VWAP Predator – TradingView
This is a Day Trading and Scalping Indicator with built in trade management guidance. VWAP is commonly used as a benchmark by investors who want to be more passive in the market. NOT the VWAP Predator! This is a Day Trading and Scalping Indicator with built in trade management guidance.
The VWAP Predator uses the Volume Weighted Average Price as a zonal guide with Bullish and Bearish Bands. Then uses logic that consists of, recognising accumulation candles (more buyers) and distribution candles (more sellers). Then if those candles have higher than average volume, then they are most likely to be the start of a move. If those candles cross from one zone to another, then a Signal Candle is Produced. Long (Buy) Signals only on the Bullish Bands and Short Signals only in the Bearish Bands (Sell)
Trade Management is either by setting sensible short term targets or by using the Ribbon, which is some logic taken from the xBrat Manager.