VWMA : 20 50 200
Plots 20, 50 and 200 tick Volume Weighted MA and Simple MA.
The Volume Weighted MA tends to move before the SMA. I am seeing significant price movements on crypto charts near 50 VWMA crosses. As well, the 20-50 VWMA crosses. When the thicker lines ( VWMA ) are above or below the same color SMA, this divergence can also signal changes in trends.
This is my first script and likely be updated. Feedback is welcome.
The Volume Weighted MA tends to move before the SMA. I am seeing significant price movements on crypto charts near 50 VWMA crosses. As well, the 20-50 VWMA crosses. When the thicker lines ( VWMA ) are above or below the same color SMA, this divergence can also signal changes in trends.
This is my first script and likely be updated. Feedback is welcome.
Release Notes:
This update shades the areas between the relative VWMA and SMA. When the related averages cross, or the expansion / contraction can be good indicators of changing trends.
Release Notes:
Trying to add new features, I worked on using the built in vwap variable to create a 20 tick ma for it- purple line.
Script was rewritten in places but charting is same.
Script was rewritten in places but charting is same.