OPEN-SOURCE SCRIPT
Koalafied RVWAP
This indicator shows both the Rolling VWAP and Standard Deviations as set by the user. The Rolling VWAP calculation is similar to the standard VWAP although it calculates the volume weighted average price over the specified period of time (lookback), resetting for each subsequent bar.
The unique aspect of this indicator is that instead of calculating the RVWAP over the current timeframes lookback period, the option is available to select a High-Time-Frame setting instead.
This has two different methods of calculation
1 - Based on HTF security requests (both repainting and non-repainting)
2 - Automatic calculation of number of current timeframe bars that make up the HTF lookback period (smoother and non-repainting plot)
Additionally a smooth function is included for the HTF input setting.
The unique aspect of this indicator is that instead of calculating the RVWAP over the current timeframes lookback period, the option is available to select a High-Time-Frame setting instead.
This has two different methods of calculation
1 - Based on HTF security requests (both repainting and non-repainting)
2 - Automatic calculation of number of current timeframe bars that make up the HTF lookback period (smoother and non-repainting plot)
Additionally a smooth function is included for the HTF input setting.
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.