Volume Fusion Tracker Invesmate

2024年12月29日

This TradingView scanner script is designed to identify specific trading conditions using EMAs (Exponential Moving Averages), VWAP (Volume Weighted Average Price), and the previous day's pivot level. Here’s a detailed description of its functionality:

### **Indicators and Calculations:**
1. **EMAs:**
- Two EMAs are calculated: a 10-period EMA and a 16-period EMA.
- The area between the EMAs is color-coded:
- **Green**: When the 10 EMA is above the 16 EMA.
- **Red**: When the 10 EMA is below the 16 EMA.

2. **VWAP:**
- VWAP is calculated based on the current session's data.

3. **Pivot Level:**
- The pivot level is derived from the previous day's high, low, and close prices:
- Pivot = (High + Low + Close) / 3

### **Trading Conditions and Signals:**
1. **Green Box Signal (Bullish Signal):**
- A green box is plotted **below a candle** when:
- The candle opens below the VWAP.
- The candle closes above the VWAP.
- The candle opens below the 10 EMA.
- The candle closes above the 10 EMA.

2. **Red Box Signal (Bearish Signal):**
- A red box is plotted **above a candle** when:
- The candle opens above the VWAP.
- The candle closes below the VWAP.
- The candle opens above the 10 EMA.
- The candle closes below the 10 EMA.
- The candle is a red (bearish) candle (close < open).

### **Visualization:**
- The script visually enhances the chart with:
- Green and red areas between EMAs to indicate trends.
- Green and red box markers to highlight specific bullish or bearish candles based on the VWAP and EMA interaction.

This scanner is useful for traders looking to identify potential trend shifts and trade opportunities based on a combination of VWAP, EMAs, and pivot levels. Let me know if you'd like further refinements or additional features!

2024年12月29日

版本注释

### Description of the Indicator: EMA & VWAP Scanner with CPR Levels

This custom TradingView indicator is designed to assist traders by providing clear visual signals and relevant information about key levels and conditions on the chart. Here’s how the components work:

---

#### **1. EMAs and Colored Area**
- **10 EMA**: A faster-moving average plotted as a green line.
- **16 EMA**: A slower-moving average plotted as a red line.
- **Colored Area**:
- When the 10 EMA is above the 16 EMA, the area between the two EMAs is filled with a **green** shade.
- When the 10 EMA is below the 16 EMA, the area is filled with a **red** shade.

---

#### **2. VWAP (Volume-Weighted Average Price)**
- The VWAP line is dynamic and changes color based on the following volume condition:
- **Black**: When the current candle's volume is at least twice the previous candle's volume.
- **Red**: For all other cases.

---

#### **3. CPR (Central Pivot Range)**
- This indicator plots the current day’s **CPR levels** using the day’s high, low, and close:
- **Pivot**: The central pivot is marked with a blue line.
- **Bottom Central (BC)** and **Top Central (TC)**: These are plotted as orange lines.

---

#### **4. Signal Boxes**
- **Green Box Below Candle**: Indicates a bullish condition where:
- The candle’s **open** is below the VWAP.
- The candle’s **close** is above both the VWAP and the 10 EMA.
- **Red Box Above Candle**: Indicates a bearish condition where:
- The candle’s **open** is above the VWAP.
- The candle’s **close** is below both the VWAP and the 10 EMA.
- The candle is a **red candle** (close is below open).

---

### Use Case:
This indicator is useful for:
1. Identifying momentum shifts using EMAs and VWAP.
2. Observing key levels with CPR (helpful in determining potential reversals or continuation zones).
3. Highlighting important bullish and bearish candles through visual signals.

---

Let me know if you'd like any additional details or modifications!

2024年12月29日

版本注释

### Description of the Indicator: EMA & VWAP Scanner with CPR Levels

This custom TradingView indicator is designed to assist traders by providing clear visual signals and relevant information about key levels and conditions on the chart. Here’s how the components work:

---

#### **1. EMAs and Colored Area**
- **10 EMA**: A faster-moving average plotted as a green line.
- **16 EMA**: A slower-moving average plotted as a red line.
- **Colored Area**:
- When the 10 EMA is above the 16 EMA, the area between the two EMAs is filled with a **green** shade.
- When the 10 EMA is below the 16 EMA, the area is filled with a **red** shade.

---

#### **2. VWAP (Volume-Weighted Average Price)**
- The VWAP line is dynamic and changes color based on the following volume condition:
- **Black**: When the current candle's volume is at least twice the previous candle's volume.
- **Red**: For all other cases.

---

#### **3. CPR (Central Pivot Range)**
- This indicator plots the current day’s **CPR levels** using the day’s high, low, and close:
- **Pivot**: The central pivot is marked with a blue line.
- **Bottom Central (BC)** and **Top Central (TC)**: These are plotted as orange lines.

---

#### **4. Signal Boxes**
- **Green Box Below Candle**: Indicates a bullish condition where:
- The candle’s **open** is below the VWAP.
- The candle’s **close** is above both the VWAP and the 10 EMA.
- **Red Box Above Candle**: Indicates a bearish condition where:
- The candle’s **open** is above the VWAP.
- The candle’s **close** is below both the VWAP and the 10 EMA.
- The candle is a **red candle** (close is below open).

---

### Use Case:
This indicator is useful for:
1. Identifying momentum shifts using EMAs and VWAP.
2. Observing key levels with CPR (helpful in determining potential reversals or continuation zones).
3. Highlighting important bullish and bearish candles through visual signals.

---

Let me know if you'd like any additional details or modifications!