The "VWAP CURRENT YESTERDAY" is a Pine Script designed for TradingView that automatically calculates and plots the Volume Weighted Average Price (VWAP) for the current day, the previous day.
Dynamic VWAP Calculation: Automatically generates VWAPs for 1 day and 2 day.
User-Friendly Customization: Through input options, users can easily toggle the visibility of each VWAP line, adjust colors, and set line thicknesses to their preference.
Configuration Options
1. VWAP Source: Choose the price source for VWAP calculation. Default is the typical price (`hlc3` - the average of high, low, and close).
2. VWAP Lines: Toggle the display for Today's VWAP, Yesterday's VWAP, and the VWAP from 2 days ago. Customize colors and thickness for each VWAP line for clear visual distinction.
3. VWAP Labels: Configure label sizes and positions to ensure that VWAP values are easily identifiable on the chart.
How It Works: - The script calculates the sum of price multiplied by volume (`vwapsum`) and the sum of volumes (`volumesum`) for the specified periods. - It utilizes an impulse function to reset calculations at the start of each new session or custom date, ensuring accurate and relevant VWAP values. - Final VWAP values are plotted as lines on the chart, with optional labels for current and 2-day VWAPs for quick reference.
Customization Guide: - To activate or deactivate specific VWAP lines, navigate to the 'VWAP Lines' section in the script's settings and toggle the respective options. - Adjust the color and thickness of each VWAP line under the same section to match your charting preferences. - Label settings, including size and offset, can be customized in the 'VWAP Labels' section, allowing for personalized label positioning and readability.