OPEN-SOURCE SCRIPT
Vwap Z-Score with Signals [UAlgo]
The "VWAP Z-Score with Signals [UAlgo]" is a technical analysis tool designed to help traders identify potential buy and sell signals based on the Volume Weighted Average Price (VWAP) and its Z-Score. This indicator calculates the VWAP Z-Score to show how far the current price deviates from the VWAP in terms of standard deviations. It highlights overbought and oversold conditions with visual signals, aiding in the identification of potential market reversals. The tool is customizable, allowing users to adjust parameters for their specific trading needs.
🔶 Features
VWAP Z-Score Calculation: Measures the deviation of the current price from the VWAP using standard deviations.
Customizable Parameters: Allows users to set the length of the VWAP Z-Score calculation and define thresholds for overbought and oversold levels.
Reversal Signals: Provides visual signals when the Z-Score crosses the specified thresholds, indicating potential buy or sell opportunities.
🔶 Usage
Extreme Z-Score values (both positive and negative) highlight significant deviations from the VWAP, useful for identifying potential reversal points.
The indicator provides visual signals when the Z-Score crosses predefined thresholds:
A buy signal (🔼) appears when the Z-Score crosses above the lower threshold, suggesting the price may be oversold and a potential upward reversal.
A sell signal (🔽) appears when the Z-Score crosses below the upper threshold, suggesting the price may be overbought and a potential downward reversal.
These signals can help you identify potential entry and exit points in your trading strategy.
🔶 Disclaimer
The "VWAP Z-Score with Signals [UAlgo]" indicator is designed for educational purposes and to assist traders in their technical analysis. It does not guarantee profitable trades and should not be considered as financial advice.
Users should conduct their own research and use this indicator in conjunction with other tools and strategies.
Trading involves significant risk, and it is possible to lose more than your initial investment.
🔶 Features
VWAP Z-Score Calculation: Measures the deviation of the current price from the VWAP using standard deviations.
Customizable Parameters: Allows users to set the length of the VWAP Z-Score calculation and define thresholds for overbought and oversold levels.
Reversal Signals: Provides visual signals when the Z-Score crosses the specified thresholds, indicating potential buy or sell opportunities.
🔶 Usage
Extreme Z-Score values (both positive and negative) highlight significant deviations from the VWAP, useful for identifying potential reversal points.
The indicator provides visual signals when the Z-Score crosses predefined thresholds:
A buy signal (🔼) appears when the Z-Score crosses above the lower threshold, suggesting the price may be oversold and a potential upward reversal.
A sell signal (🔽) appears when the Z-Score crosses below the upper threshold, suggesting the price may be overbought and a potential downward reversal.
These signals can help you identify potential entry and exit points in your trading strategy.
🔶 Disclaimer
The "VWAP Z-Score with Signals [UAlgo]" indicator is designed for educational purposes and to assist traders in their technical analysis. It does not guarantee profitable trades and should not be considered as financial advice.
Users should conduct their own research and use this indicator in conjunction with other tools and strategies.
Trading involves significant risk, and it is possible to lose more than your initial investment.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。