OPEN-SOURCE SCRIPT
VWAPs Monthly and Annual
Description
This script plots two Anchored VWAPs (Volume Weighted Average Price) simultaneously: Monthly and Annual. It is designed to help traders identify institutional fair value across different time cycles.
1. How it works
* Anchor Logic: The script detects the exact moment a new month or year begins and automatically resets the calculation.
* Calculation: It uses a custom function that accumulates the price (hlc3) weighted by volume, ensuring precision without the lag of traditional moving averages.
* Visuals:
* Blue Line (Monthly): Resets every month.
* Orange Line (Yearly): Resets every year.
2. How to Use (Trading Strategy)
* Institutional Bias: Price above both VWAPs indicates a strong bullish regime. Price below indicates a bearish regime.
* Dynamic Support/Resistance: The Yearly VWAP is a major level defended by long-term investors. Use it to identify "big picture" reversals.
* Mean Reversion: When price deviates significantly from the VWAP, it often returns to these lines. Use this to avoid overextended entries.
* Confluence Zones: When the Monthly and Yearly lines converge, expect a high-momentum breakout.
This script plots two Anchored VWAPs (Volume Weighted Average Price) simultaneously: Monthly and Annual. It is designed to help traders identify institutional fair value across different time cycles.
1. How it works
* Anchor Logic: The script detects the exact moment a new month or year begins and automatically resets the calculation.
* Calculation: It uses a custom function that accumulates the price (hlc3) weighted by volume, ensuring precision without the lag of traditional moving averages.
* Visuals:
* Blue Line (Monthly): Resets every month.
* Orange Line (Yearly): Resets every year.
2. How to Use (Trading Strategy)
* Institutional Bias: Price above both VWAPs indicates a strong bullish regime. Price below indicates a bearish regime.
* Dynamic Support/Resistance: The Yearly VWAP is a major level defended by long-term investors. Use it to identify "big picture" reversals.
* Mean Reversion: When price deviates significantly from the VWAP, it often returns to these lines. Use this to avoid overextended entries.
* Confluence Zones: When the Monthly and Yearly lines converge, expect a high-momentum breakout.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。