VWAP CLOUD FROM CLOSE, OPEN, HIGH & LOW SOURCES WITH CLOUD & PERCENTAGE GAP
VWAP stands for volume weighted average price and shows the average price of buys/sells based on volume traded across the current session. This VWAP is based off of the Daily session.
***HOW TO USE***
Use the purple cloud between the VWAPs as your entry points as price will typically...
DIRECTIONAL MOVEMENT INDEX + FISHER PRICE ACTION WITH LABELS
Directional Movement Index shows buy and sell pressure.
Fisher transform shows price action trending bullish or bearish.
Caution dots notify you of conflicting trends.
***HOW TO USE***
The top lines are the fisher transform showing you the price action trend.
The bottom lines filled with color shows...
VOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL
This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI).
***HOW TO USE***
If the bar and background is colored green, there is more market buying than selling on that bar.
If the bar and background is colored red, there is more market...
MONEY FLOW INDEX WITH BULLISH AND BEARISH SIGNALS
Money Flow Index shows whether money is coming into the market or going out of the market. This can be used to gauge market sentiment and whether people are buying or selling at the current price.
***HOW TO USE***
If the MFI line is green, it is above the 50 line and in a bullish trend.
If the MFI line is red,...
Based on logic from many top contributors here, the script utilizes LazyBear's WaveTrend Oscillator Indicator along with custom code to plot a few key components for daily trading;
Boundaries for entry and exit points which are based on a 6-day trend in OPEN/HIGH and OPEN/LOW prices.
Daily HIGH and LOW points to establish a good view of stock's movements
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