This script shows the percent difference from price, or in percent terms how far away price is from it.
Roughly, the further price goes away from the vwap, the more likely it is to revert.
This script only runs properly on Binance perpetual charts, and auto updates to the SPOT, underlying asset, difference between price and the vwap. The vwap has a resolution option to change the timeframe of the Vwap.
IMPORTANT: If you are not on a Binance perpetual chart, this script will reference the VWAP difference to price on Binance:BTCUSDT.
If you're using this on a recently listed coin, there's a chance I haven't updated the script. Check accordingly.
Settings include bracketing for color reference. High time frame VWAP resolution will cause the colors to go extreme, since price can move further away on high time frames.
I'm hoping to update this script to account for normal uses on high time frame settings.
Plotshapes and respective lines plotted have style and size settings.
DM for access.
Thanks
Roughly, the further price goes away from the vwap, the more likely it is to revert.
This script only runs properly on Binance perpetual charts, and auto updates to the SPOT, underlying asset, difference between price and the vwap. The vwap has a resolution option to change the timeframe of the Vwap.
IMPORTANT: If you are not on a Binance perpetual chart, this script will reference the VWAP difference to price on Binance:BTCUSDT.
If you're using this on a recently listed coin, there's a chance I haven't updated the script. Check accordingly.
Settings include bracketing for color reference. High time frame VWAP resolution will cause the colors to go extreme, since price can move further away on high time frames.
I'm hoping to update this script to account for normal uses on high time frame settings.
Plotshapes and respective lines plotted have style and size settings.
DM for access.
Thanks
リリースノート:
Changed script to centered oscillator values for trade direction. Changed metrics for thresholds accordingly for plotshapes.
リリースノート:
Removed bgcolor and changed percent thresholds steps to 0.1
リリースノート:
Added "perp check" and updated tickers