OPEN-SOURCE SCRIPT
Mis à jour Median Volume Weighted Deviation
MVWD (Median Volume Weighted Deviation)
The Median Volume-Weighted Deviation is a technical trend following indicator that overlays dynamic bands on the price chart, centered around a Volume Weighted Average Price (VWAP). By incorporating volume-weighted standard deviation and its median, it identifies potential overbought and oversold conditions, generating buy and sell signals based on price interactions with the bands. The fill color between the bands visually reflects the current signal, enhancing market sentiment analysis.
How it Works
Signals:
* Buy Signal: Triggers when the closing price crosses above the upper band.
* Sell Signal: Triggers when the closing price crosses below the lower band.
Inputs
Customization
The Median Volume-Weighted Deviation is a technical trend following indicator that overlays dynamic bands on the price chart, centered around a Volume Weighted Average Price (VWAP). By incorporating volume-weighted standard deviation and its median, it identifies potential overbought and oversold conditions, generating buy and sell signals based on price interactions with the bands. The fill color between the bands visually reflects the current signal, enhancing market sentiment analysis.
How it Works
- VWAP Calculation: Computes the Volume-Weighted Average Price over a specific lookback period (n), emphasizing price levels with higher volume.
- Volume Weighted Standard Deviation: Measures price dispersion around the VWAP, weighted by volume, over the same period.
- Median Standard Deviation: Applies a median filter over (m) periods to smooth the stand deviation, reducing noise in volatility estimates.
- Bands: Constructs upper and lower bands by adding and subtracting a multiplier (k) times the median standard deviation from the VWAP
Signals:
* Buy Signal: Triggers when the closing price crosses above the upper band.
* Sell Signal: Triggers when the closing price crosses below the lower band.
Inputs
- Lookback (n): Number of periods for the VWAP and standard deviation calculations. Default is set to 14.
- Median Standard Deviation (m): Periods for the median standard deviation. Default is set to 2.
- Standard Deviation Multiplier (k): Multiplier to adjust band width. Default is set to 1.7 with a step of 0.1.
Customization
- Increase the Lookback (n) for a smoother VWAP and broader perspective, or decrease the value for higher sensitivity.
- Adjust Median Standard Deviation (m) to control the smoothness of the standard deviation filter.
- Modify the multiplier (k) to widen or narrow the bands based on the market volatility preferences.
Notes de version
Update:- Corrected the bar plot portion of the script
- Included a background boolean function to turn on/off background colors. Default is set to off.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.