custom text
Mitigated Label Options: Choose left (line start) or right (touch point) placement
Multiple Styles: Label, Text Only, or Bubble display options
Smart Timeframe Display: Custom timeframes show actual period (e.g., "2 Hour" not "Custom 1")

🎨 Visual Customization

Individual colors for each timeframe
Separate styling for naked vs mitigated lines
Line styles: Solid, Dashed, or Dotted
Adjustable line width and transparency
Fade effect for mitigated levels

⏰ Session-Based TWAPs

Calculate TWAP for specific market sessions
Default presets for Asia, London, and NY sessions
Sessions use exchange timezone (ET for US stocks, UTC for crypto)
Perfect for tracking overnight moves or specific market hours

🔔 Alert System

Alerts when price touches any TWAP level
Individual alerts for each timeframe and session
Customizable alert messages

Use Cases
For Day Traders

Track intraday TWAP levels (30min, hourly)
Identify session-based support/resistance
Compare regular hours vs extended hours TWAP

For Swing Traders

Monitor daily/weekly TWAP for trend direction
Identify major untouched levels for potential reversals
Track multi-day accumulation/distribution phases

For Institutional Analysis

Compare TWAP vs VWAP to identify volume anomalies
Track average prices during specific sessions
Identify time-based accumulation zones

For Crypto/Forex

24/7 market analysis with custom sessions
Track TWAP during low-volume periods
Define custom sessions for different global markets

Why TWAP Over VWAP?

Volume-Independent: Works reliably in low-liquidity conditions
Time-Based Fair Value: Shows pure time-weighted average without volume distortion
Better for Thin Markets: Ideal for pre/post-market, overnight sessions
Cleaner Levels: Less susceptible to volume spikes
Session Analysis: Perfect for analyzing specific time periods

Settings Guide
Quick Start

Enable desired timeframes (start with Daily + Weekly)
Choose label position and content preferences
Set "Show Naked Only" for cleaner charts
Add custom sessions for your trading hours

Advanced Setup

Use Custom Timeframes for specific analysis (2H for futures, 3D for swing trades)
Configure session times in exchange timezone
Customize mitigated label positioning
Set up alerts for your active timeframes

Tips

Naked TWAPs often act as magnets for price
Confluence of multiple TWAPs creates strong S/R zones
Session TWAPs help identify overnight vs regular hours dynamics
Compare with VWAP to spot institutional activity

11 juil.

Notes de version

- Fixed session detection logic.