This is a tool that is best utilized on timeframes under 30 minutes.
Besides the MVWAP, the horizontal levels provide support/resistance and shows a 'magnet' to where price might go again.
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Prototype with entirely new formula. What's different is the initial calculations of VWAP before it's used in final calculation.
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- Re-added volume concentration zones, utilizes different method to find zones
- Revamped MVWAP formula to include a modified McGinley for the EMA to weigh a little heavier when going down but still be able to handle pumps
- Added new lines based on 1% liquidation prices that should reset every 3 days, with price being an average of highs/lows and part of VFAP itself. The biggest worry was repainting after seeing how it moves to so close to price when it resets, but it doesn't look like it's repainting heavily and bar replay shows heavy changes only after big moves. I still won't be including it in the final release because it's way too convoluted + takes too long to test + niche
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- Dynamic weighting based on running volume to capture both periods of low and high volatility accurately
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New smoothing method used with a toggle for a regular MVWAP
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- Added toggle for color change. - Minor changes to formula. 15/D/Smooth, 10/720/Smooth, or 15/D/No Smooth are the current preferred settings
Would love to grant access and pay for it later if it works. Thanks.
imanujaku
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Would love to try this out.
Algo_Killer
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Could I please have access to this script?
primetrade_nnd
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Thanks. How can i try? Выглядит интересно, могу я попробовать?
unfoldingdawn
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Would you mind granting me access to the script?
timelessbeing
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Hey dude, love you work. Especially you MA ribbons (what a treat). Was wondering what the process is to access this MVWAP script. Much appreciation for you work. Many thanks