Byzantium VWAP
Multi-functional, multi-timeframe VWAP with standard deviation bands which also work on multiple timeframes and many options to customize.
Its standard setting is the session (daily) VWAP with 1% deviation bands.
Deviation bands percentage can be changed in the settings.
There are symbols that pop up when the price closes (on current timeframe) outside of the maximum deviation bands. These symbols can be turned off.
There's also an option to add a weekly and monthly VWAP on the chart.
If you switch the main VWAP (session VWAP) to a different timeframe you have to type "W" or "M" in the "Timeframe" box.
The bands will automatically adapt.
If you do this, make sure you don't have the extra weekly or monthly VWAP turned on because they might overlap.
It'll be clear when you play around with the settings.
This indicator is clearly best suited for lower timeframe scalping as is always the case with VWAPs.
But because of the functionality it can also be useful for higher timeframe trading.
For access, send me a personal message so we can discuss.
(don't use the comment section to ask for access)
Its standard setting is the session (daily) VWAP with 1% deviation bands.
Deviation bands percentage can be changed in the settings.
There are symbols that pop up when the price closes (on current timeframe) outside of the maximum deviation bands. These symbols can be turned off.
There's also an option to add a weekly and monthly VWAP on the chart.
If you switch the main VWAP (session VWAP) to a different timeframe you have to type "W" or "M" in the "Timeframe" box.
The bands will automatically adapt.
If you do this, make sure you don't have the extra weekly or monthly VWAP turned on because they might overlap.
It'll be clear when you play around with the settings.
This indicator is clearly best suited for lower timeframe scalping as is always the case with VWAPs.
But because of the functionality it can also be useful for higher timeframe trading.
For access, send me a personal message so we can discuss.
(don't use the comment section to ask for access)
Versionshinweise:
Corrected a typo.
Versionshinweise:
Changed titles of the settings.
FYI: the standard setting is a daily VWAP + bands (in the settings you'll see "D" being the default timeframe).
It's possible to plot any timeframe.
Just type "W" for example and it'll plot the weekly VWAP.
For hourly VWAPs just type "240" for example and it'll plot the 4H VWAP.
FYI: the standard setting is a daily VWAP + bands (in the settings you'll see "D" being the default timeframe).
It's possible to plot any timeframe.
Just type "W" for example and it'll plot the weekly VWAP.
For hourly VWAPs just type "240" for example and it'll plot the 4H VWAP.
Versionshinweise:
A whole bunch of improvements.
User friendliness increased.
Added bar coloring based on overbought/oversold levels.
Green = bullish bias (above mean)
Red = bearish bias (below mean)
Blue = high above furthest band
Orange = low below furthest band
Added extra yearly VWAP.
Added previous close levels for the extra weekly, monthly and yearly VWAPs.
User friendliness increased.
Added bar coloring based on overbought/oversold levels.
Green = bullish bias (above mean)
Red = bearish bias (below mean)
Blue = high above furthest band
Orange = low below furthest band
Added extra yearly VWAP.
Added previous close levels for the extra weekly, monthly and yearly VWAPs.
Versionshinweise:
Typos :)
Versionshinweise:
Ugh, discovered 2 more small mistakes which plotted the extra VWAPs wrong.
It's fixed! Should be 100% finished now.
It's fixed! Should be 100% finished now.
Versionshinweise:
Updated bar coloring so that the colors make more sense.
Versionshinweise:
Added the option to switch to using a VWMA as a baseline instead of the VWAP.
Bands, bar coloring and symbols will automatically adapt to the "type" setting.
Bands, bar coloring and symbols will automatically adapt to the "type" setting.