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PROTECTED SOURCE SCRIPT

SB Dynamic VWAP

By StuBuzzzini
Updated
Created this script that creates a dynamic VWAP based on Outstanding Shares Turnover.

The outstanding shares turnover is determined by volume. If the volume exceeds outstanding shares over X amount of days, X amount is used as the VWAP period.
Also included visually is the Bollinger Bands for price and volatility reference.

Release Notes
Updated study title
Release Notes
Added tables as a visual aid for pricing and dynamic period for the trader to take into account when making a trading decision.
Release Notes
Converted main calculation into a function.

Discovered that the financial() function may not have accurate information, especially for stocks that have gone through reverse merger (aka spacs). Added two optional input variables to override shares outstanding. Setting either one will override the values from financial(). Please verify your date from all sources before relying on this indicator.
Release Notes
Added option to put in percent of float shares short. This will reduce the turnover time which is used to calculate vwap period. Completely optional, but may be of interest for anyone that cares to evaluate turnover rate when taking into account shares that are held short.
Release Notes
Added option to enable SMA
Release Notes
Updated background colors
Release Notes
Gave the user the option to plot the vwap as a static line on last value or a plot to show historic values.
Release Notes
Carried over new features from my private version of this script.

Mode - added mode to select calculation based on float instead of shares outstanding.
Added option to draw 52 week high/low.
Added overbought/oversold indicators.
Release Notes
Removed 52week high to fix formatting issues with public template.
Release Notes
Changed default from line to plot
Release Notes
Moved table position
VolatilityVolumeVolume Weighted Average Price (VWAP)

Protected script

This script is published closed-source and you may privately use it freely.

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StuBuzzzini
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