[astropark] Progressive VWAP

15 feb 2021

DearDear Followers,

today another awesome Analysis Tool, that you can use in your trading journey: Progressive VWAP!

If you love vwap, you will love this indicator, as it calculates some special "progressive" / "evolving" vwap levels:

• daily vwap named dvwap
  
• 2D vwap named 2dvwap
  
• 3D vwap named 3dvwap
  
• weekly vwap named wvwap
  
• 2W vwap named 2wvwap
  
• Monthly vwap named mvwap
  
• Quarterly vwap named qvwap
  
• Yearly vwap named yvwap
  

You can:

• choose which progressive vwap to show and which to hide
• change each line color / thickness / display style (solid or dashed)
• choose to show or hide labels and change their size
  

Why such indicator should be helpful? How can I use it to do profit?

In multiple ways:

• when a lower timeframe crosses an higher timeframe progressive vwap, you know sentiment is getting bullish and viceversa if the cross is downwards
  
• price tends to bounce on such progressive vwaps: the higher the timeframe, the more probably the bounce is as well as the magnitude of the breakout of the level
  

This indicator works on every timeframe, market and pair.
As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.


This is a premium indicator, so send me a private message in order to get access to this script.