VVWAP MTF Stacking

VVWAP MTF Stacking

VWAP is one of the main tools used by large brokers in order to guarantee their clients prices. VWAP is being actively used by day traders too. However, swing traders can get premium edge when they have short, medium and long term VWAP stack. This indicator gives you the moments of time when this happens.

  • PRODUCT INFO


    HOW DOES IT WORK
    The chart calculates the VWAP on 3 current or higher timeframes. The timeframes can be chosen from the settings of the indicator.
    The VWAP calculations are plotted and the background of the indicator is colored depending on various conditions:

    • Color Lime – when we have VWAP timeframe 1 > VWAP timeframe 2 AND VWAP timeframe 2 > VWAP timeframe 3 AND VWAP timeframe 1 > VWAP timeframe 3
    • Color green – VWAP timeframe 2 > VWAP timeframe 3
    • Color red - not Color Green or Color Lime


    HOW TO USE IT
    I add Timeframe 1 = Daily, Timeframe 2 = Weekly, Timeframe 3 = Monthly. I look at these as a confirmation of a strong trend within my swing setups.
    If the VWAPs are stacked, then we can conclude we are in a strong uptrend.

     

    HISTORY AND CREDITS
    The inspiration of this comes from Zen the art of trading - https://www.tradingview.com/u/ZenAndTheArtOfTrading/#published-charts
    and the Simpler Trading school, mainly John Carter.

  • ACCESS INFO

    For Tradingview:

    Free

  • URL to TradingView Product

    Link to TradingView script

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