Tabajara VWAP Ogro RSJ

Overview of Tabajara VWAP Ogro RSJ

The Tabajara VWAP Ogro RSJ is a powerful trading indicator designed to help traders identify the current trend of prices and determine the type of operation to look for on the graph. Created by the Brazilian trader known as "The OGRO of Wall Street," this indicator is a blend of various moving averages and VWAP (Volume Weighted Average Price) to paint a clear picture of market trends.

Operation and Functionality

The Tabajara VWAP Ogro RSJ operates by analyzing the positioning of the closing prices of candles and the VWAP until 10:40 AM. After this time, it uses the arithmetic mean of 20 periods to paint the candles in four possible colors:

• Green: Price rising in an upward trend (Search entry points for PURCHASE)
• Black: Price correcting in a bullish trend (Search entry points for purchase)
• Red: Price falling in a downtrend (Search entry points for SALE)
• White: Price correcting in a downtrend (Search entry points for SALE)

Additional Indicators

To enhance its effectiveness, the Tabajara VWAP Ogro RSJ includes several additional indicators:

• Exponential Average of 8 periods: Identifies short-term price movements
• Arithmetic Average of 50 periods: Identifies medium-term price movements
• Exponential Average of 80 periods: Identifies medium-term price movements
• Arithmetic Average of 200 periods: Identifies long-term price movements

Benefits and Applications

The Tabajara VWAP Ogro RSJ is particularly beneficial for traders looking to:

• Identify the current market trend and make informed trading decisions
• Distinguish between short-term corrections and long-term trends
• Utilize multiple timeframes to get a comprehensive view of the market

User Reviews and Feedback

With a rating of 4.81 and 40 reviews, the Tabajara VWAP Ogro RSJ has received positive feedback from users. Traders appreciate its ability to clearly indicate market trends and provide actionable insights. However, as with any trading tool, it is essential to combine it with other analysis methods and risk management strategies.

Conclusion

The Tabajara VWAP Ogro RSJ is a robust indicator that leverages the power of VWAP and various moving averages to provide traders with a clear understanding of market trends. Whether you are a novice or an experienced trader, this tool can be a valuable addition to your trading arsenal. 🌟📈