OPEN-SOURCE SCRIPT
VWMA Crosses
This is a simple tool that gives traders a simple visual representation of Volume-Weighted Moving Average ( VWMA ) crossovers that is pretty similar to the MACD . We don't typically trade solely based on the VWMA , but it is definitely one of our go-to tools when combining multiple indicators.
When trading with VWMA's, it is common to enter a position when the fast VWMA crosses over the slow VWMA . In other words, the fast VWMA was previously less than the slow VWMA and is now greater in value than the slow VWMA . Conversely, traders often exit their positions when the fast VWMA crosses under the slow VWMA .
This tool plots the absolute value of the difference between the fast and slow VWMA's as a histogram. When the difference between the fast and slow VWMA's is greater than zero (meaning fast > slow), then the bars are green. The bars then turn red when the fast VWMA is less than the slow VWMA . The blue circle-line is a Simple Moving Average of the difference between the two lines.
Here's a quick guide to interpreting the chart:
if (fast VWMA > slow VWMA ) and (difference < sma of differences)
then color = lime green
if (fast VWMA > slow VWMA ) and (difference > sma of differences)
then color = dark green
if (fast VWMA < slow VWMA ) and (difference < sma of differences)
then color = light red
if (fast VWMA < slow VWMA ) and (difference > sma of differences)
then color = dark red
~Happy Trading~
When trading with VWMA's, it is common to enter a position when the fast VWMA crosses over the slow VWMA . In other words, the fast VWMA was previously less than the slow VWMA and is now greater in value than the slow VWMA . Conversely, traders often exit their positions when the fast VWMA crosses under the slow VWMA .
This tool plots the absolute value of the difference between the fast and slow VWMA's as a histogram. When the difference between the fast and slow VWMA's is greater than zero (meaning fast > slow), then the bars are green. The bars then turn red when the fast VWMA is less than the slow VWMA . The blue circle-line is a Simple Moving Average of the difference between the two lines.
Here's a quick guide to interpreting the chart:
if (fast VWMA > slow VWMA ) and (difference < sma of differences)
then color = lime green
if (fast VWMA > slow VWMA ) and (difference > sma of differences)
then color = dark green
if (fast VWMA < slow VWMA ) and (difference < sma of differences)
then color = light red
if (fast VWMA < slow VWMA ) and (difference > sma of differences)
then color = dark red
~Happy Trading~
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.
-Profit Programmers
profitprogrammer.com
profitprogrammer.com
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.
-Profit Programmers
profitprogrammer.com
profitprogrammer.com
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.