Flunki TWAP minus MTF TWAP Oscillator


Herewith a another simple oscillator that show the difference in price between a selectable timeframe TWAP and another alternative selectable timeframe TWAP

This is shown as a histogram.

Use numeric TWAP values for minutes (30, 60 ,720 whatever) and D, 3D, W, M for higher values

There is also a global timeframe which will set the timeframe for a global alternate timeframe (instead of current chart resolution)

On top of that is a Moving Average of the histogram value, shown as a blue / red line with an option to highlight this MA crossing zero, and an option to colour bars to this line.

Simple idea : Code open

Enjoy !


In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.