TwapvVwap
- Indicatori
- Dmitrii Skandalov
- Versione: 1.0
TWAP/VWAP Indicator - a professional technical analysis tool that displays two important moving averages on the chart:
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TWAP (Time Weighted Average Price) - calculated as a simple arithmetic average of closing prices over the specified period.
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VWAP (Volume Weighted Average Price) - calculated using the typical price (high+low+close)/3 weighted by trading volume.
Key Features:
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Dual indicator in one window
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Adjustable calculation period
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Clear visualization (blue line - TWAP, red line - VWAP)
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Efficient calculation algorithm with minimal system load
Parameters:
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PeriodBars (50) - number of bars for calculating averages
Applications:
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Determining average market price over a period
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Identifying support/resistance levels
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Analyzing supply/demand balance
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Confirming trend movements
