Fxxtrader
Pine Script Rookie
Pine Script Rookie
Posts: 22
Joined: September 6th, 2020
Location: Toronto
Contact: Twitter TradingView Profile

VWAP Indicator

Hello Traders, anyone know of a good VWAP indicator with standard deviation bands?

Thanks.

Fxxtrader
Pine Script Rookie
Pine Script Rookie
Posts: 22
Joined: September 6th, 2020
Location: Toronto
Contact: Twitter TradingView Profile

Re: VWAP Indicator

Hello - I found 2 Vwap indicator with bands which seem useful.
  • VWAP Stdev Bands v2 Mod, author TheYangGuizi
  • TheVwap - Intraday, author TheVWAP
Now, I need to study and test which standard deviation values are optimal.

The goal is to learn how to edit the code for my customization and expanding to the tool.

Thanks.

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Matthew
Site Admin
Site Admin
Posts: 92
Joined: July 1st, 2020
Location: Australia
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Re: VWAP Indicator

That's great! Good work finding some reference scripts, that's half the battle when it comes to taking on challenges like this in Pine Script.

Unfortunately I'm not very experienced with using VWAP as it's somewhat useless in the forex markets which is my main focus, but good luck with your project and please share your work with us when you finish it :) I'd love to see it!

Fxxtrader
Pine Script Rookie
Pine Script Rookie
Posts: 22
Joined: September 6th, 2020
Location: Toronto
Contact: Twitter TradingView Profile

Re: VWAP Indicator

Hi -
I am still learning how to use the Vwap bands, not seeing yet how to read its insights. Same with your Cumulative Volume Indicator. Through testing, I put these 2 indicators together, saw this, but could not interpret the information for a timely entry - long or short.

Image

What is the correct way to upload an image in a post?

Plan to spend more time studying both together. It's a balancing act between learning to code and backtesting trading strategies.
Take care.

Jade
Moderator
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Posts: 1
Joined: July 6th, 2020
Location: Australia
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Re: VWAP Indicator

Hi Fxxtrader! Sorry I can't comment on your indicators, but you can add images to your posts by using the image tag (as long as the image file ends in .jpg or .png):

Image

If you're adding an image link, you'll need to use the URL tag instead:

Image

I hope that helps! :)

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