OPEN-SOURCE SCRIPT
Bens Platypus Dual VWAP_Rolling 7D vs Weekly Anchored
Ben’s Platypus Dual VWAP: Rolling 7D vs Weekly Anchored (optional σ bands)
Weekly-anchored VWAP resets on Monday (exchange time). That makes sense for assets tied to a traditional weekly “market open,” but BTC trades 24/7 and often doesn’t respect Monday as a real regime boundary—so the Monday reset can create a mechanical jump that looks like signal but is just arithmetic. If you drive entries/exits off that reset, some algos will get spooked into early entries, fake “stretch” readings, or sudden mean shifts that aren’t actually market behaviour.
This indicator fixes that by plotting:
• Rolling 7D VWAP (thick aqua): a continuous trailing VWAP that does not reset on Mondays, giving you a stable mean for reversion logic.
• Weekly Anchored VWAP (thin purple): kept for context, so you can see the reset effect rather than accidentally trade it.
Result: you can visually compare the two means and quantify when “weekly structure” is useful versus when it’s just a calendar artifact on a 24/7 market.
Weekly-anchored VWAP resets on Monday (exchange time). That makes sense for assets tied to a traditional weekly “market open,” but BTC trades 24/7 and often doesn’t respect Monday as a real regime boundary—so the Monday reset can create a mechanical jump that looks like signal but is just arithmetic. If you drive entries/exits off that reset, some algos will get spooked into early entries, fake “stretch” readings, or sudden mean shifts that aren’t actually market behaviour.
This indicator fixes that by plotting:
• Rolling 7D VWAP (thick aqua): a continuous trailing VWAP that does not reset on Mondays, giving you a stable mean for reversion logic.
• Weekly Anchored VWAP (thin purple): kept for context, so you can see the reset effect rather than accidentally trade it.
Result: you can visually compare the two means and quantify when “weekly structure” is useful versus when it’s just a calendar artifact on a 24/7 market.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.