OPEN-SOURCE SCRIPT
VWAP Slope
This script calculates and displays the slope of the Volume Weighted Average Price (VWAP). It compares the current VWAP with its value from a user-defined lookback period to determine the slope. The slope is color-coded: green for an upward trend (positive slope) and red for a downward trend (negative slope).
Key Points:
VWAP Calculation: The script calculates the VWAP based on a user-defined timeframe (default: daily), which represents the average price weighted by volume.
Slope Determination: The slope is calculated by comparing the current VWAP to its value from a previous period, providing insight into market trends.
Color-Coding: The slope line is color-coded to visually indicate the market direction: green for uptrend and red for downtrend.
This script helps traders identify the direction of the market based on VWAP, offering a clear view of trends and potential turning points.
Key Points:
VWAP Calculation: The script calculates the VWAP based on a user-defined timeframe (default: daily), which represents the average price weighted by volume.
Slope Determination: The slope is calculated by comparing the current VWAP to its value from a previous period, providing insight into market trends.
Color-Coding: The slope line is color-coded to visually indicate the market direction: green for uptrend and red for downtrend.
This script helps traders identify the direction of the market based on VWAP, offering a clear view of trends and potential turning points.
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。
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。