Duyck

Double Vwap - JD

This indicator (The "Volume-Volatility weighted Average Price" or "Double Vwap") gives an alternative to the well known standard VWAP line with some special sauce .


The standard VWAP sometimes lags on big price moves, when there's not much volume "underneath them".

This indicator tries to combat that by adding the option to weigh in large price moves in the calculation, even without large volume ,
and can give you faster targets after big "pumps" and "dumps".


Enjoy!
JD .

#nottradingadvice
#DYOR
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Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
A little tip is always nice!
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http://paypal.me/jorisduyck

Comments

I would use this version over the standard Vwap, great job.
Reply
Duyck alexgrover
@alexgrover, thanx Alex, means a lot from a wizard like you! ;-)
Reply
Hi , it is showing only one Vwap line plz help ... sir
Reply
Duyck VIVEK009
@VIVEK009, Hi, for he chart I added the indicator 2 times.

One time to show the normal vwap, and one time to show it with the volatility weighting added,µ
so you an see the difference.

So if you want both lines to show you can either add the indicator 2 times or you can quite easily add a second plot in the script.

Gr, JD.
+1 Reply
Great chart.thanks
Reply
Duyck Susanferguson
Reply
Excellent Analysis And very well explained..interesting things
Reply
Duyck MattFrederick
@MattFrederick, Thanks for the feedback.

Gr, JD.
Reply
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