OPEN-SOURCE SCRIPT
Open Equals Low/High and Close above VWAP
Mis à jour
Explanation of additional and updated elements in the script:
vwap(): This function computes the Volume Weighted Average Price. It’s used here to create a series of VWAP values.
closeAboveVWAP: A Boolean series that checks if the close price is above the VWAP.
Updated bgcolor() and plotshape() logic: These now include the new condition closeAboveVWAP. The markers and background colors will only show when open is equal to low or high and the close is above the VWAP.
Additional plot command for VWAP: It’s often helpful to visualize the VWAP on the chart, so I've included a plot line for the VWAP in blue color.
With these updates, when added to a TradingView chart, the script will mark and color the background of bars that satisfy both conditions (open equal to low/high and close above VWAP). It will also plot the actual VWAP line on the chart for better visual reference. The shapes will include texts specifying both criteria for clarity.
vwap(): This function computes the Volume Weighted Average Price. It’s used here to create a series of VWAP values.
closeAboveVWAP: A Boolean series that checks if the close price is above the VWAP.
Updated bgcolor() and plotshape() logic: These now include the new condition closeAboveVWAP. The markers and background colors will only show when open is equal to low or high and the close is above the VWAP.
Additional plot command for VWAP: It’s often helpful to visualize the VWAP on the chart, so I've included a plot line for the VWAP in blue color.
With these updates, when added to a TradingView chart, the script will mark and color the background of bars that satisfy both conditions (open equal to low/high and close above VWAP). It will also plot the actual VWAP line on the chart for better visual reference. The shapes will include texts specifying both criteria for clarity.
Notes de version
Explanation of additional and updated elements in the script:vwap(): This function computes the Volume Weighted Average Price. It’s used here to create a series of VWAP values.
closeAboveVWAP: A Boolean series that checks if the close price is above the VWAP.
Updated bgcolor() and plotshape() logic: These now include the new condition closeAboveVWAP. The markers and background colors will only show when open is equal to low or high and the close is above the VWAP.
Additional plot command for VWAP: It’s often helpful to visualize the VWAP on the chart, so I've included a plot line for the VWAP in blue color.
With these updates, when added to a TradingView chart, the script will mark and color the background of bars that satisfy both conditions (open equal to low/high and close above VWAP). It will also plot the actual VWAP line on the chart for better visual reference. The shapes will include texts specifying both criteria for clarity.
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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