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Flunki TWAP MTF Trend v.2
Further experiments with multi-timeframe weighted averages...
Herewith a duel timeframe TWAP (time weighted average price)
TWAP differs from VWAP as so..
TWAP is weighted based on time, VWAP is weighted based on time and volume . Small volume trades do not impact TWAP but impact VWAP
Anyways, as you can see, it does a pretty good job of showing trend..
Enjoy.
Herewith a duel timeframe TWAP (time weighted average price)
TWAP differs from VWAP as so..
TWAP is weighted based on time, VWAP is weighted based on time and volume . Small volume trades do not impact TWAP but impact VWAP
Anyways, as you can see, it does a pretty good job of showing trend..
Enjoy.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.