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Mvwap

VWAP Strategy by RPThis scrip will help to trade with VWAP strategy. This is build with following components: VWAP (Volume Weighted Average Price) MVWAP (Moving Average of VWAP of 50 period by Default) Previous Day VWAP. Pivot Points. Previous Day High. Previous Day Low. Previous Day Close. For multi time frame analysis this indicator will indicate 15 minutes MVWAP (50 period) in any timeframe chosen by the user. This will also indicate crossover and crossunder of VWAP over MVWAP, which will help in deciding BUY/SELL. Hope this helps trader community. Thanks. Please post your feedback.
Pine Script™ indicator
by pradhan19
4
Price Action Movements by RPThis is the Indicator which will enhance finding Buying and Selling opportunity on any market. Mostly suited for day Trading and some indicator can be used for signalling stock on longer time frame. Indicators used to create this strategy is as follows: - Exponential Moving Average (EMA) - Supertrend - Volume Weighted Average Price (VWAP) - Exponential Moving Average of Volume Weighted Average Price (MVWAP) - Previous Day Volume Weighted Average Price (PVWAP) - Previous Day High, Low and Close (PDH, PDL, PDC) - And Current Day Support and Resistance points based on Previous day Price Movement. This will indicate where to buy and Sell with Indicator based on Following criteria, Buy Signal given, - When Close is above Exponential Moving Average 9 - When Close is above Exponential Moving Average 21 - RSI above 55 - Supertrend is positive - Volume is above 300 moving Average - Close is above Volume Weighted Average Price Sell Signal given, - When Close is below Exponential Moving Average 9 - When Close is below Exponential Moving Average 21 - RSI below 45 - Supertrend is negative - Volume is above 300 moving Average - Close is below Volume Weighted Average Price Trades can use this Study according to their need of the Indicator. Users can Tick the indicator which they want to add on Charts to study. Only Exponential Moving Average indicator can be used. Only Supertrend can be used. Volume Weighted Average Price, Previous Day Volume Weighted Average Price, Exponential Moving Average of Volume Weighted Average Price and Previous Day High, Low and Close can be used as a particular study. Support and Resistance can be used along with Previous Day High and Previous Day Low as a particular study. This is multipurpose Study which will help Trading Society immensely. Thank You.
Pine Script™ indicator
by pradhan19
5
VWAP/MVWAP/SMA CROSSOVERTo use this indicator is simple. When the VWAP (Thick Yellow) AND the two SMA (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the VWAP strategy used in other markets this is the closest I could get. Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false. Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell. Q/A Q: Does it repaint? A: No, this is based on moving averages as far as I know they don't repaint. Q: How did you come up with this indicator? A: Went on youtube looking for trading strategies other and the usual EMA crosses and found a VWAP & EMA strat. I added the MVWAP and played with the numbers until I found something that I liked. Q: How long have you been trading/learning pinescript? A: Been trading less than a two months and pinescript about a month and a half.
Pine Script™ indicator
by derricklaflame
1
VWAP Candles & MVWAPI was getting sick of the useless VWAP indicator on Trading View and wrote something that is more comprehensive and quite interesting, in fact: candles for VWAP. It uses the original open/high/low/close and combines them as you would the original hlc3 calculation, but separately, to draw the candles as a shadow of the current price. There are a few parameters to make it more flexible: source, resolution timeframe, volume length, and moving average length. Volume Length (default: 5) will determine the candle calculations, cumulative sum of the past X bars. Moving Average Length (default: 9) will determine the simple moving average (sma) length for the true VWAP (hlc3*volume/cumulative volume) Source will change the Moving Average VWAP from hlc3 to whatever you want. Resolution will attune the candles and Moving Average VWAP line to a different periodicity. Just to be a pain, I also included the old VWAP from Trading View, as a comparison. You can disable it from the Style settings. Enjoy and happy trading!
