by 
This indicator calculates Kaufman's Adaptive Moving Average (KAMA) on a chosen price source and determines trend direction based on the slope across a configurable lookback window. Signals can be filtered by short-term volatility expansion using ATR comparison
Indicator · Pine Script v5 · On the chart
VWAP and VWMA
This indicator plots either a Volume Weighted Average Price (VWAP) or a Volume Weighted Moving Average (VWMA) directly on the price chart, coloring the line based on whether the close is above or below it.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code43
Settings2inputs
LicenceNone stated
Last update2 years ago13 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
VWAP and VWMA generates trading signals by combining the trend filter with 4-bar swing highs or lows and candlestick engulfing patterns detected via an imported library. Users can toggle between VWAP and VWMA modes and set the VWMA calculation length. Triangle shapes highlight signals on the chart, supported by alert conditions.
- Selectable VWAP or VWMA trend baseline
- Engulfing candlestick pattern detection
- Four-bar swing high and swing low filter
- Color-coded moving average line
- Directional triangle signal plots and alerts
Details
Published by
Web3Degenerate on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Candlestick patterns, Volume, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| VWAP Type | string | VWAP | vwapType |
| VWMA Length | int | 20 | vwmaLength |
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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