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Premium VWAP (Bullish/Bearish Coloring)
VWAP (Bullish/Bearish Coloring) is a Pine Script v6 indicator for TradingView that plots a Volume-Weighted Average Price (VWAP) with customizable anchor periods and optional upper/lower bands. It can apply peak/trough-based coloring to reflect recent swing direction. Optional resets tied to corporate actions help maintain continuity over longer periods. It is commonly used to review dynamic support/resistance behavior across timeframes.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Dynamic VWAP Calculation: Plots VWAP with resets at user-defined anchor periods (Session, Week, Month, Quarter, Year, Decade, Century...
- Peak/Trough Coloring: Optionally colors VWAP and bands based on bullish or bearish market swings.
- Customizable Bands: Offers up to three band pairs with Standard Deviation or Percentage-based offsets.
- Flexible Anchor Options: Supports resets tied to time periods or corporate actions.
- Flexible Anchor Options: Supports resets tied to time periods or corporate actions.
