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VMMA Wave Edges [MTF]
The VMMA Wave Edges [MTF] is a multi-timeframe (MTF) overlay indicator that plots dynamic upper and lower edges formed by a band of Volume-Weighted Moving Averages (VWMAs) of varying lengths. It computes N VWMAs with lengths increasing arithmetically from start_len by incr, then plots:The maximum of all VWMAs → Upper Edge
The minimum of all VWMAs → Lower Edge
These edges are calculated on a higher timeframe (mtf_tf) and projected onto the current chart, creating a smooth, volume-sensitive envelope that adapts to volatility and trend strength.Use & InterpretationFeature
Purpose
Upper Edge
Dynamic resistance zone; price often reacts when approaching or breaking above.
Lower Edge
Dynamic support zone; price tends to bounce or consolidate near it.
Edge Contraction
Low volatility → potential breakout setup.
Edge Expansion
High volatility → trend continuation or exhaustion.
MTF Projection
Avoids repainting & noise by using cleaner higher-timeframe data.
Trading ApplicationsMean ReversionBuy near Lower Edge, sell near Upper Edge (especially in ranging markets).
Breakout ConfirmationPrice closing above Upper Edge on MTF → bullish breakout.
Below Lower Edge → bearish.
Trend FilterIn uptrend: price above Upper Edge → strong momentum.
In downtrend: price below Lower Edge → strong bearish control.
Support/Resistance FlipBroken Upper Edge → becomes future support (and vice versa).
The minimum of all VWMAs → Lower Edge
These edges are calculated on a higher timeframe (mtf_tf) and projected onto the current chart, creating a smooth, volume-sensitive envelope that adapts to volatility and trend strength.Use & InterpretationFeature
Purpose
Upper Edge
Dynamic resistance zone; price often reacts when approaching or breaking above.
Lower Edge
Dynamic support zone; price tends to bounce or consolidate near it.
Edge Contraction
Low volatility → potential breakout setup.
Edge Expansion
High volatility → trend continuation or exhaustion.
MTF Projection
Avoids repainting & noise by using cleaner higher-timeframe data.
Trading ApplicationsMean ReversionBuy near Lower Edge, sell near Upper Edge (especially in ranging markets).
Breakout ConfirmationPrice closing above Upper Edge on MTF → bullish breakout.
Below Lower Edge → bearish.
Trend FilterIn uptrend: price above Upper Edge → strong momentum.
In downtrend: price below Lower Edge → strong bearish control.
Support/Resistance FlipBroken Upper Edge → becomes future support (and vice versa).
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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。