VScore Bands (Daily & Intraday)
Are you ready to elevate your trading strategy to new heights? Introducing the TTI Simpler Vscore Bands Intraday Script - a revolutionary tool that brings the power of volume-weighted average price (VWAP) analysis right to your fingertips!
This cutting-edge script, inspired by the renowned expertise of Raghee Horner from Simpler Trading, is designed to provide traders with a comprehensive, real-time view of market trends and price movements. It's not just about tracking the market; it's about staying ahead of it!
With the TTI Simpler Vscore Bands Intraday Script, you'll be able to identify potential trading opportunities with precision and confidence. The script calculates and plots the VWAP and its standard deviations, providing a clear, visual representation of market conditions. Whether prices are trading above or below the VWAP, you'll have the insights you need to make informed trading decisions.
📜 ––––HISTORY & CREDITS––––
This script, titled "TTI Simpler Vscore Bands Intraday", is a powerful tool for traders seeking to leverage the power of volume-weighted average price (VWAP) in their trading strategy. The script is based on the work of Raghee Horner from Simpler Trading, a renowned figure in the trading community known for her expertise in technical analysis and charting strategies. All credit for the underlying methodology and concept goes to Raghee Horner.
🎯 ––––WHAT IT DOES––––
The script calculates and plots the VWAP and its standard deviations on your chart. It uses the intraday timeframe and an anchor time (EST) as inputs. The VWAP is a trading benchmark used by traders that gives the average price a security has traded at throughout the day, based on both volume and price.
The script plots the following lines:
👉 VWAP: This is the volume-weighted average price line, plotted in white.
👉 PlusOne and MinusOne: These lines represent one standard deviation above and below the VWAP, plotted in gray.
👉 PlusTwo and MinusTwo: These lines represent two standard deviations above and below the VWAP, with PlusTwo in red and MinusTwo in green.
👉 PlusThree and MinusThree: These lines represent three standard deviations above and below the VWAP, with PlusThree in red and MinusThree in green.
🛠️ ––––HOW TO USE IT––––
To use this script, simply add it to your TradingView chart. You can adjust the anchor time (EST) as per your preference. The script will automatically calculate the VWAP and its standard deviations and plot them on the chart.
These lines can be used to identify potential trading opportunities. For instance, prices trading significantly above the VWAP (above PlusTwo or PlusThree) might be seen as overbought, while prices trading significantly below the VWAP (below MinusTwo or MinusThree) might be seen as oversold.
After you have purchased the indicator have to send us your TradingView username in order to get access.
ThinkorSwim (available, but separate):
Please send us an email and if you would like a ThinkorSwim version of this script. ThinkorSwim version is sold separetly from the TradingView version of the script and takes 5 days of delivery.
Link to TradingView script
After payment is made, access to the script will be given within 2 hours
If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.