Kviatek - Multi Day VWAP

10 thg 9, 2023

This indicator plots VWAPs anchored to each day of the week.
VWAPs are considered "fair price" for both sellers and buyers and it's often times where the liquidity is found.
From my trading I noticed how often times price likes to come back to the daily VWAP from the previous week, especially at the beginning and end of each week.
For example, if we enter a long on Friday, last Friday's VWAP tends to act as a target for the price.
Another use for it is to get an understanding of how the trend develops throughout the week.
If the following day's VWAP is above the previous day's VWAP - we have a trend continuation.

11 thg 9, 2023

Phát hành các Ghi chú

Minor code cleaning

20 thg 9, 2023

Phát hành các Ghi chú

A small change was made to the script, it now shows only today's and previous day's VWAP instead of all 5 of them.

22 thg 9, 2023

Phát hành các Ghi chú

Script clean up

12 thg 10, 2023

Phát hành các Ghi chú

new simpler colors

26 thg 10, 2023

Phát hành các Ghi chú

minor update

29 thg 10, 2023

Phát hành các Ghi chú

made the labels hidden for cleaner look