The VWAP Stop Loss indicator is a technical analysis tool that helps traders determine where to set their stop loss levels based on the Volume-Weighted Average Price ( VWAP ). This indicator calculates the VWAP based on a specified length and multiplies it by a factor, which helps determine the distance for the stop loss levels. When using this indicator, the...
Introduction Heyo, here are some adaptive VWAP Standard Deviation Bands with nice colors. I used Ehlers dominant cycle theories and ZLSMA smoothing to create this indicator. You can choose between different algorithms to determine the dominant cycle and this will be used as reset period. Everytime bar_index can be divided through the dominant cycle length and the...
Volume-Weighted Average Price (VWAP) is calculating day, week, month or year average price where transaction prices are weighted with the volume value. This way script is estimating the average price based on both volume and price. Features: Drawing VWAP for days, weeks, months or years Drawing initial periods (% with or without weekends) Drawing last...