OPEN-SOURCE SCRIPT
VWAP + Bollinger Bands
VWAP + Bollinger Bands (TanTechTrades™)
This indicator combines VWAP (Volume Weighted Average Price) with Bollinger Bands to provide a hybrid view of price action, volume, and volatility.
🔹 VWAP Features
Customizable anchor period (Session, Week, Month, Quarter, Year, etc.)
Option to hide VWAP automatically on daily or higher timeframes
Up to 3 configurable VWAP bands with multipliers
Bands can be calculated using Standard Deviation or Percentage
🔹 Bollinger Bands Features
Adjustable period length and source
Multiple moving average types (SMA, EMA, RMA, WMA, VWMA)
Customizable standard deviation multiplier
Configurable offset for advanced alignment
🔹 Visuals
Central VWAP line with optional surrounding bands
Bollinger Bands with customizable fills
Color-coded regions to highlight volatility expansions and contractions
This tool is designed for traders who want to see how VWAP reacts alongside volatility envelopes, making it easier to identify areas of liquidity, support/resistance, and potential breakouts or reversals.
⚠️ Disclaimer: This script is for educational purposes only. It is not financial advice.
This indicator combines VWAP (Volume Weighted Average Price) with Bollinger Bands to provide a hybrid view of price action, volume, and volatility.
🔹 VWAP Features
Customizable anchor period (Session, Week, Month, Quarter, Year, etc.)
Option to hide VWAP automatically on daily or higher timeframes
Up to 3 configurable VWAP bands with multipliers
Bands can be calculated using Standard Deviation or Percentage
🔹 Bollinger Bands Features
Adjustable period length and source
Multiple moving average types (SMA, EMA, RMA, WMA, VWMA)
Customizable standard deviation multiplier
Configurable offset for advanced alignment
🔹 Visuals
Central VWAP line with optional surrounding bands
Bollinger Bands with customizable fills
Color-coded regions to highlight volatility expansions and contractions
This tool is designed for traders who want to see how VWAP reacts alongside volatility envelopes, making it easier to identify areas of liquidity, support/resistance, and potential breakouts or reversals.
⚠️ Disclaimer: This script is for educational purposes only. It is not financial advice.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。