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Rolling VWAP Levels

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Rolling VWAP Levels Indicator

Overview
Dynamic horizontal lines showing rolling Volume Weighted Average Price (VWAP) levels for multiple timeframes (7D, 30D, 90D, 365D) that update in real-time as new bars form.

Who This Is For
  • Day traders using VWAP as support/resistance
  • Swing traders analyzing multi-timeframe price structure
  • Scalpers looking for mean reversion entries
  • Options traders needing volatility bands for strike selection
  • Institutional traders tracking volume-weighted fair value
  • Risk managers requiring dynamic stop levels


How To Trade With It

Mean Reversion Strategies:
  • Buy when price is below VWAP and showing bullish divergence
  • Sell when price is above VWAP and showing bearish signals
  • Use multiple timeframes - enter on shorter, confirm on longer
  • Target opposite VWAP level for profit taking


Breakout Trading:
  • Watch for price breaking above/below key VWAP levels with volume
  • Use 7D VWAP for intraday breakouts
  • Use 30D/90D VWAP for swing trade breakouts
  • Confirm breakout with move beyond first standard deviation band


Support/Resistance Trading:
  • VWAP levels act as dynamic support in uptrends
  • VWAP levels act as dynamic resistance in downtrends
  • Multiple timeframe VWAP confluence creates stronger levels
  • Use standard deviation bands as additional S/R zones


Risk Management:
  • Place stops beyond next VWAP level
  • Use standard deviation bands for position sizing
  • Exit partial positions at VWAP levels
  • Monitor distance table for overextended moves


Key Features
  • Real-time Updates: Lines move and extend as new bars form
  • Individual Styling: Custom colors, widths, styles for each timeframe
  • Standard Deviation Bands: Optional volatility bands with custom multipliers
  • Smart Labels: Positioned above, below, or diagonally relative to lines
  • Distance Table: Shows percentage distance from each VWAP level
  • Alert System: Get notified when price crosses VWAP levels
  • Memory Efficient: Automatically cleans up old drawing objects


Settings Explained
  • Display Group: Show/hide labels, font size, line transparency, positioning
  • Individual VWAP Groups: Color, line width (1-5), line style for each timeframe
  • Standard Deviation Bands: Enable bands with custom multipliers (0.5, 1.0, 1.5, 2.0, etc.)
  • Labels Group: Position (8 options including diagonal), custom text, price display
  • Additional Info: Distance table, alert conditions


Technical Implementation

Uses rolling arrays to maintain sliding windows of price*volume data. The core calculation function processes both VWAP and standard deviation efficiently. Lines are created dynamically and updated every bar. Memory management prevents object accumulation through automatic cleanup.


Best Practices
  1. Start with 7D and 30D VWAP for most strategies
  2. Add 90D/365D for longer-term context
  3. Use standard deviation bands when volatility matters
  4. Position labels to avoid chart clutter
  5. Enable distance table during high volatility periods
  6. Set alerts for key VWAP level breaks


Market Applications
  • Forex: Major pairs during London/NY sessions
  • Stocks: Large cap names with good volume
  • Crypto: Bitcoin, Ethereum, major altcoins
  • Futures: ES, NQ, CL, GC with continuous volume
  • Options: Use SD bands for strike selection and volatility assessment
Notes de version
- Ease of Life Fix on the Lower Timeframes
Notes de version
- Added Session Vwap Levels
Notes de version
- lol
Notes de version
- DPOC VWAP Bug Fix
- Development Mode Added
- Band Fills Added
Notes de version
- 30D Update
Notes de version
- Timeframe Display Fix
Notes de version
- Table fix on 1 m
Notes de version
- Quarterly OPEX
- Omni Alert
Notes de version
- Fixed Alerts Issues
Notes de version
- If You are on Essential Plan , simply disable use aggregated volume
Notes de version
- Fixed Request Security Issue for Users with Low Tier TV Sub
Notes de version
- Returned Displaying Multiple Vwaps on Same Timeframe
Notes de version
- ATR Filter
Notes de version
- DPOC Implementation on Higher Timeframes
Notes de version
- Clean
Notes de version
- Confirmation Mode Added
Notes de version
- OK
Notes de version
- TWAP
Notes de version
- Cleaner TWAP
Notes de version
- MOMO

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.

mindyourbuisness
Bands and ChannelsPivot points and levelsVolume Weighted Average Price (VWAP)

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.
Bands and ChannelsPivot points and levelsVolume Weighted Average Price (VWAP)

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.

mindyourbuisness

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.