OPEN-SOURCE SCRIPT
Dynamic VWAP Levels (V1.0)
The script calculates bands around the VWAP (Volume Weighted Average Price) using the Average True Range (ATR) to adjust the levels according to market reality. Buy and sell signals are generated when the price crosses these bands.
Customizable Parameters SmoothingLength (SmoothLength): The period used to smooth the levels. A higher value results in smoother bands that are less susceptible to rapid fluctuations.
Use EMA for smoothing?: Selects between using the Exponential Moving Average (EMA) or the Simple Moving Average (SMA) for smoothing.
ATR Length: The period used to calculate the ATR, which determines the frequency.
ATR Multiplier: A multiplier that adjusts the amplitude of the bands around the VWAP.
How the Script Works Calculating VWAP and Bands: The VWAP is calculated to obtain the volume weighted average price.
Bands are created around the VWAP by adding or subtracting a fraction of the ATR to account for the current market variation.
Smoothing Application: Price levels are smoothed to reduce market noise, allowing for better visualization of trends.
Signal Generation: Buy Signal: Generated when price crosses upwards the smoothed lower band (default dp7_smooth).
Sell Signal: Generated when price crosses downwards the smoothed upper band (default dp1_smooth).
Customizable Parameters SmoothingLength (SmoothLength): The period used to smooth the levels. A higher value results in smoother bands that are less susceptible to rapid fluctuations.
Use EMA for smoothing?: Selects between using the Exponential Moving Average (EMA) or the Simple Moving Average (SMA) for smoothing.
ATR Length: The period used to calculate the ATR, which determines the frequency.
ATR Multiplier: A multiplier that adjusts the amplitude of the bands around the VWAP.
How the Script Works Calculating VWAP and Bands: The VWAP is calculated to obtain the volume weighted average price.
Bands are created around the VWAP by adding or subtracting a fraction of the ATR to account for the current market variation.
Smoothing Application: Price levels are smoothed to reduce market noise, allowing for better visualization of trends.
Signal Generation: Buy Signal: Generated when price crosses upwards the smoothed lower band (default dp7_smooth).
Sell Signal: Generated when price crosses downwards the smoothed upper band (default dp1_smooth).
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。