OPEN-SOURCE SCRIPT
VWAP Candles & MVWAP
I was getting sick of the useless VWAP indicator on Trading View and wrote something that is more comprehensive and quite interesting, in fact: candles for VWAP.
It uses the original open/high/low/close and combines them as you would the original hlc3 calculation, but separately, to draw the candles as a shadow of the current price.
There are a few parameters to make it more flexible: source, resolution timeframe, volume length, and moving average length.
Volume Length (default: 5) will determine the candle calculations, cumulative sum of the past X bars.
Moving Average Length (default: 9) will determine the simple moving average (sma) length for the true VWAP (hlc3*volume/cumulative volume)
Source will change the Moving Average VWAP from hlc3 to whatever you want.
Resolution will attune the candles and Moving Average VWAP line to a different periodicity.
Just to be a pain, I also included the old VWAP from Trading View, as a comparison. You can disable it from the Style settings.
Enjoy and happy trading!
It uses the original open/high/low/close and combines them as you would the original hlc3 calculation, but separately, to draw the candles as a shadow of the current price.
There are a few parameters to make it more flexible: source, resolution timeframe, volume length, and moving average length.
Volume Length (default: 5) will determine the candle calculations, cumulative sum of the past X bars.
Moving Average Length (default: 9) will determine the simple moving average (sma) length for the true VWAP (hlc3*volume/cumulative volume)
Source will change the Moving Average VWAP from hlc3 to whatever you want.
Resolution will attune the candles and Moving Average VWAP line to a different periodicity.
Just to be a pain, I also included the old VWAP from Trading View, as a comparison. You can disable it from the Style settings.
Enjoy and happy trading!
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。