MVWAP Scalper Prototype [NeoButane]
Besides the MVWAP, the horizontal levels provide support/resistance and shows a 'magnet' to where price might go again.
- Revamped MVWAP formula to include a modified McGinley for the EMA to weigh a little heavier when going down but still be able to handle pumps
- Added new lines based on 1% liquidation prices that should reset every 3 days, with price being an average of highs/lows and part of VFAP itself. The biggest worry was repainting after seeing how it moves to so close to price when it resets, but it doesn't look like it's repainting heavily and bar replay shows heavy changes only after big moves. I still won't be including it in the final release because it's way too convoluted + takes too long to test + niche
- Added toggle for color change.
- Minor changes to formula. 15/D/Smooth, 10/720/Smooth, or 15/D/No Smooth are the current preferred settings
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Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NeoButane directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)