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  • Wborsa - Bands

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    Ami Ne
    23 views3 pages
    The document defines a study that plots multiple VWAP bands based on standard deviation levels. It calculates the VWAP and associated standard deviation bands, and allows customizing the number of bands shown as well as bar coloring within the bands.

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    The document defines a study that plots multiple VWAP bands based on standard deviation levels. It calculates the VWAP and associated standard deviation bands, and allows customizing the number of bands shown as well as bar coloring within the bands.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
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    Download as rtf, pdf, or txt
    23 views3 pages

    Wborsa - Bands

    Uploaded by

    Ami Ne
    The document defines a study that plots multiple VWAP bands based on standard deviation levels. It calculates the VWAP and associated standard deviation bands, and allows customizing the number of bands shown as well as bar coloring within the bands.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    of 3

    study("VWAP Stdev Bands", overlay=true)

    devUp1 = input(1.28, title="Stdev above (1)")


    devDn1 = input(1.28, title="Stdev below (1)")

    devUp2 = input(2.01, title="Stdev above (2)")


    devDn2 = input(2.01, title="Stdev below (2)")

    devUp3 = input(2.51, title="Stdev above (3)")


    devDn3 = input(2.51, title="Stdev below (3)")

    devUp4 = input(3.09, title="Stdev above (4)")


    devDn4 = input(3.09, title="Stdev below (4)")

    devUp5 = input(4.01, title="Stdev above (5)")


    devDn5 = input(4.01, title="Stdev below (5)")
    showBcol = input(true, title="Turn Barcolor ON/OFF?")
    showDv2 = input(true, type=bool, title="Show second group of bands?")
    showDv3 = input(true, type=bool, title="Show third group of bands?")
    showDv4 = input(false, type=bool, title="Show fourth group of bands?")
    showDv5 = input(false, type=bool, title="Show fifth group of bands?")

    showPrevVWAP = input(false, type=bool, title="Show previous VWAP close")


    ColorSrc=input(close)
    price=ColorSrc
    start = security(tickerid, "D", time)

    newSession = iff(change(start), 1, 0)

    vwapsum = iff(newSession, hl2*volume, vwapsum[1]+hl2*volume)


    volumesum = iff(newSession, volume, volumesum[1]+volume)
    v2sum = iff(newSession, volume*hl2*hl2, v2sum[1]+volume*hl2*hl2)
    myvwap = vwapsum/volumesum
    dev = sqrt(max(v2sum/volumesum - myvwap*myvwap, 0))

    A=plot(myvwap,style=circles, title="VWAP", color=white)


    U1=plot(myvwap + devUp1 * dev,style=circles, title="VWAP Upper", color=gray)
    D1=plot(myvwap - devDn1 * dev, style=circles, title="VWAP Lower", color=gray)

    myvwapu1= myvwap + devUp1 * dev


    myvwapd1= myvwap - devDn1 * dev

    U2=plot(showDv2 ? myvwap + devUp2 * dev : na, color=red, title="VWAP Upper (2)")


    D2=plot(showDv2 ? myvwap - devDn2 * dev : na, color=green, title="VWAP Lower (2)")

    myvwapu2= myvwap + devUp2 * dev


    myvwapu3= myvwap + devUp3 * dev
    myvwapd2= myvwap - devDn2 * dev
    myvwapd3= myvwap - devDn3 * dev

    U3=plot(showDv3 ? myvwap + devUp3 * dev : na, title="VWAP Upper (3)", color=red)


    D3=plot(showDv3 ? myvwap - devDn3 * dev : na, title="VWAP Lower (3)", color=green)

    myvwapu4= myvwap + devDn4 * dev


    myvwapd4= myvwap - devDn4 * dev

    U4=plot(showDv4 ? myvwap + devUp4 * dev : na, title="VWAP Upper (4)", color=red)


    D4=plot(showDv4 ? myvwap - devDn4 * dev : na, title="VWAP Lower (4)", color=green)

    U5=plot(showDv5 ? myvwap + devUp5 * dev : na, title="VWAP Upper (5)", color=red)


    D5=plot(showDv5 ? myvwap - devDn5 * dev : na, title="VWAP Lower (5)", color=green)

    prevwap = iff(newSession, myvwap[1], prevwap[1])

    plot(showPrevVWAP ? prevwap : na, style=circles, color=close > prevwap ? green : red)

    ColorMiddleU = price > myvwap and price < myvwapu2 ? white:na


    ColorMiddleD = price > myvwapd1 and price < myvwap ? black:na

    ColorDv1d = price > myvwapd2 and price < myvwapd1 ? gray:na


    ColorDv1u = price > myvwapu1 and price < myvwapu2 ? gray:na

    ColorDv2d = price > myvwapd3 and price < myvwapd2 ? green:na


    ColorDv2u = price > myvwapu2 and price < myvwapu3 ? maroon:na

    ColorDv3d = price > myvwapd4 and price < myvwapd3 ? lime:na


    ColorDv3u = price > myvwapu3 and price < myvwapu4 ? red:na

    barcolor(showBcol?ColorMiddleD:na, title="BarColor vwap-1 Lower")


    barcolor(showBcol?ColorMiddleU:na, title="BarColorColor vwap-1 upper")
    barcolor(showBcol?ColorDv1d:na, title="BarColor 1-2 Lower")
    barcolor(showBcol?ColorDv1u:na, title="BarColorColor 1-2 upper")
    barcolor(showBcol?ColorDv2d:na, title="BarColor 2-3 Lower")
    barcolor(showBcol?ColorDv2u:na, title="BarColorColor 2-3 upper")
    barcolor(showBcol?ColorDv3d:na, title="BarColor 3-4 Lower")
    barcolor(showBcol?ColorDv3u:na, title="BarColorColor 3-4 upper")

    fill(U1, U2, color=red, transp=90, title="Over Bought Fill 1")


    fill(D1, D2, color=green, transp=90, title="Over Sold Fill 1")
    fill(U2, U3, color=red, transp=90, title="Over Bought Fill 2")
    fill(D2, D3, color=green, transp=90, title="Over Sold Fill 2")
    fill(U3, U4, color=red, transp=90, title="Over Bought Fill 3")
    fill(D3, D4, color=green, transp=90, title="Over Sold Fill 3")
    fill(U4, U5, color=red, transp=90, title="Over Bought Fill 4")
    fill(D4, D5, color=green, transp=90, title="Over Sold Fill 4")
    fill(A, U1, color=gray, transp=90, title="Middle Fill Up")
    fill(A, D1, color=gray, transp=90, title="Middle Fill Down")

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