OPEN-SOURCE SCRIPT
VWAP - Trend
This Pine Script calculates the Volume Weighted Average Price (VWAP) for a specified timeframe and plots its Linear Regression over a user-defined lookback period. The regression line is color-coded: green indicates an uptrend and red indicates a downtrend. The line is broken at the end of each day to prevent it from extending into the next day, ensuring clarity on a daily basis.
Key Features:
VWAP Calculation: The VWAP is calculated based on a selected timeframe, providing a smoothed average price considering volume.
Linear Regression: The script calculates a linear regression of the VWAP over a custom lookback period to capture the underlying trend.
Color-Coding: The regression line is color-coded to easily identify trends—green for an uptrend and red for a downtrend.
Day-End Break: The regression line breaks at the end of each day to prevent continuous plotting across days, which helps keep the analysis focused within daily intervals.
User Inputs: The user can adjust the VWAP timeframe and the linear regression lookback period to tailor the indicator to their preferences.
This script provides a visual representation of the VWAP trend, helping traders identify potential market directions and turning points based on the linear regression of the VWAP.
Key Features:
VWAP Calculation: The VWAP is calculated based on a selected timeframe, providing a smoothed average price considering volume.
Linear Regression: The script calculates a linear regression of the VWAP over a custom lookback period to capture the underlying trend.
Color-Coding: The regression line is color-coded to easily identify trends—green for an uptrend and red for a downtrend.
Day-End Break: The regression line breaks at the end of each day to prevent continuous plotting across days, which helps keep the analysis focused within daily intervals.
User Inputs: The user can adjust the VWAP timeframe and the linear regression lookback period to tailor the indicator to their preferences.
This script provides a visual representation of the VWAP trend, helping traders identify potential market directions and turning points based on the linear regression of the VWAP.
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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免责声明
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