VWAP Strategy by RP

This scrip will help to trade with VWAP strategy.

This is build with following components:
VWAP (Volume Weighted Average Price)
MVWAP (Moving Average of VWAP of 50 period by Default)
Previous Day VWAP.
Pivot Points.
Previous Day High.
Previous Day Low.
Previous Day Close.

For multi time frame analysis this indicator will indicate 15 minutes MVWAP (50 period) in any timeframe chosen by the user.

This will also indicate crossover and crossunder of VWAP over MVWAP, which will help in deciding BUY/SELL.

Hope this helps trader community.

Thanks. Please post your feedback.

Release Notes

As received lot of request to add Previous Day Last Candle Close, have added this indicator named PDLTP (Previous Day Last Traded Price).
So one can use Previous Day Close (PDClose) or can use PDLTP whichever suits to the trading strategy of Individual.

To get correct line of the PDLTP need these settings in the Trading View Chart setting.
> Go to Setting > Symbol
> untick Extended Hours (Intraday Only)

Hope this helps.

Thank You.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

pradhan19

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

pradhan19

Also on: