This overlay indicator marks call and put setups from EMAs, RSI, MACD, and a SPY volume ratio. A call needs higher highs, RSI above its minimum, rising MACD, above-average proxy volume, and a rising trend EMA; a put reverses those tests. Early markers use an E
Indicator · Pine Script v5 · On the chart
Custom AAVWAP
Custom AAVWAP is an indicator that automatically calculates and plots three Anchored Volume Weighted Average Price (AVWAP) series directly on the price chart.
Repaints
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code41
Settings1inputs
LicenceMPL-2.0
Last update3 years ago26 Sep 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
41 lines of Pine Script v5 from Pine-Source-Code/v1-source.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © ak2k2
//@version=5
indicator("Custom_AAVWAP", overlay=true,max_labels_count = 500,max_lines_count = 500, max_bars_back = 2000)
lb = input.int(100,"Lookback (# of Periods)",1, 1000,1)
len = lb
src = hlc3
hi = ta.highest(src,len)
hiOffset = - ta.highestbars(src,len)
lo = ta.lowest(src,len)
loOffset = - ta.lowestbars(src,len)
src_vol = volume
hv = ta.highest(src_vol, len)
hvOffset = -ta.highestbars(src_vol, len)
f_avwap(src, date, plotcolor) =>
float[] array_sumSrc = array.new_float( date,na)
float[] array_sumVol = array.new_float( date,na)
// float[] array_final = array.new_float( date,na)
if date>0 and array.size(array_sumSrc)>0
for i=date-1 to 0
sumSrc = src[i] * volume[i]
sumVol = volume[i]
array.set(array_sumSrc,i,sumSrc + sumSrc[1+i])
array.set(array_sumVol,i,sumVol + sumVol[1+i])
finalVal=array.sum(array_sumSrc) / array.sum(array_sumVol)
if barstate.islast
line.new(bar_index[i+1],finalVal,bar_index[i],finalVal,color=plotcolor)
ath_dt = bar_index-bar_index[hiOffset]
atl_dt = bar_index-bar_index[loOffset]
athv_dt = bar_index-bar_index[hvOffset]
fh=f_avwap(src, ath_dt, color.red)
fl = f_avwap(src,atl_dt, color.green)
fhv = f_avwap(src,athv_dt, color.aqua)
Overview
Custom AAVWAP locates the highest price, lowest price, and highest volume bars within a user-defined lookback period and anchors dynamic VWAP lines to those points. Users can adjust the lookback length setting to change the historical range evaluated for swing points. Because the anchor points and lines are dynamically drawn based on the current lookback window on the last bar, the plots shift as new bars enter the lookback period.
- Automated VWAP anchored to highest high, lowest low, and highest volume
- Customizable lookback period for anchor point identification
- Dynamic line drawings overlayed directly on the price chart
Details
Published by
ak2k2 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lookback (# of Periods) | int | 100 | lb |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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