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已更新 Island EMA/VWAP Cross
The indicator is designed to help traders identify potential buy and sell signals based on the interactions between a 7-period Exponential Moving Average (EMA) and the Volume Weighted Average Price (VWAP). Additionally, it provides market volatility information through the Average True Range (ATR) and the Relative Volume (RVOL).
Exponential Moving Average (EMA)
Purpose: Smooths price data to identify the trend direction.
Calculation: The EMA reacts more significantly to recent price changes compared to a simple moving average.
Input: You can set its length (default is 7 periods).
Volume Weighted Average Price (VWAP)
Purpose: Provides the average price a security has traded at throughout the day, based on both price and volume.
Significance: It often serves as a key level for potential support or resistance.
Exponential Moving Average (EMA)
Purpose: Smooths price data to identify the trend direction.
Calculation: The EMA reacts more significantly to recent price changes compared to a simple moving average.
Input: You can set its length (default is 7 periods).
Volume Weighted Average Price (VWAP)
Purpose: Provides the average price a security has traded at throughout the day, based on both price and volume.
Significance: It often serves as a key level for potential support or resistance.
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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。