The VWAP oscillator plots VWAP as the zero line with price, relative to VWAP. This can be use the same way you would traditionally use VWAP, with a much clearer picture of deviation from VWAP. Also, after creating the script, I noticed divergence was extremely noticeable here!
Release Notes
Update: Added average deviation pivots.
I also noticed, by leaving the indicator on session and checking the daily timeframe, the VWAP Oscillator can be used as a daily volatility/consolidation and possible squeeze momentum indicator.
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