Previous Weekly VWAP +-1 STDEV Cloud on Current Week

Babel

Babel

New member
Hello, I'm hoping someone better with thinkscript can help me build this. The concept is straight forward, I would like to take the closing prices of the last weekly VWAPs +1 and -1 standard deviations and plot as a rectangle/cloud on top of the current week.

This can be considered as similar to a volume profile's value area and can be very useful in helping to gauge strength/weakness in the current week's auction.

Below /NQ chart shows that this weeks value has almost completely bounded the range and fading the edges has provided multiple opportunities.

PfNday3.png


TIA
 
You must log in or register to reply here.

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

SIGN UP NOW LEARN MORE
Thread starter Similar threads Forum Replies Date
C horizontal line at the PREVIOUS WEEKLY candle Questions 10
O High & low of week& previous week Candle Study Questions 1
1 How do I use previous day high and low in premarket? Questions 3
T get previous day high low without day aggregation Questions 2
P Previous Day Close in Pre-Market Label Questions 3

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
242 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top