TheTradingParrot

TTP VWAP Band

This indicator offers 20 VWAP bands and on-chart statistic data about the bands.

Features
- Longs and shorts
- Cherry-pick up to 5 bands for backtesting
- Plots 20 bands
- Step scale to increase deviation percentage on each band
- Period and timeframe selectors
- Band crosses: how many times a band was crossed (also percentage)
- Band bounces: how many times each band was pinched and bounced back (also percentage)

How to use:
1) Set the chart to 15 or 5 minute timeframe for higher backtesting accuracy
2) Select the first band deviation % (MIN Long VWAP % and MIN Short VWAP %), use a small number like 0.3 or 1.0 since the rest of the 20 bands will increase that amount later.
3) Select a step scale or leave it in 1 if you prefer same distance between all bands. Notice that if you use a value below 1 the bands will get closer to each other.
4) Observe the statistics and pay attention to how many times each of the bands are being crossed in percentage. This will later help you make decisions on when to enter and where to potentially put an SL.

Connect with your preferred backtester:
You can backtest a single or multiple bands at once. For example you could use the 7th band to enter a base order and later use crosses of the 4th band to enter safety orders. Any combination is possible!

Let's assume you decide that you will be backtesting only 1 band at the time as your single entry condition for your backtester.
Let's also assume that you want to use the 2nd band for long entries then do follow these steps:
- Set "Band 1 backtesting" to 2 so that it prints 1 every time the price crosses below the 2nd band.
- Leave the other Band backtesting band settings with a 0 so they stay disabled
- Add your backtester to the same chart and select "band 1 long signal"
- This signal will contain 1 every time your conditions are met

版本注释:
This script now becomes the actual VIP version.
Added min and max percent.
版本注释:
Big update 🦜❤️
- Alternative source: if you like VWAP but you still want to use an alternative indicator now you can plug and play an external one. Try QFL 🤯 and different types of MAs and see how the price moves above and below and still automate dynamic selection of the bands accordingly. A generalisation of the script is finally available.
- Backtest mode selector. Explicitly chose between backtesting cherry picked bands or using percentage.
- Hide inactive bands: look back in time and find how new bands are being added in percent backtest mode. Explore how the price action adds new active bands in real time!
- New table with to visualise stats in a more organised way. The table shows the stats of either longs or short bands depending which ones you have currently selected.

Join our membership to gain access to the private scripts.
www.thetradingparrot.com
仅限邀请脚本

仅限作者授权的用户访问此脚本,并且通常需要付费。您可以将其添加到收藏中,但是只有在向作者请求并获得许可之后,才能使用它。 请与TheTradingParrot联系以获取更多信息,或按照以下作者的说明进行操作。

在您100%信任脚本作者并了解脚本的工作原理之前,TradingView不建议您购买脚本并使用它。在很多情况下,您可以在我们的公共指标库中免费找到一个不错的开源替代品。

免责声明

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作者的说明

This indicator is available to all Observer and higher tiers thetradingparrot.com

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警告:请阅读,然后再请求访问权限。