PROTECTED SOURCE SCRIPT

ZFelds' OrderFlow VWAP Bandos

已更新

VWAP with 3 standard deviations, based on the "Orderflow VWAP from NinjaTrader.

When Price is ABOVE VWAP = VWAP turns GREEN
When Price is BELOW VWAP = VWAP turns RED

The Standard Deviation Bands are considered "echoes" of the VWAP with different multipliers, acting as support/resistance and areas of interest.

Big thanks to CryptoMF and barnz from The Cave for the assistance with this indicator.

版本注释

Updated Example Chart and Title

版本注释

Plots were duplicated when showing labels on the price axis. This has now been fixed.

版本注释

Added ability to view "Previous VWAP Close", and added label to read as such on axis.

版本注释

Updated Colors based on Standard Deviations, Deviation Labels/Percentages, and fixed "Previous VWAP Close" Plot.

Green = 1σ = 34.1%
Yellow = 2σ = 13.6%
Red = 3σ = 2.1%

版本注释

Changed Setting Labels for Standard Deviations.

版本注释

Added percentages to the labels in regards to the standard deviations:

Around 68% of Price Action will be contained between 1σ and -1σ
Around 95% of Price Action will be contained between 2σ and -2σ
Around 99% fall between 3σ and -3σ

版本注释

Changed default indicator timeframe to Daily "D" for intra-day scalping/trading.

For CHART timeframes H1 and below, the INDICATOR functions best on the Daily "D" Timeframe.

For CHART timeframes H1 and above, the INDICATOR functions best on the Weekly "W" Timeframe.

For CHART timeframes 1D-3D, Indicator functions best on the Monthly "M" Timeframe.

Indicator timeframes can be set to any variation such as 2D, 3D 3M, etc.

版本注释

Changed VWAP Width

版本注释

Made "Prev VWAP Close" line width smaller.

版本注释

Edited Previous VWap Close Settings

版本注释