PROTECTED SOURCE SCRIPT

Flunki ZWAPometer Lite - ZWAP Trend Strength

Simple version of the ZWAPometer

Measures bars since ZWAP peak, effectively showing trend strength.

See previous indicator for more detail.

This does not show trend direction, only when it is exhausted, whether it is bull or bear will require other confirmation.

So in summary, this tracks bars since price hit a peak distance away from VWAP , indicating price will revert back to VWAP .

Enjoy,

Flunkimoku

Protected script

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

Want to use this script on a chart?

syrinxflunki

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.