OPEN-SOURCE SCRIPT
Flat VWMA Highs 3
The Flat VWMA High3 is a short-term resistance detection indicator based on the Volume-Weighted Moving Average (VWMA) applied to the high prices of candles. By default, it uses a length of 3, averaging the last three highs while weighting them according to traded volume.
Because higher-volume candles have a greater influence on the calculation, the indicator is designed to highlight areas where significant selling pressure or price rejection may be occurring. When the VWMA of highs becomes nearly horizontal, the script projects a short blue resistance segment into future bars, helping traders identify potential overhead supply zones.
Usage
The indicator is intended to be used similarly to traditional support and resistance analysis:
The indicator works particularly well for:
Identifying repeated upper wick rejection areas
Optional Features
Because higher-volume candles have a greater influence on the calculation, the indicator is designed to highlight areas where significant selling pressure or price rejection may be occurring. When the VWMA of highs becomes nearly horizontal, the script projects a short blue resistance segment into future bars, helping traders identify potential overhead supply zones.
Usage
The indicator is intended to be used similarly to traditional support and resistance analysis:
- Bullish Signal: Price breaks and closes above a resistance segment, suggesting supply may have been absorbed.
- Bearish / Resistance Holding: Price rejects from the segment, indicating sellers may still be defending that area.
The indicator works particularly well for:
Identifying repeated upper wick rejection areas
- Detecting short-term supply zones
- Visualizing potential institutional resistance levels
- Combining with gap analysis, moving averages, or volume studies
Optional Features
- VWMA Length
Default: 3 - Increase the length to identify broader or smoother resistance areas.
- Flatness Threshold (%)
Default: 0.15% - Controls how “flat” the VWMA must be before a resistance segment is drawn. Higher-volatility stocks may require a larger threshold.
- Extend Segment Right Bars
Default: 5 - Controls how far the resistance segment projects into future bars.
- Show VWMA High
- Displays the underlying VWMA(high) line directly on the chart for additional visualization.
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开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
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。