Dynamic Trend & Levels by VikOpine

This indicator combines the best aspects of trend-following, volume and price action to help traders make informed decisions and can be used with other indicators for confluence. 🚀


Key Features and Concepts:

Volume-Weighted Moving Average (VWMA):

Unlike a simple moving average, the VWMA gives more weight to price action with higher volume, helping traders identify strong trends backed by significant market participation.

It helps distinguish between low-volume price fluctuations and meaningful market moves.

Volume-Weighted Average Price (VWAP):

Used by institutional traders, VWAP serves as a benchmark to gauge whether the current price is overbought or oversold relative to the average price weighted by volume.

The indicator tracks VWAP levels dynamically, offering insights into price reversion opportunities and breakout confirmations.

Fibonacci Levels (Dynamic Support & Resistance):

The script dynamically plots Fibonacci retracement and extension levels based on recent price swings, allowing traders to identify potential reversal and continuation zones. These levels change colors individually based on them becoming support or resistance.

Fibonacci levels help in setting stop-loss levels and profit targets based on natural market cycles.

Ichimoku Cloud (Trend Confirmation & Market Sentiment):

Provides a multi-dimensional view of trend strength, momentum, and potential reversals.

The Kumo (cloud) helps traders identify support and resistance zones, while the Tenkan-Sen and Kijun-Sen lines confirm trend direction. I prefer to remove the lines and only keep the clouds to anticipate upcoming trend.

How the Indicator Works:

The script dynamically calculates and overlays VWMA and VWAP to give a clear view of volume-backed trends.

Fibonacci levels are recalculated based on recent swing highs and lows, ensuring they remain relevant to current price action. This feature avoids to re-draw Fibs manually.

The Ichimoku Cloud adjusts in real-time to provide trend and momentum signals.

The session volume profile updates dynamically to highlight high-liquidity zones and potential breakout areas.

Alerts can be set up in Tradingview allowing traders to know the price action in real time.


How to Use This Indicator in Trading:

Trend Confirmation: Use VWMA, VWAP, and the Ichimoku Cloud to determine the prevailing trend and avoid trading against market momentum. Go with the trend.

Reversals: Look at the dynamic Fibonacci levels to find key support and resistance areas where price may reverse or consolidate. These levels change color as they become support or resistance.

Breakout & Continuation Trading: Monitor VWAP deviations and Ichimoku signals to identify strong trend continuation setups.

Mean Reversion: Use VWAP re-tests to spot potential pullback entries in established trends.

Alerts: Customize alerts to stay ahead of market moves.

Take advantage of paper trading feature available in Tradingview to familiarize yourself with this indicator. Experience is the best teacher as in any other case.


Ideal for:

✅ Traders looking to capitalize on VWAP trend and level.
✅ Traders utilizing Fibonacci levels and Ichimoku trends for structured trades.
✅ Scalpers leveraging levels and trends for quick entries/exits.
✅ Traders who rely on volume-backed trend confirmations.

No indicator is perfect so take everything with a pinch of salt.

Drop a comment below with your feedback or if you have any question.