OPEN-SOURCE SCRIPT
Vwap MTF
Explanatory Note: VWAP Multi-Timeframe Script (Dedicated to Intraday Trading)
Description:
This Pine script has been specifically designed for intraday traders to display the VWAP (Volume Weighted Average Price) from four different timeframes (15 minutes, 1 hour, 4 hours, and daily) on a single TradingView chart. The VWAP is calculated by considering the volume-weighted average price over a specified period, providing a perspective on the market's average value. This script streamlines your analysis by avoiding the need to navigate through multiple timeframes to identify the trend.
Usage Instructions:
Apply the script to your TradingView chart.
The script will showcase the average VWAP for 15 minutes, 1 hour, 4 hours, and daily on the current chart.
The color of the VWAP indicates the direction: blue if the VWAP is higher than the previous period, red otherwise.
Parameters:
VWAP Period Length (length): The length of the period used for VWAP calculation. By default, the length is set to 30 bars.
Explanation of VWAP: "This VWAP will be more precise for your analysis and closer to price/volume."
VWAP is a crucial indicator for intraday traders, taking into account transaction volume. It provides a volume-weighted average price over a specified period, assisting traders in evaluating the average value at which an asset has been traded throughout the day. "It can be wise for the self-directed investor to use VWAP in combination with moving averages or other technical indicators to confirm buy and sell signals."
You have the option to change the colors.
Description:
This Pine script has been specifically designed for intraday traders to display the VWAP (Volume Weighted Average Price) from four different timeframes (15 minutes, 1 hour, 4 hours, and daily) on a single TradingView chart. The VWAP is calculated by considering the volume-weighted average price over a specified period, providing a perspective on the market's average value. This script streamlines your analysis by avoiding the need to navigate through multiple timeframes to identify the trend.
Usage Instructions:
Apply the script to your TradingView chart.
The script will showcase the average VWAP for 15 minutes, 1 hour, 4 hours, and daily on the current chart.
The color of the VWAP indicates the direction: blue if the VWAP is higher than the previous period, red otherwise.
Parameters:
VWAP Period Length (length): The length of the period used for VWAP calculation. By default, the length is set to 30 bars.
Explanation of VWAP: "This VWAP will be more precise for your analysis and closer to price/volume."
VWAP is a crucial indicator for intraday traders, taking into account transaction volume. It provides a volume-weighted average price over a specified period, assisting traders in evaluating the average value at which an asset has been traded throughout the day. "It can be wise for the self-directed investor to use VWAP in combination with moving averages or other technical indicators to confirm buy and sell signals."
You have the option to change the colors.
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。
想在图表上使用此脚本？
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。