Multi time-range VWAP with Multiple condition alerts - version 2.0 - by Viral Killer
This is a script that contains 3 VWAP modes, 5 min, 60 min and 240 min timeframes, all on the same indicator. You add it to the 5 min chart, but seems to work on other ranges.
Usually, when the VWAP wave crosses above, it is a buy signal, although not perfect. This ensures there is also a MAC-D buy confirmation, for a much stronger buy signal.
You can setup SUPER alerts which ensure multiple time ranges line up, before alerting. Some are already built in.
Yellow Wave is 5 min VWAP , crossing from below into positive is a buy signal. Note the word signal, not guaranteed buy.
Orange Wave is 60 min VWAP , crossing from below into positive is a buy signal.
Purple Wave is 240 min VWAP , crossing from below into positive is a buy signal.
The blue wave is 5 the minutes RSI and the other lines are 1h/4h, corresponding to oversold and overbought signals.
U will see a trail of red and blue arrows on the MAC-D, this script knows when the MAC-D is losing power.
Green dots are a buy, dark dots are a sell. Green with orange rim is a weak buy.
If you see 2 or 3 green dots from different time frames very close together, that is a much stronger buy signal. If the MAC-D also agrees, well, it is very strong. This is shown as blue circle white arrow up.
Exit when you see a red cross or red arrow down, RSI overbought and MAC-D crossing down respectively.
You can use multi condition alerts, i.e. alert me to a STRONG BUY when 5 min VWAP crossed above while the 60 min is positive too, aaaand the MAC-D agrees.
Enjoy.
-Viral Killer
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Finally super alerts should be working thanks to crossover/under
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Alerts working
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alerts
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Shorts alerts fixed updated
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Money flow added
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alerts
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Moneyflow chart
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Amazing color changes
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better graphics
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Improvements
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alerts!
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latest
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alerts fixes
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visual adjustments
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color improvements
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improved formulas
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OK these are the INSTRUCTIONS:
ADD THE INDICATOR TO THE 5 MINUTES CHART. But it does work nicely on all other timeframes. The ratio is basically 1:12:48 (5 minutes/60 minutes/240 minutes). So if you added it to the 1 hour chart, the other two waves would be the 12 hour and 2 days (48 hours is 2 days).
Excuse the bad icons, I picked what was closest and available in the emoji options.
1) 🌀/🛑 = Large blue/red circles with white rims = Entry and exit points for the MACD 5 minutes. Very potent. If you see a green and blue close together, go LONG.
2) 🤢/🔴 = Standard green/red dots = VWAP entry and exit points. These are weak on their own, but combined with a MACD blue/red, can be much more potent. There are 3 sizes; 5m (blue waves), 1h (orange line, larger green/red dots), 4h (faint red line with the largest green/red dots).
3) 🌰 = Orange dots. These are buys, but in somewhat overbought conditions. Still, combined with a MACD blue, can be potents LONGS still.
4) The green/red WAVE. Money flow index, very powerful tool. If the moneyflow is green, LONGS are much more potent. If the moneyflow is red, especially the 4h, you probably want to short, regardless of all the green and blue dots. If moneyflow is green, and you see a green and blue dot cluster, this is a very positive LONG.
5) There is a hidden 1 hour and 4h MACD, which you can activate via the settings. These are hidden for UI purposes (can you handle even more waves?😉), but are used in the formulas.
6) SUPER and ULTRA alerts. These are cutting edge alerts, that only bother you when all 9 planets have lined up 😉. A SUPER alert requires the VWAP and MACD to line up and agree. An ULTRA alert requires the VWAP and MACD to line up and agree, PLUS moneyflow confirmation. The 4 hour ULTRA LONG is a big deal as this means that the 5m/1h/4h VWAPs are all positive, the moneyflow is green, and at least 1 MACD is pointing up too. Potent stuff. Saves you from watching loads of screens, just let Scalp King handle it for you.
Version 3.0 coming soon, with some incredible new features that make this simply the best FREE indicator here.
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Ultimate alerts added, that require the 5m/1h MACD's to cross above/below for an extra signal boost
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Changed color of the 4 hour VWAP, so it doesn't clash with the red MF
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Efficiency fixes
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Loads more settings to control scales etc. You can now define your own 3 time-frames, regardless of which chart timeframe you are in. i.e. 1m/15m/45m. There is now another (hidden) MAC-D 1h you can turn on.
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Hidden 1h, 4h MACD, goto options to activate
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Money Flow 1hour code added
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tweak a few algorithms to better match historic data
Hey, 10/10 bro. This is the top n1 of scripts here.
smiah7
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@gravisxv, what other indicator do you use bro with this ? thanks bro
Arrigomedia
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Hey is there any way I could purchase the script for my own use?
powderchick5
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Anyway to make the macd crossover not repaint?
Secondview
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@powderchick5, yeah it repaint so all signal are ( not truly 'real') let open the chart like 30min after close it and re-open it all stuff place change !
cryptomavic1
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hi matey really interested in this indicator but when i place it on the chart it opens all flat so you have to expand the view which loses the macd lines and signals any idea why its doing this kind regards