kingzboleto wrote: Wed Jan 29, 2020 11:48 am
hi everyone hope all of u fine and having nice and green days with trading
mr tools and all the staff cold someone make VWAP indicator with bands
i know the reply its gone be there is vwap bands but sorry that its just BBands
vwap bands dont change when you change the time frame its still in the same place and levels vwap its nots MA OR EMA
its here in the pics the true VWAP and how it work so cold you please mrtools make something like that for use in mt4 with bands
and that how its in tradingview im talking about bands dear
study("VWAP Stdev Bands v2", overlay=true)
devUp1 = input(2, title="Stdev above (1)")
devDn1 = input(2, title="Stdev below (1)")
devUp2 = input(1.28, title="Stdev above (2)")
devDn2 = input(1.28, title="Stdev below (2)")
devUp3 = input(3.09, title="Stdev above (3)")
devDn3 = input(3.09, title="Stdev below (3)")
showDv2 = input(false, type=bool, title="Show second group of bands?")
showDv3 = input(false, type=bool, title="Show third group of bands?")
showPrevVWAP = input(false, type=bool, title="Show previous VWAP close")
start = security(tickerid, "D", time)
newSession = iff(change(start), 1, 0)
vwapsum = iff(newSession, hl2*volume, vwapsum[1]+hl2*volume)
volumesum = iff(newSession, volume, volumesum[1]+volume)
v2sum = iff(newSession, volume*hl2*hl2, v2sum[1]+volume*hl2*hl2)
myvwap = vwapsum/volumesum
dev = sqrt(max(v2sum/volumesum - myvwap*myvwap, 0))
plot(myvwap, title="VWAP", color=green)
plot(myvwap + devUp1 * dev, title="VWAP Upper", color=red)
plot(myvwap - devDn1 * dev, title="VWAP Lower", color=red)
plot(showDv2 ? myvwap + devUp2 * dev : na, title="VWAP Upper (2)")
plot(showDv2 ? myvwap - devDn2 * dev : na, title="VWAP Lower (2)")
plot(showDv3 ? myvwap + devUp3 * dev : na, title="VWAP Upper (3)", color=teal)
plot(showDv3 ? myvwap - devDn3 * dev : na, title="VWAP Lower (3)", color=teal)
prevwap = iff(newSession, myvwap[1], prevwap[1])
plot(showPrevVWAP ? prevwap : na, style=circles, color=close > prevwap ? green : red)