Vwap Pvwap Intraday Trend - NiftyKishore — Indicator by CrazyKishore74

vwap pivotpoints relativestrengthindex nifty banknifty india best stocks intraday

Hello Traders !!

This is a simple trend identification script which is based on the current vwap (Cvwap) and previous vwap (Pvwap).

Pvwap in the sense; previous day vwap closing value.

Bullish: price is closing above the current day vwap and previous day vwap(pvwap).
Bearish : Price is closing below the current day vwap and previous day vwap (pvwap).

Made a change to the barcolors as well :)

Bullish
Green Bar: close is above Pvwap and Cvwap.
Blue bar: close is above Pvwap but below Cwap.

Bearish
Red bar: close is below Pvwap and Cvwap.
Purple bar: close is below Pvwap but above Cvwap.

Simple but effective
Cheers !!

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?