Hi everybody!
I've been using VWAP long enough. But there was one problem - it was useless in markets that did not broadcast volume. The "Midas Technical Analysis" book proposed the solution of taking volume as a unit - 1. But i thought that's not good solution. I made my version, which did not use volumes, but remained dependent on the strength of price movements. Let's see it
Red curve - Standart VWAP with volume
Blue curve - VWAP without volume
It's fantastic but there are no serious differences.
We have arrived at a paradoxical thing - the VWAP curve, which even in its name contains a direct reference to volume, can be calculated without volume and still be the same as the standard
What does this give us?
We can use VWAP on no volume markets. For example, EURUSD
And what another important feature I have made? Flexibility. Let's see the same EURUSD screen with flexibility turn on
Crypto? Yes.
We can build curve hierarchies and catch pullbacks. Back to the Facebook picture
You can also see sigmas, which can be used as targets
I make englishspeak telegram group https://t.me/stockgamblersenglish
And all my indicators for MT5 you can find at MQL5 market: StockGambler (mql5.com)
I've been using VWAP long enough. But there was one problem - it was useless in markets that did not broadcast volume. The "Midas Technical Analysis" book proposed the solution of taking volume as a unit - 1. But i thought that's not good solution. I made my version, which did not use volumes, but remained dependent on the strength of price movements. Let's see it
Red curve - Standart VWAP with volume
Blue curve - VWAP without volume
It's fantastic but there are no serious differences.
We have arrived at a paradoxical thing - the VWAP curve, which even in its name contains a direct reference to volume, can be calculated without volume and still be the same as the standard
What does this give us?
We can use VWAP on no volume markets. For example, EURUSD
And what another important feature I have made? Flexibility. Let's see the same EURUSD screen with flexibility turn on
Crypto? Yes.
We can build curve hierarchies and catch pullbacks. Back to the Facebook picture
You can also see sigmas, which can be used as targets
I make englishspeak telegram group https://t.me/stockgamblersenglish
And all my indicators for MT5 you can find at MQL5 market: StockGambler (mql5.com)
