VWAL Cloud + 200 Trend (v6) — Desh Videsh Trading

Description:
Visualize market trends easily with the VWAL Cloud + 200 Trend Indicator! This indicator is designed for traders who want a clear, intuitive view of trend direction using volume-weighted average lines (VWAL).

Features:

VWAL Cloud :

Shows the short-to-medium term trend zone.

Turns green when the cloud is above the 200-period VWAL (bullish).

Turns red when the cloud is below the 200-period VWAL (bearish).

Gray when the trend is neutral or mixed.

VWAL 200 Line:

Represents the long-term trend filter.

Helps identify overall market direction.

Trend Label:

Displays “TREND: BULL / BEAR / NEUTRAL” on the latest bar for quick visual reference.

How to Use:

Bullish Trend: Cloud above VWAL-200 → look for long setups.

Bearish Trend: Cloud below VWAL-200 → look for short setups.

Neutral Trend: Cloud overlapping VWAL-200 → avoid taking directional trades.

Customizable Inputs:

Cloud periods: can be changed as per your strategy

VWAL 200 period: adjust to suit longer-term trend detection

Cloud & line colors for personal preferences