OPEN-SOURCE SCRIPT
Volume Trends (VWMA & VWAP)
Basic indicator for tracking volume trends. Includes blue SMA and pink VWMA (volume-weighted moving average), to help gauge the strength of price movement -- is it supported by volume, or is there divergence. Intraday charts also have VWAP (volume-weighted average price) as dark purple dots.
Here's a couple of good articles explaining how to use them effectively:
tradeciety.com/the-vwma-is-the-ultimate-breakout-tool/
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:vwap_intraday
Here's a couple of good articles explaining how to use them effectively:
tradeciety.com/the-vwma-is-the-ultimate-breakout-tool/
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:vwap_intraday
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.