Adaptive VWAP Stdev Bands

2022年11月10日

Introduction
Heyo, here are some adaptive VWAP Standard Deviation Bands with nice colors.
I used Ehlers dominant cycle theories and ZLSMA smoothing to create this indicator.
You can choose between different algorithms to determine the dominant cycle and this will be used as reset period.
Everytime bar_index can be divided through the dominant cycle length and the result is zero VWAP resets if have chosen an adaptive mode in the settings.
The other reset event you can use is just a simple time-based event, e.g. reset every day.

Usage
I think people buy/sell when it reaches extreme zones.

Enjoy!

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Credits to:
SandroTurriate - VWAP Stdev Bands
blackcat1402 - Dominant Cycle Analysis
DasanC - Dominant Cycle Analysis
veryfid - ZLSMA
(Sry, too lazy for linking)

I took parts of their code. Ty guys for your work! Just awesome.

2024年2月7日

發行說明

Updated default values
Added cycle divider
Removed the option to show previous VWAP
Fixed that min length was not applied on a specific adaptive length algorithm
Fixed wrong smoothing method in tooltip description of "isSmoothingEnabled"
Added trading signal labels

2024年2月23日

發行說明

Removed 34 max length in Homodyne Discriminator