VWAP it GOOD

Why: Instead of having 5 individual VWAP indicators, I found it beneficial for one view with a clean display. This VWAP indicator combines the daily, weekly, monthly, quarterly and annual into one color coded view. These colors and styles can be modified by the user.

A user can turn any timeframe off, but this is how I personally like to trade since it helps me better understand potential bounce or pullback areas.

Do your own research for what is best for you.

Note di rilascio

The volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts that resets at the start of every new trading session. It's the average price a security has traded at throughout the day, based on both volume and price. VWAP is important because it provides insight into both the price trend and value of a security.

Why did I make this indicator? Instead of having 5 individual VWAP indicators for the daily, weekly, monthly, quarterly, and annual, I wanted one view with a clean display. This VWAP indicator combines the 5 VWAPs into one color coded view that allow styles and colors to be modified.

I personally like VWAPs since it helps me better understand potential bounce or pullback areas.

Do your own research for what is best for you.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

GM_Trading100

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Script open-source

GM_Trading100