VWAP Horizon Suite Optimized - CoffeeKiller

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VWAP Horizon Suite Optimized - User Guide

Overview

The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends.

Key Features

- **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day
- **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP
- **High/Low Point Detection**: Visual markers for significant price levels
- **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled
- **Visual Customization**: Adjustable colors, fills, and styles for all elements

VWAP Settings

- **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average)

Bands Settings

- **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods
- **Show Band #1, #2, #3**: Toggle visibility for each band
- **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage)
- **Show Fills**: Enable colored fills between bands for better visualization

Visualization Settings

- **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line.

EMA Settings

The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls:
- **Show EMA X**: Toggle visibility for each EMA
- **EMA X Period**: Adjust the period length for calculation
- **EMA X Color**: Customize the color of each EMA
- **EMA Line Width**: Set the width for all EMA lines

How to Use

Basic VWAP Analysis

The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading.

1. **Price above VWAP**: Generally bullish short-term sentiment
2. **Price below VWAP**: Generally bearish short-term sentiment
3. **Crosses of VWAP**: Potential shift in short-term momentum

Standard Deviation Bands

The bands surrounding VWAP help identify potential support, resistance, and volatility levels:

- **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels
- **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones
- **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions

High/Low Point Detection

Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line)

EMA Strategy

The customizable EMAs can be used to:
- Find potential support/resistance levels
- Create crossover systems
- Analyze market structure

Common EMA combinations include:
- 8 & 21 for short-term trends
- 50 & 200 for long-term trends and the "Golden Cross/Death Cross"
- 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders
- 8, 13, 21 for complex short-term momentum analysis

Advanced Usage Tips

For Day Traders

1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading
2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP
3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation

For Swing Traders

1. **Use alongside daily/weekly support-resistance levels**
2. **Combine with EMA crossovers for trend confirmation**
3. **Identify potential reversal zones where price reaches Band #3**

Combined Strategies

- **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level
- **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level

Conclusion

The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes.

Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions.

DISCLAIMER

**DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.**

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Notes de version

Rework time logic.