SB Dynamic VWAP

30 באוג׳ 2021

Created this script that creates a dynamic VWAP based on Outstanding Shares Turnover.

The outstanding shares turnover is determined by volume. If the volume exceeds outstanding shares over X amount of days, X amount is used as the VWAP period.
Also included visually is the Bollinger Bands for price and volatility reference.

30 באוג׳ 2021

הערות שחרור

Updated study title

31 באוג׳ 2021

הערות שחרור

Added tables as a visual aid for pricing and dynamic period for the trader to take into account when making a trading decision.

1 בספט׳ 2021

הערות שחרור

Converted main calculation into a function.

Discovered that the financial() function may not have accurate information, especially for stocks that have gone through reverse merger (aka spacs). Added two optional input variables to override shares outstanding. Setting either one will override the values from financial(). Please verify your date from all sources before relying on this indicator.

2 בספט׳ 2021

הערות שחרור

Added option to put in percent of float shares short. This will reduce the turnover time which is used to calculate vwap period. Completely optional, but may be of interest for anyone that cares to evaluate turnover rate when taking into account shares that are held short.

2 בספט׳ 2021

הערות שחרור

Added option to enable SMA

2 בספט׳ 2021

הערות שחרור

Updated background colors

2 בספט׳ 2021

הערות שחרור

Gave the user the option to plot the vwap as a static line on last value or a plot to show historic values.

6 בספט׳ 2021

הערות שחרור

Carried over new features from my private version of this script.

Mode - added mode to select calculation based on float instead of shares outstanding.
Added option to draw 52 week high/low.
Added overbought/oversold indicators.

6 בספט׳ 2021

הערות שחרור

Removed 52week high to fix formatting issues with public template.

20 בספט׳ 2021

הערות שחרור

Changed default from line to plot

27 בספט׳ 2021

הערות שחרור

Moved table position