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Volume Weighted Average Price (VWAP)

[PX] VWAP Gap LevelHello guys, another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce. How does it work? The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be plotted. The idea behind it is, that those gaps get filled at some point in time. You can control how big a VWAP movement ("gap") has to be with the "VWAP Movement %" -setting. Also, you can adjust the style of the level. If you find this indicator useful, please leave a "like" and hit that "follow" button :) Have fun and happy trading :)))
Pine Script™ indicator
by paaax
3
Derivative Oscillator Cu [ID: AC-P]The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions: VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is below vwap, green triangles = price input is above vwap) Bullish and Bearish phases from shayankm's Waddah Attar Explosion V2 () is included as indication dots (bullish = blue dots, bearish = yellow dots) below/above the Derivative Oscillator histogram Coral Trend from Lazybear () is included as indication dots (red/green dots below/above the Derivative Oscillator histogram Input source options for vwap, Waddah components (MACD, Bollinger Upper/Lower) Centerline option for Coral trend, and Horizontal center option for the Derivative Oscillator with circle indication (optional - provided as option for flexibility in use with overlaying with other indicators) This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one. Specifically, a few of the other indicators I use are lacking in the momentum and trend department, and this is one of the indicators I use to address that: VWAP provides trend information on lower timeframes from a high timeframe interval (D) Coral Trend provides additional confirmation to VWAP trend wise, and is adjustable Waddah Attar Explosion provides a third level of confirmation for trending moves, taking into account shorter and longer timeframes (FastEMA and SlowEMA parameters). Script base for the Derivative Oscillator is credited to Everget () and LazyBear (). Source attribution to Constance Brown for the Derivative Oscillator formula/indicator: // Brown, Constance. // Reference 1: “The Derivative Oscillator: a New Approach to an Old Problem,” Journal of Technical Analysis (Winter-Spring 1994) 45–61. // Reference 2: Technical Analysis for the Trading Professional. New York, NY: McGraw-Hill, 1999. Information on the Derivative Oscillator: www.investopedia.com
Pine Script™ indicator
by auroagwei
10
Momentum 4 Ways Smoothed [Salty]This is an enhance version of Momentum 4 Ways that shows 4 ways to calculate momentum and display each one along with their combined average value. This study was created to compare 4 different momentum values against their combined average using different display styles to allow the user to experiment with different views of momentum. - Added the ability to smooth the Average Momentum value. Default Smoothing value is 5. - Added the ability to use different average calculations. Default is WMA. - Added the ability to select the number of momentum values to average (1-4). Default is 4. - Added the ability to use VWAP instead of price as the input. The Smoothed Average Momentum line is color coded so that it is green when it is moving in the bullish direction and red when it is moving in the bearish direction.
Pine Script™ indicator
by markmiotke
6
VWAP/MVWAP/EMA CROSSOVEROnly difference in this one is that a EMA is used which should give quicker signals but theres a chance for more false signals as per usual use TA and other indicators to confirm positions. So far I've been liking the Vortex Indicator When the VWAP (Thick Yellow) AND the two EMA (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the VWAP strategy used in other markets this is the closest I could get. Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false. Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell. Q/A Q: Does it repaint? A: No, this is based on moving averages as far as I know they don't repaint. Q: How did you come up with this indicator? A: Went on youtube looking for trading strategies other and the usual EMA crosses and found a VWAP & EMA strat. I added the MVWAP and played with the numbers until I found something that I liked. Q: How long have you been trading/learning pinescript? A: Been trading less than a two months and pinescript about a month and a half.
Pine Script™ indicator
by derricklaflame
51
VWAP/MVWAP/SMA CROSSOVERTo use this indicator is simple. When the VWAP (Thick Yellow) AND the two SMA (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the VWAP strategy used in other markets this is the closest I could get. Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false. Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell. Q/A Q: Does it repaint? A: No, this is based on moving averages as far as I know they don't repaint. Q: How did you come up with this indicator? A: Went on youtube looking for trading strategies other and the usual EMA crosses and found a VWAP & EMA strat. I added the MVWAP and played with the numbers until I found something that I liked. Q: How long have you been trading/learning pinescript? A: Been trading less than a two months and pinescript about a month and a half.
Pine Script™ indicator
by derricklaflame
1