As traders and investors now urge to console volume factors into their price action analysis. This script is an attempt to combine volume-weighted moving average (VWMA), volume-weighted average price (VWAP), along with the exponential moving average (EMA). I have found that this indicator works quite well with the stock market.
How to use the indicator: Buy when the VWAP and EMA lines crossing up VWMA. Sell when the VWAP and EMA crossing down each other OR both VWAP and EMA crossing down VWAP
Any modificatio is welcomed, but please let me know.
There's a confusing typo in the instructions, which state "Sell when the VWAP and EMA crossing down each other OR both VWAP and EMA crossing down VWAP." I believe it should be "...OR both VWAP and EMA crossing down VWMA," but hopefully you can confirm.
I believe it should be "...OR both VWAP and EMA crossing down VWMA," but hopefully you can confirm.