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Vwap Pvwap Intraday Trend - NiftyKishore

Hello Traders !!

This is a simple trend identification script which is based on the current vwap (Cvwap) and previous vwap (Pvwap).

Pvwap in the sense; previous day vwap closing value.

Bullish: price is closing above the current day vwap and previous day vwap(pvwap).
Bearish : Price is closing below the current day vwap and previous day vwap (pvwap).


Made a change to the barcolors as well :)

Bullish
Green Bar: close is above Pvwap and Cvwap.
Blue bar: close is above Pvwap but below Cwap.

Bearish
Red bar: close is below Pvwap and Cvwap.
Purple bar: close is below Pvwap but above Cvwap.


Simple but effective
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.