VWAP Cloud
- Indicadores
- Flavio Javier Jarabeck
- Versão: 1.4
- Atualizado: 6 junho 2020
Do you love VWAP? So you will love the VWAP Cloud. What is it? Is your very well known VWAP indicator plus 3-levels of Standard Deviation plotted on your chart and totally configurable by you. This way you can have real Price Support and Resistance levels. To read more about this just search the web for "VWAP Bands" "VWAP and Standard Deviation".
SETTINGS
- VWAP Timeframe: Hourly, Daily, Weekly or Monthly.
- VWAP calculation Type. The classical calculation is Typical: (H+L+C)/3
- Averaging Period to be used on VWAP Bands calculation.
- Band #1, #2 and #3 Standard Deviation coeficient.
- Volume type tp be used on VWAP calculation: Real Volume or Ticks.
** Please note that this indicator in order to be useful needs calibration. You must calibrate it taking in consideration the chart timeframe you are using, the type pof Symbol being traded and its volatility range, so you can change the Stantandard Deviation parameters accordingly.
Looking for more FREE VWAP-related indicators, here you go:
If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...
This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...
With No Strings Attached! Ever!
Live Long and Prosper!
;)
Hi I've really enjoyed using this. I initially wanted a vwap indicator to help filter out the weaker set-ups that my strategy occasionally presented however, I increasingly find that I use this in place of my previous system. I love the way that it can be used in such a varity of timeframes - hourly, daily, weekly, monthly - and that the deviation lines can be so easily configured. Some vwap indicators present the deviation lines simply as offsets of the vwap line itself, but I love the way that this one builds in a degree of volitility by stretching the distance from the vwap line via formulae which is variable. I use this mainly for mean reversal setups with take profit back to the vwap line but it is also good for identifying trend continuations. I agree that it could be enhanced with an alert system and perhaps better documentation but for a free indicator, this is simply amazing. I still can't work out why this is free! I would say that this is the most reliable indicator I have used, so much so that I have removed everything else from my charts. Great work guys! Thanks very much.