VWAP Oscillator (Normalised)
BTCUSDT Perpetual ContractBybit
描述
⋅ Thanks:
Thanks to upslidedown for his VWAP Oscillator that served as the inspiration for this normalised version.
Core Aspects:
- The script calculates the VWAP by considering both volume and price data, offering a comprehensive view of market activity.
- Uses an adaptive normalization function to balance the data, ensuring that the VWAP reflects current market conditions accurately.
- The oscillator includes customizable settings such as VWAP source, lookback period, and buffer percentage.
- Provides a clear visual representation of market trends.
Usage Summary:
- Detect divergences between price and oscillator for potential trend reversals.
- Assess market momentum with oscillator’s position relative to the zero line.
- Identify overbought and oversold conditions to anticipate market corrections.
- Use volume-confirmed signals for enhanced reliability in trend strength assessments.
發布通知
⋅ Corrected thanks in the comments.
Made indicator and time frame visible in the chart preview for compliance with pinecoders agreement.
發布通知
⋅ Added an additional Up-Down Volume Profile overlay. Thanks to the trading view team for their Up/Down Volume Indicator.
Added an alternative normalisation method for the VWAP Oscillator designed to be more responsive to local trends:
- MA-StdDev for short-term price movements and volatility
- Adaptive for analysing longer-term trends