Pine Script™ indicator
by mabonyi
1
Complete Trend Trading System [Fhenry0331]This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period. The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the system works in the chart. Hope it helps and is not to cluttered. I will reiterate how the system works here: Everything is based off of closed price. Legend Uptrend: Buy Green bar: initial start of an uptrend or uptrend continuing. Place order above that bar. If the initial bar does not stray too far from the MVWAP , I will place orders above subsequent bars if no filled occurred. If initial start of the trend is missed, I will wait for the pullback. A pullback is a close below the MVWAP, and a close above the EMA (Low), RSI is above 50. Orders are placed above the pullback bars with plotted char "B" and also plotted green triangle up. Again orders are placed above those bars. the bars do not notate automatic buys. Don't chase anything. You will miss the initial bar on something because of news or earnings and it rocket up. Just wait, it will pullback. If it doesn't, to hell with it, on to the next. Take profits: In the indicator you will see "T." That notates to take some profits. It is a suggestion. I was always told to take profits into spikes, as well as you can never lose money if you take profits. Up to you if you want to scale out and take the suggested profits or not. Exit Completely: In an uptrend, close your entire position on bars colored yellow or red. (Again, closed bars) In uptrend bars colored orange and black, do nothing, they are just pullback bars. Look for the buy pullback signal, then follow pullback buy rules for an uptrend. Downtrend: Short Red bar: initial start of a downtrend or downtrend continuing. Place order below the bar. If the initial bar does not stray too far fro the MVWAP, place orders below subsequent bars. If initial start on the downtrend is missed, wait for the pullback. A pullback is a close above the MVWAP, and close below the EMA(Low). RSI is below 50. Orders are placed below the pullback bars with the plotted char "S" and also plotted red triangle. Again those bars are not automatic shorts, orders are placed below them. Don't chase anything. Wait for price to come into your plan. The idea FOMO is the stupidest thing ever, how can you miss out on something when it is always there. The market is always there and something will come into your zone. Chill. "T": same as in uptrend, suggestion to take some profits. Exit Completely: In a downtrend, close your entire position on bars colored orange or green. In downtrend you will see bars colored yellow and black, do nothing, they are pullback bars. Look for the pullback short signal and follow pullback short rules. If you have any questions get at me. Take a look at it on what you trade. Flip it through different securities. Best of luck in all you do. P.S. You should not take a trade right before earnings. You should also exit a trade right before earnings.
Pine Script™ indicator
by NYBKLYN
36
Simple TrenderOriginates from: I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy. Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position. Conditions: Buy when price closed below ema (low) for two bars or more, then closes above. Opposite for a short position. I do not follow this condition. Though it may help with whipsaw. My condition is when price closes above the 26 ema (low) (works the best for me) I place orders above the initial crossing bars high. Opposite for lows. I look for stocks that are low in price to go long on. I want the run from 2's to 15's I look for stocks that are mid-teens/20's in price to go short on. I want the run from 20's to 2's I look for stock with news and earnings that are already running (up or down) to play the pullback. These conditions can easily be scanned for on thinkorswim From first glance, the system looks like CMsling shotsystem. Although, I plagiarized some parts of the codes, because I am inept when it comes to that shit, it differs as it is not a moving average crossover system. It is a price crossing over concept. A moving average VWAP is used for best entries on pullbacks. Purpose: --To catch the majority of a trend/wave/run. --To identify pullback areas to go long or short while in midst of trend. To catch pullbacks off news and earning runners. --To catch the initial start of trend with clear rules to enter --Clear rules to exit Issues --possibilities of getting ninja sliced the fuck up. Can be mitigated by entering stocks with decent average volume. And also only going long above 200 ema and short below it. ADX won't work, at the initial start of the trend it will show not trending. Can look at blow off volume at the bottom followed by increase in buying for long and vice versa for short. --Can give some huge gains away through gap ups or gap downs from news or earnings during trend. However, can get huge gain on gaps from news or earning. Nature of the game. --Need some brass balls and a supply of pepto to stomach through some of the pullbacks. Gut wrenching seeing big gains dwindle. But they all even out at the end, you hope. (see NBEV and IGC, and CRON and others. shit don't go in straight lines, homie) Pros --It's simple and easy. Overall, you profit --works with any security Cons --It can be stressful. --does not work well on lower time frames. Do not recommend going below 15 minutes --Possibility of working on 5 minutes with a time frame breakout strategy (15,30 min). Couple it with LazyBear "Weis Wave Volume" indicator. Works well for pullback entries. Enjoy. Ride some waves.
Pine Script™ indicator
by NYBKLYN
6