CaperAsh

MA Vwap

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This is a simple script which provides a moving average of the vwap . Helpful for longer term charts, esp             . daily. Often identifies key s/r levels that are not always obvious using swing high/low levels. Can be somewhat helpful in first hour or so on intraday charts after a strong/gap open to anticipate where it might correct to, but once the length of the average (say 21 bars) has been filled in over time, then the intraday MA will be almost identical to the vwap itself and thus no longer helpful.
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study("Mvwap")
avlength = input(21), plotcol= fuchsia,
av = sma(vwap,avlength)
overlay = true,
plot(av,color= plotcol)
CaperAsh
8 months ago
PS in the attached chart, it is the thin fuchsia line. There are some other indicators up there such as 89 MA with envelope (used in 3 min trading chart timeframe) and Ichi Clouds which are an excellent S/R trend indicator. Note how the break above and then pullback in mid February were around the MA Vwap line, but nowhere special in terms of swing high/low levels.

(The 115.10 level is a grand sell signal I made 2 summer ago in a conversation with a friend saying to sell the market the last week in August. It didn't go as planned (major decline), but interestingly didn't lose either. I still expect a big decline at some point (50%), possibly just before or after this election which, no matter who wins, will probably presage the most chaotic period in US for many decades along with a financial wipe-out which will make 2008 look like a picnic. Both Trump and Clinton are Wall St / Big Govt inside players, one working mainly in public sector (Clinton) the other mainly in private (Trump) but both swim in both pools. Well, we'll see.....
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