TwapvVwap

TWAP/VWAP Indicator - a professional technical analysis tool that displays two important moving averages on the chart:

  1. TWAP (Time Weighted Average Price) - calculated as a simple arithmetic average of closing prices over the specified period.

  2. VWAP (Volume Weighted Average Price) - calculated using the typical price (high+low+close)/3 weighted by trading volume.

Key Features:

  • Dual indicator in one window

  • Adjustable calculation period

  • Clear visualization (blue line - TWAP, red line - VWAP)

  • Efficient calculation algorithm with minimal system load

Parameters:

  • PeriodBars (50) - number of bars for calculating averages

Applications:

  • Determining average market price over a period

  • Identifying support/resistance levels

  • Analyzing supply/demand balance

  • Confirming trend movements


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