OPEN-SOURCE SCRIPT
Double Vwap - JD
This indicator (The "Volume-Volatility weighted Average Price" or "Double Vwap") gives an alternative to the well known standard VWAP line with some special sauce.
The standard VWAP sometimes lags on big price moves, when there's not much volume "underneath them".
This indicator tries to combat that by adding the option to weigh in large price moves in the calculation, even without large volume,
and can give you faster targets after big "pumps" and "dumps".
Enjoy!
JD.
#nottradingadvice
#DYOR
The standard VWAP sometimes lags on big price moves, when there's not much volume "underneath them".
This indicator tries to combat that by adding the option to weigh in large price moves in the calculation, even without large volume,
and can give you faster targets after big "pumps" and "dumps".
Enjoy!
JD.
#nottradingadvice
#DYOR
Skript med en öppen källkod
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.
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