OPEN-SOURCE SCRIPT
Triple VWAP - Session Weekly Monthly
This indicator as been tested in these assets
GER40
NAS100
SPX500
Triple VWAP is a TradingView indicator that combines Session VWAP, Weekly VWAP and Monthly VWAP into one chart.
Each VWAP can be configured independently. The indicator supports standard deviation or percentage bands, with up to three customizable band levels. Source, offset, calculation timeframe, band visibility, fills and other settings can be adjusted separately for Session, Weekly and Monthly VWAP.
The 1 standard deviation bands can help identify areas of value, rotation and deviation from VWAP. Price holding around VWAP can indicate balance, while sustained movement outside the bands can provide context for momentum, acceptance and possible continuation.
The three VWAPs can also be used together to identify confluence between short-term and higher-timeframe value areas.
Example trade: GER40 5-minute chart.
In the example, price sold off into an area where the Weekly VWAP and Session VWAP were closely aligned. This created a higher-confluence support area.
Price reacted from the VWAP zone and began moving back above the levels. The long entry was taken after the bullish reaction and confirmation.
The setup was based on:
Price reaching the Weekly and Session VWAP confluence.
The area holding as support.
Price reclaiming the VWAP area.
Bullish confirmation before entering.
The VWAP itself is not treated as an automatic entry signal. The setup combines location, timeframe confluence, price reaction and confirmation.
This indicator is intended as a reference tool for market structure, value, mean reversion, support and resistance, and trend analysis. It should be used together with appropriate risk management and additional market analysis.
GER40 NAS100 SPX500 Triple VWAP is a TradingView indicator that combines Session VWAP, Weekly VWAP and Monthly VWAP into one chart.
Each VWAP can be configured independently. The indicator supports standard deviation or percentage bands, with up to three customizable band levels. Source, offset, calculation timeframe, band visibility, fills and other settings can be adjusted separately for Session, Weekly and Monthly VWAP.
The 1 standard deviation bands can help identify areas of value, rotation and deviation from VWAP. Price holding around VWAP can indicate balance, while sustained movement outside the bands can provide context for momentum, acceptance and possible continuation.
The three VWAPs can also be used together to identify confluence between short-term and higher-timeframe value areas.
Example trade: GER40 5-minute chart.
In the example, price sold off into an area where the Weekly VWAP and Session VWAP were closely aligned. This created a higher-confluence support area.
Price reacted from the VWAP zone and began moving back above the levels. The long entry was taken after the bullish reaction and confirmation.
The setup was based on:
Price reaching the Weekly and Session VWAP confluence.
The area holding as support.
Price reclaiming the VWAP area.
Bullish confirmation before entering.
The VWAP itself is not treated as an automatic entry signal. The setup combines location, timeframe confluence, price reaction and confirmation.
This indicator is intended as a reference tool for market structure, value, mean reversion, support and resistance, and trend analysis. It should be used together with appropriate risk management and additional market analysis.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.