Ultimate VWAP Bands

2020年10月12日

- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.

- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.

- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.

- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.

2020年11月15日

發行說明

Added an optional 2nd and 3rd VWAP. Timeframes can be adjusted. By default the 2nd is set to 'D' (Daily), with the 3rd set to 'W' (Weekly)

2020年11月15日

發行說明

Changed the 2nd and 3rd VWAP's

2020年11月16日

發行說明

Ability to apply the bands to the 2nd and 3rd VWAP

2021年4月13日

發行說明

Please find the new version of this on my profile called "Ultimate VWAP Bands w/Wolfpack".

1. Improved code
2. Dynamic VWAP multiplier
3. Wolfpack Bull/Bear Trend Included

2022年7月6日

發行說明

Updated. Now includes a trend indicator as well as better formatting

2022年7月6日

發行說明

Changes and chart update

2022年9月28日

發行說明

Added the ability to use the manual multiplier alongside the dynamic multiplier. When both tick boxes are set to true