INVITE-ONLY SCRIPT

VWAP Momentum Band

How to use:

This should always be used in a bar chart. You as a trader actually just have to look for the color of the band in the middle, it tries to indicate you the coming up price action it also shows you where there is gaining momentum into your direction.

Band is green, what to do ?

Shown with the darker green candles and loosing momentum with the lighter green candles for the upward direction.

Band is red, what to do ?

Shown with the darker red color is momentum to the downwards direction and pink or lighter red color in the bars indicate loosing momentum to the downward direction.


If used correctly this indicator can also be used to feed trading bots via the Trading View Alerts.

Here are a few chart examples:

snapshot

For example this for daytrading Tesla Stock.


Or daytrading NIO

snapshot


If there are any questions left open, please send us a direct message!
Trend AnalysisVolumeVolume Weighted Average Price (VWAP)

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NEXT-LEVEL for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

Want to use this script on a chart?

Warning: please read before requesting access.

Also on:

Disclaimer