OPEN-SOURCE SCRIPT
VWEMA v2
Volume Weighted Exponential Moving Average
Adding more weight to volume.
Adjust the 20/75 according to your preferred timeframe. It seems okay for the 1h chart.
Added alerts options.
Indicates volume spikes and drops.
Works best in tandem with both daily and weekly VWAPs, and Volume Profile.
Adding more weight to volume.
Adjust the 20/75 according to your preferred timeframe. It seems okay for the 1h chart.
Added alerts options.
Indicates volume spikes and drops.
Works best in tandem with both daily and weekly VWAPs, and Volume Profile.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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