Multi+Custom VWAP

6 天前

Multi-VWAP (Session, Weekly, Monthly, Custom)

Description:
This script plots multiple VWAP (Volume Weighted Average Price) levels on the chart, giving traders a broader perspective of price action across different time horizons.

Features:
Session VWAP → Resets at the start of each trading session.
Weekly VWAP → Resets every Monday.
Monthly VWAP → Resets at the start of each new month.
Custom VWAP → User can specify a custom start date and time, and the script will calculate VWAP from that moment until the current bar.

Use Cases:
Compare intraday (session) VWAP with higher-timeframe VWAPs (weekly & monthly) to spot confluence levels.
Track how price interacts with institutional benchmarks.
Use custom VWAP to anchor from specific events (earnings, news releases, breakouts, etc.).

Notes:
Works on any timeframe and instrument that has volume data.
Designed to be clean and minimal with adjustable colors and line styles.
Useful for day traders, swing traders, and long-term investors who monitor VWAP across multiple time horizons.

3 天前

發行說明

Multi-VWAP (Session, Weekly, Monthly, Custom)

Description:
This script plots multiple VWAP (Volume Weighted Average Price) levels on the chart, giving traders a broader perspective of price action across different time horizons.

Features:
Session VWAP → Resets at the start of each trading session.
Weekly VWAP → Resets every Monday.
Monthly VWAP → Resets at the start of each new month.
Custom VWAP → User can specify a custom start date and time, and the script will calculate VWAP from that moment until the current bar.

Use Cases:
Compare intraday (session) VWAP with higher-timeframe VWAPs (weekly & monthly) to spot confluence levels.
Track how price interacts with institutional benchmarks.
Use custom VWAP to anchor from specific events (earnings, news releases, breakouts, etc.).

Notes:
Works on any timeframe and instrument that has volume data.
Designed to be clean and minimal with adjustable colors and line styles.
Useful for day traders, swing traders, and long-term investors who monitor VWAP across multiple time horizons.

How I would use vwap :
I would closely watch previous day's closing with respect to daily and weekly vwap position. If today's open is above both of that then pullback upto daily or weekly vwap could be really good opportunity to go long. (Opposite for short trades.)

If you are higher timeframe trader then weekly and monthly vwap would be super useful to understand who is in control in market buyer or seller. Best opportunity arise when weekly vwap is crossing either way to monthly vwap and sustaining below for at least 1 day. Though this will not always indicate a change in trend but with other confluences you can make changes to your positions.

Disclaimer: All trading strategies carry risk and no strategy can guarantee a 100% win rate. Market conditions are unpredictable and may result in losses. Please use these strategies only with proper knowledge, risk management, and under professional guidance. Trading decisions are solely your responsibility.