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Duyck
May 28, 2020 9:50 PM

Double Vwap - JD 

Bitcoin / TetherUSBinance

Description

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
Comments
alexgrover
I would use this version over the standard Vwap, great job.
Duyck
@alexgrover, thanx Alex, means a lot from a wizard like you! ;-)
ICFX
Impressive. Better than regular MAs. Big thank you!
Duyck
@ICFX, Thanks for the support, I like it a lot too!
Gr, JD.
binahtrading
Very nice !!
Duyck
@binahtrading, thank you!
Gr, JD.
VIVEK009
Hi , it is showing only one Vwap line plz help ... sir
Duyck
@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.
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