NeoButane

McGinley Dynamic VWAP/MVWAP [NeoButane]

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

References:
https://www.investopedia.com/articles/fo...
https://www.investopedia.com/terms/m/mcg...
https://www.investopedia.com/articles/tr...
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.

Want to use this script on a chart?
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.
+4 Reply
great work with mvwap, thanks for sharing
Reply
rohithtrade blackcat1402
@blackcat1402, how to make mvwap in trading view pls guide
+1 Reply
circles signal in long, crosses in short? Do I understand correctly?
Reply
NeoButane 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
Reply
Alex_Xlam NeoButane
@NeoButane, Thank!)
+1 Reply