- Version: 1.20
- Aktualisiert: 19 Februar 2021
VWAP RSJ is an indicator that plots the Hourly, Daily, Weekly and Monthly VWAP Lines.
Large institutional buyers and mutual funds use the VWAP ratio to help move into or out of stocks with as small of a market impact as possible.
Therefore, when possible, institutions will try to buy below the VWAP, or sell above it.
This way their actions push the price back toward the average, instead of away from it.
Based on this information I developed this indicator that combines 4 types of VWAP Timeframes.
If you like this indicator, please do a little review (not a comment, but a REVIEW!), As this is the only way to recognize my work. Thank you very much.
I like it simple, so this is the best Vwap program I could find here. It does exactly as in what in the description. No clutter or complications like other similar Vwap programs . Thank you for taking the time to program this :)