McGinley Dynamic VWAP/MVWAP [NeoButane] — Indicator by NeoButane

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movingaverage volumestudies vwap mcginley mvwap log macrossover

The main concept for creating this was to completely remove the whipsaw nature of VWAP by introducing lag.

References:

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Can these sliders work on any tf?
Thank.

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great work with mvwap, thanks for sharing

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blackcat1402

@blackcat1402, how to make mvwap in trading view pls guide

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circles signal in long, crosses in short? Do I understand correctly?

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Alex_Xlam

Sometimes. I haven't really looked into this one as much after reading about why McGinley Dynamic lags so much going up. If you want to have a read: https://c.mql5.com/forextsd/forum/66/mcguinley.pdf

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NeoButane

@NeoButane, Thank!)

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