Vwap Stop lossThe VWAP Stop Loss indicator is a technical analysis tool that helps traders determine where to set their stop loss levels based on the Volume-Weighted Average Price ( VWAP ).
This indicator calculates the VWAP based on a specified length and multiplies it by a factor, which helps determine the distance for the stop loss levels.
When using this indicator, the red line represents the short stop loss level and the teal line represents the long stop loss level.
The lines will adjust automatically with the changing price action to ensure they always remain at the appropriate distance from the VWAP .
This indicator can be used on any time frame and for any market, making it a versatile tool for traders.
It can help you manage your risk by providing an objective method for setting stop loss levels, which can help increase the chances of successful trades.
Additionally, this indicator can also be used in combination with other technical indicators to help make more informed trading decisions.
Vwapband
Adaptive VWAP Stdev BandsIntroduction
Heyo, here are some adaptive VWAP Standard Deviation Bands with nice colors.
I used Ehlers dominant cycle theories and ZLSMA smoothing to create this indicator.
You can choose between different algorithms to determine the dominant cycle and this will be used as reset period.
Everytime bar_index can be divided through the dominant cycle length and the result is zero VWAP resets if have chosen an adaptive mode in the settings.
The other reset event you can use is just a simple time-based event, e.g. reset every day.
Usage
I think people buy/sell when it reaches extreme zones.
Enjoy!
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Credits to:
@SandroTurriate - VWAP Stdev Bands
@blackcat1402 - Dominant Cycle Analysis
@DasanC - Dominant Cycle Analysis
@veryfid - ZLSMA
(Sry, too lazy for linking)
I took parts of their code. Ty guys for your work! Just awesome.
VWAP - Volume-Weighted Average PriceVolume-Weighted Average Price (VWAP) is calculating day, week, month or year average price where transaction prices are weighted with the volume value.
This way script is estimating the average price based on both volume and price.
Features:
Drawing VWAP for days, weeks, months or years
Drawing initial periods (% with or without weekends)
Drawing last close value
3 standard deviation slots
Labels with values
Script Settings:
| Volume-Weighted Average Price visualization |
Type - Chart type selection:
D(ay) - Daily Volume Weighted Average Price
W(eek) - Weekly Volume Weighted Average Price
M(onth) - Monthly Volume Weighted Average Price
Y(ear) - Annual Volume Weighted Average Price
Draw VWAP - VWAP visiblity checkbox, color and line width used for VWAP visualization, checkbox for label with value.
Previous close - Drawing last VWAP close value. Color and line width used for drawing. checkbox for label with value.
Establishing period - Drawing initial area (described as % of the chart type period). Color picker for warning box background. VWAP is restarted with each period start. In the initial period VWAP value and it's deviations are not accurate and some traiding technics recommend to skip initial periods.
Include weekends - Checkbox if establishing period calculations should include weekends. Stock exchanges are not working during weekends (should be not checked) and crypto markets are working 7 days a week (should be checked).
| Standard deviation |
Slot1 - Standard deviation multiplier (0 is hiding), color and line width.
Slot2 - Standard deviation multiplier (0 is hiding), color and line width.
Slot3 - Standard deviation multiplier (o is hiding), color and line width.
Troubleshooting:
In case of any problems, please contact the author of the script. To improve speed of solving problem first check if script is drawn, and if there is a "!" character after script params. If you can see "!" character, move cursor over it for detail. Send message with error details, ticker and interval to us. The more precise will be your description the faster we will be able to help you.
