VScore Plot (Daily & Intraday)
Step into the future of trading with the [TTI] Simpler VWAP VScore Daily Indicator! This groundbreaking tool, inspired by the esteemed Raghee Horner of Simpler Trading, is set to redefine your trading journey.
The [TTI] Simpler VWAP VScore Daily Indicator is more than just a tool; it's your gateway to a world of unparalleled market insights. By calculating and visualizing the Volume Weighted Average Price (VWAP) VScore on a daily basis, this indicator allows you to tap into the pulse of the market, equipping you with the knowledge to make strategic trading decisions.
But the benefits don't stop there! The [TTI] Simpler VWAP VScore Daily Indicator is designed for simplicity and user-friendliness. Whether you're a beginner trader looking to make your mark, or a seasoned trader seeking to optimize your process, this indicator is your perfect companion.
So, are you ready to revolutionize your trading experience? Embrace the [TTI] Simpler VWAP VScore Daily Indicator today and experience the thrill of trading like never before!
–––HISTORY & CREDITS 🏦
The VWAP VScore Daily indicator is inspired by the Simpler VSense used by Raghee Horner and John Carter. It is designed to help traders analyze and understand price behavior in relation to its standard deviation and distance from the Volume Weighted Average Price (VWAP).
🚨🚨🚨This indicator is a bundle with the Simpler VWAP VScore Intraday🚨🚨🚨
––––WHAT IT DOES 💡
The VWAP VScore Daily indicator measures price behavior in terms of its standard deviation and its distance from the VWAP. It helps traders in three key areas:
1. Understand Trend: By looking at whether the price is predominantly above or below the mean, traders can gain context around price action from a specific date and time.
2. Reversion to the Mean: The indicator makes it easy to spot reversions to the mean using the z-score distance between the price and VWAP.
3. Support and Resistance: The indicator visually displays upper and lower standard deviations as support and resistance levels, which are statistically relevant.
––––HOW TO USE IT 🔧
To use the VWAP VScore Daily indicator, follow these steps:
1. Anchor the VScore to a specific date, such as the beginning of the year or one year prior to the current date.
* Analyze stocks, ETFs, and futures on a relative basis using the anchored VScore:
* If the VScore is predominantly above 0, it represents stocks trading above the VWAP, suggesting strength.
* If the VScore is predominantly below 0, it represents stocks trading below the VWAP, suggesting weakness.
* If the VScore is fluctuating between positive and negative levels, it represents stocks with no clear trend, suggesting chop.
2. Combine the VWAP VScore Daily indicator with other indicators, such as Edge Signals or Squeeze Course, to pinpoint exact reversal zones supported by momentum.
By incorporating the VWAP VScore Daily indicator into your trading strategy, you can better understand price behavior in relation to its standard deviation and distance from the VWAP. This insight can help you identify potential buying opportunities and assess the strength or weakness of different securities.
––––TRADE SETUPS 📈
Trade Setup #1: Fades with the VScore
👉Price must hit either the upper or lower DPMR (another indicator) zones.
👉For Futures: the zone is defined as between the cyan entry line and the outer edge of the clouds.
👉For Stocks: the zone is defined as the beginning of the clouds to the outer edge of the clouds.
👉VScore must retest a previous support or resistance level, above or below at least the 2 Standard Deviation levels.
👉Bonus: Oversold or overbought confirmation using the Edge Signals indicator.
🟢Option 1: DPMR (another indicator) zone, ranging from aggressive to conservative entries.
🟢Option 2: VScore Standard Deviation price level for the previous standard deviation.
🟢Option 1: DPMR (another indicator) target line.
🟢Option 2: VScore retest of subsequent standard deviation price values.
Outside of DPMR (another indicator) clouds.
Trade Setup #2: VScore Trend Continuation
🟢Using at least a 30 "bar go-back" period, the clouds must signal a clear trend:
👉If green, focus on bullish setups only.
👉If red, focus on bearish setups only.
🟢Entry trigger, in the direction of the trend (example triggers below):
👉Acceleration Trend Switch via Market Pulse
👉Simple Breakout Tool
🟢Bonus: Oversold or overbought confirmation using the Edge Signals indicator.
🟢Option 1: Closing price of the candle with the entry trigger (e.g., Slingshot Squeeze fires today, and the closing price is the price used for trade entry).
🟢Option 2: If the price is extended, use a pullback zone, such as a previous support on the VScore as the "ideal entry price" (or your favorite moving average / Market Pulse).
🟢Option 1: Wait for the squeeze to fire and exit based on backtester results.
🟢Option 2: VScore retest of previous resistance levels, using specific prices to set exit points.
🟢Option 1: VScore trend reversing into bearish territory.
🟢Option 2: Break of previous support / resistance levels (using both price and/or VScore standard deviations).
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.
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