OPEN-SOURCE SCRIPT

VWAP_CURRENT_YESTERDAY

Updated

The "VWAP CURRENT YESTERDAY" is a Pine Script designed for TradingView that automatically calculates and plots the Volume Weighted Average Price (VWAP) for the current day, the previous day.

Dynamic VWAP Calculation:
Automatically generates VWAPs for 1 day and 2 day.

User-Friendly Customization:
Through input options, users can easily toggle the visibility of each VWAP line, adjust colors, and set line thicknesses to their preference.

Configuration Options

1. VWAP Source:
Choose the price source for VWAP calculation. Default is the typical price (`hlc3` - the average of high, low, and close).

2. VWAP Lines:
Toggle the display for Today's VWAP, Yesterday's VWAP, and the VWAP from 2 days ago.
Customize colors and thickness for each VWAP line for clear visual distinction.

3. VWAP Labels:
Configure label sizes and positions to ensure that VWAP values are easily identifiable on the chart.

How It Works:
- The script calculates the sum of price multiplied by volume (`vwapsum`) and the sum of volumes (`volumesum`) for the specified periods.
- It utilizes an impulse function to reset calculations at the start of each new session or custom date, ensuring accurate and relevant VWAP values.
- Final VWAP values are plotted as lines on the chart, with optional labels for current and 2-day VWAPs for quick reference.

Customization Guide:
- To activate or deactivate specific VWAP lines, navigate to the 'VWAP Lines' section in the script's settings and toggle the respective options.
- Adjust the color and thickness of each VWAP line under the same section to match your charting preferences.
- Label settings, including size and offset, can be customized in the 'VWAP Labels' section, allowing for personalized label positioning and readability.

Release Notes

Bug

Release Notes

updated label delete

Release Notes

update

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.