OPEN-SOURCE SCRIPT

VolumeWeightedAveragePrice

1 302
Hey guys,

here i present an advanced version of the standard VWAP indicator, with some configurable offsets.

The basic VWAP is an intraday average price weighted by volume to offer great levels to enter a trade (long or short).

The Formula looks like this:
VWAP= (∑Price * Volume) / ∑Volume

Its very simple to use: if the price closes above the VWAP its bullish, if it closes below its bearish. Because it acts as support and resistance, you can find good entries around this level and also on its offsets.

Feel free to ask if something is unclear now.

Cheers

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.