OPEN-SOURCE SCRIPT
Multi-VWAP Pro (HP) + Alerts - par alphaomega18
Multi-VWAP Pro High-Precision (D/W/M) – by alphaomega18
🚀 Overview
Elevate your institutional analysis with the Multi-VWAP Pro High-Precision, a comprehensive tool designed for traders who demand surgical accuracy.
Most standard VWAP indicators lag or shift when changing timeframes. This script solves that by using a 1-minute data polling engine (request.security), ensuring your Daily, Weekly, and Monthly levels remain rock-solid and accurate, whether you are on a 1m, 15m, or 1h chart.
💎 Key Features
High-Precision Engine: Calculation based on 1-minute intraday data for maximum mathematical accuracy.
Multi-Timeframe Anchors: View Daily, Weekly, and Monthly VWAPs simultaneously.
Dynamic Color Logic: The Daily VWAP turns Green when the price is above and Red when below for instant trend bias.
Triple SD Bands: 3 fully customizable Standard Deviation bands for each timeframe to identify exhaustion zones.
Smart Alerts: Fully programmable notifications for price crosses on all levels.
Clean Labels: Real-time labels on the price scale for a professional, organized look.
📈 Trading Strategy: The Power of Confluence
Using three different VWAP anchors allows you to see the market through multiple lenses. Here is how to use this tool:
1. The Institutional Confluence
The strongest setups occur when two or more VWAP lines overlap.
The Setup: If the Daily VWAP clusters with the Weekly VWAP, it creates a "Hard Floor/Ceiling."
The Trade: Look for high-probability bounces in these zones where institutions defend their average price.
2. Mean Reversion with SD3 Bands
The 3rd Standard Deviation (SD3) represents price extremes.
The Trade: When price pierces a Daily SD3, look for a reversal back toward the VWAP (Mean Reversion), especially if it aligns with a Weekly or Monthly SD2 band.
3. Trend Confirmation
Bullish Bias: If the Daily VWAP is Green, prioritize "Buy the Dip" on lower SD bands.
Bearish Bias: If the Daily VWAP is Red, prioritize "Sell the Rip" on upper SD bands.
💡 Pro Tip for my Followers
"Alignment is king. When the Daily, Weekly, and Monthly VWAPs all slope in the same direction, you have a high-conviction trend. Follow me for more high-precision tools and market insights!"
🛠 Settings & Customization
Visibility: Toggle any VWAP or SD band on/off.
Full Color Control: Pick your own colors for Weekly and Monthly lines.
Adjustable Multipliers: Fine-tune the volatility bands (SD1, SD2, SD3) for any asset.
🚀 Overview
Elevate your institutional analysis with the Multi-VWAP Pro High-Precision, a comprehensive tool designed for traders who demand surgical accuracy.
Most standard VWAP indicators lag or shift when changing timeframes. This script solves that by using a 1-minute data polling engine (request.security), ensuring your Daily, Weekly, and Monthly levels remain rock-solid and accurate, whether you are on a 1m, 15m, or 1h chart.
💎 Key Features
High-Precision Engine: Calculation based on 1-minute intraday data for maximum mathematical accuracy.
Multi-Timeframe Anchors: View Daily, Weekly, and Monthly VWAPs simultaneously.
Dynamic Color Logic: The Daily VWAP turns Green when the price is above and Red when below for instant trend bias.
Triple SD Bands: 3 fully customizable Standard Deviation bands for each timeframe to identify exhaustion zones.
Smart Alerts: Fully programmable notifications for price crosses on all levels.
Clean Labels: Real-time labels on the price scale for a professional, organized look.
📈 Trading Strategy: The Power of Confluence
Using three different VWAP anchors allows you to see the market through multiple lenses. Here is how to use this tool:
1. The Institutional Confluence
The strongest setups occur when two or more VWAP lines overlap.
The Setup: If the Daily VWAP clusters with the Weekly VWAP, it creates a "Hard Floor/Ceiling."
The Trade: Look for high-probability bounces in these zones where institutions defend their average price.
2. Mean Reversion with SD3 Bands
The 3rd Standard Deviation (SD3) represents price extremes.
The Trade: When price pierces a Daily SD3, look for a reversal back toward the VWAP (Mean Reversion), especially if it aligns with a Weekly or Monthly SD2 band.
3. Trend Confirmation
Bullish Bias: If the Daily VWAP is Green, prioritize "Buy the Dip" on lower SD bands.
Bearish Bias: If the Daily VWAP is Red, prioritize "Sell the Rip" on upper SD bands.
💡 Pro Tip for my Followers
"Alignment is king. When the Daily, Weekly, and Monthly VWAPs all slope in the same direction, you have a high-conviction trend. Follow me for more high-precision tools and market insights!"
🛠 Settings & Customization
Visibility: Toggle any VWAP or SD band on/off.
Full Color Control: Pick your own colors for Weekly and Monthly lines.
Adjustable Multipliers: Fine-tune the volatility bands (SD1, SD2, SD3) for any asset.
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.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.