OPEN-SOURCE SCRIPT
RVWAP ENHANCED

**Rolling VWAP with Alerts and Markers**
This Pine Script indicator enhances the traditional Rolling VWAP (Relative Volume Weighted Average Price) by adding dynamic features for improved visualization and alerting.
### Features:
1. **Dynamic VWAP Line Coloring**:
- The VWAP line changes color based on the relationship with the closing price:
- **Green** when the price is above the VWAP.
- **Red** when the price is below the VWAP.
2. **Candle and Background Coloring**:
- **Candles**: Colored green if the close is above the VWAP and red if below.
- **Background**: Subtle green or red shading indicates the price’s position relative to the VWAP.
3. **Alerts**:
- Alerts notify users when the VWAP changes direction:
- "VWAP Turned Green" for price crossing above the VWAP.
- "VWAP Turned Red" for price crossing below the VWAP.
4. **Small Dot Markers**:
- Tiny dots are plotted below the candles to mark VWAP state changes:
- **Green dot** for VWAP turning green.
- **Red dot** for VWAP turning red.
5. **Custom Time Period**:
- Users can select either a dynamic time period based on the chart's timeframe or a fixed time period (customizable in days, hours, and minutes).
6. **Standard Deviation Bands (Optional)**:
- Standard deviation bands around the VWAP can be enabled for further analysis.
This script is designed to provide clear and actionable insights into market trends using the RVWAP, making it an excellent tool for traders who rely on volume-based price action analysis.
This Pine Script indicator enhances the traditional Rolling VWAP (Relative Volume Weighted Average Price) by adding dynamic features for improved visualization and alerting.
### Features:
1. **Dynamic VWAP Line Coloring**:
- The VWAP line changes color based on the relationship with the closing price:
- **Green** when the price is above the VWAP.
- **Red** when the price is below the VWAP.
2. **Candle and Background Coloring**:
- **Candles**: Colored green if the close is above the VWAP and red if below.
- **Background**: Subtle green or red shading indicates the price’s position relative to the VWAP.
3. **Alerts**:
- Alerts notify users when the VWAP changes direction:
- "VWAP Turned Green" for price crossing above the VWAP.
- "VWAP Turned Red" for price crossing below the VWAP.
4. **Small Dot Markers**:
- Tiny dots are plotted below the candles to mark VWAP state changes:
- **Green dot** for VWAP turning green.
- **Red dot** for VWAP turning red.
5. **Custom Time Period**:
- Users can select either a dynamic time period based on the chart's timeframe or a fixed time period (customizable in days, hours, and minutes).
6. **Standard Deviation Bands (Optional)**:
- Standard deviation bands around the VWAP can be enabled for further analysis.
This script is designed to provide clear and actionable insights into market trends using the RVWAP, making it an excellent tool for traders who rely on volume-based price action analysis.
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。