MA Respect IndicatorThis indicator tells you how much a moving average is being respected.
Green = highly respected
Blue = watch out, transitioning
Red = not respected at all.
If you trade moving averages, you may find this very helpful with determining when and when not to trust a MA. This can be changed to look at a VWAP, and many other different MA calculation types.
D-VWAP
Auto AVWAP (Anchored-VWAP) with Breakout ScreenerAuto AWAP based indicator that is able to idenifty the breakout of AWAP
Stan's Magic PotionStan's Magic Potion Indicator
Overview
"Stan's Magic Potion" is a robust Pine Script® v6 indicator designed for short-term trading on 3-minute and 5-minute time frames, optimized for major indices such as AMEX:SPY , SP:SPX , NASDAQ:QQQ , and $IWM. This indicator integrates Opening Range Breakout (ORB) logic, Dynamic Momentum Metrics (DMM), VWAP, and confluence-based entry signals to deliver clear, actionable trade setups for bullish and bearish opportunities.
Key Features
Opening Range Breakout (ORB): Captures the high and low of the 9:30 AM – 9:45 AM EST opening range, locking these levels at 9:45 AM to identify breakout zones. Breakouts above or below these levels are highlighted with background colors for easy visualization.
DMM Cross Signals: Utilizes fast and slow Dynamic Momentum Metrics (DMM) to generate "CALL" and "PUT" signals on crossovers, with dynamic fill colors between the DMM lines to indicate trend direction.
Confluence Entry at 10:00 AM: Generates high-probability "CALL" or "PUT" signals at 10:00 AM when price aligns with key levels (above/below EMA 200, VWAP, and locked ORB high/low) and DMM trend confirmation.
VWAP and EMA 200: Plots VWAP and a 200-period EMA as dynamic support/resistance levels to aid in trend analysis.
Visual Clarity: Includes clear labels for trade signals, ORB lock markers, and color-coded plots for intuitive chart reading.
How to Use
Time Frame: Best used on 3-minute or 5-minute charts for AMEX:SPY , SP:SPX , NASDAQ:QQQ , or $IWM.
Trade Setups:
* Look for "CALL" or "PUT" signals from DMM crossovers throughout the session.
* Prioritize 10:00 AM confluence signals for higher-probability entries when price aligns with EMA 200, VWAP, and ORB levels.
* Monitor ORB breakouts (highlighted by background colors) for momentum-driven trades.
Risk Management: Always use proper risk management and confirm signals with additional analysis, as market conditions may vary.
Settings
* The indicator is pre-configured with default parameters (DMM settings, ORB time window, VWAP). No user inputs are required, ensuring simplicity and ease of use.
* Maximum bars back is set to 500 for performance optimization.
Notes
* This indicator is subject to the terms of the Mozilla Public License 2.0.
* © StanTheTradingMan.
* Designed for educational and informational purposes. Always backtest and validate strategies before live trading.
Why Use Stan's Magic Potion?
This indicator combines multiple proven technical concepts (ORB, DMM, VWAP) into a single, cohesive tool tailored for short-term traders. Its focus on key intraday time windows (9:30–9:45 AM and 10:00 AM) and clear visual cues make it an excellent choice for those seeking precision in fast-moving markets.
License
This Pine Script® code is licensed under the Mozilla Public License 2.0.
FoundryFutures - Multi-Timeframe Vwap and Prior ValueMulti-Timeframe VWAP with Previous Session Volume Profile Value Areas
Overview
This indicator combines Volume Weighted Average Price (VWAP) analysis with previous session’s Volume Profile Value Areas, helping traders identify key institutional price levels and important market structure zones. It shows both the current period VWAP and the prior period’s value area levels, creating a robust framework for recognizing potential support and resistance.
🔑 Key Features
1. Multi-Timeframe VWAP
Calculates real-time VWAP for the current period across multiple timeframes: Hourly, 4-Hour, Daily, 2-Day, 3-Day, Weekly, Monthly, Quarterly, and Yearly.
Dynamic color-coding based on VWAP slope to visualize trend direction.
Displays the previous period’s closing VWAP as a static reference.
2. Standard Deviation Bands
Includes up to three customizable deviation levels for current VWAP.
Plots both current period bands and previous period’s closing deviation levels.
Optional fill between bands for enhanced visual context.
Upper band extensions available for deeper analysis.
3. Previous Session Volume Profile Value Areas
Plots previous session’s value areas on the current chart.
Includes Previous Value Area High (VAH), Value Area Low (VAL), and Point of Control (POC) — representing where the most volume traded.
Historical levels often act as key support or resistance in the current period.
Adjustable value area percentage (default is 70%).
4. Visual Enhancements
Color-coded fills show when price is above/below previous value areas.
Imbalance zones highlighted between current price and historical levels.
Flexible line styles, colors, and transparency options.
Optional labels with clear prefixes (e.g., PD- for Prior Day, PW- for Prior Week).
5. Alert Functionality
All previous session levels are available in the alerts menu.
Set alerts for price approaching or crossing prior value areas.
Monitor interactions with previous session POC or value edges.
📌 Use Cases
Gap Analysis: Spot overnight or weekend gaps relative to prior value areas. Watch for acceptance or rejection back into prior value zones.
Opening Range Trading: Assess strength/weakness at open vs. previous session’s levels. Trade breakouts or fades around previous VAH/VAL.
Continuation vs. Reversal: Holding above previous VAH suggests continuation; failure at VAL can imply reversal risk. POC often acts as a magnet.
Risk Management: Prior value edges provide logical stop/target zones. Use prior POC as a target for mean reversion strategies.
⚙️ How It Works
The script continuously calculates the current VWAP and overlays previous period’s volume profile levels:
Daily chart: Shows yesterday’s value area and POC.
Weekly chart: Shows last week’s value area and POC.
Monthly chart: Shows previous month’s levels.
This gives traders context on where the bulk of volume traded historically, helping assess real support/resistance built on actual activity.
🛠️ Settings Groups
VWAP Settings: Timeframe, deviation bands.
Color Settings: Full color and line style control.
Value Area Settings: Styling and extensions for prior levels.
Label Settings: Clear identification of levels with prefixes.
✅ Best Practices
Use previous daily levels for intraday trading.
Use previous weekly levels for swing setups.
Use previous monthly levels for longer-term positioning.
Look for confluence between multiple timeframe levels.
This indicator helps bridge real-time VWAP flows with historical volume profile zones — giving traders context for where institutional positioning may remain influential.
⚠️ Disclaimer
This script is provided as-is for educational and informational purposes only. Neither FoundryFutures nor the author(s) of this code accept any liability for financial losses or damages resulting from its use. Trading involves substantial risk and is not suitable for every investor. Always do your own research and consult a qualified financial advisor before making any trading decisions.
Multi VWAP with Bands (Band 1 & 2 Only)VWAP stands for Volume Weighted Average Price. It represents the average price of a security, weighted by volume, over a specific period (usually a single trading day). It shows where most trading activity has occurred in terms of price.
Open Drive 7M DetectorAn Opening Drive play or Open Drive play is a strategy for just right when the market is open. This strategy lets you take advantage of the momentum that happens just when the market opens. At the beginning of my trading career i made a lot of money using this strategy.
This indicator attempts to use my personal logic to decide wether one of the 7 Magnificents is a candidate for this strategy. So what the script does is to look for premarket behavior of the price around the VWAP with particular focus on interactions between 8 AM and 9:30 AM. If the price is found to cross VWAP or EMA 200 is a possible candidate. If the price retest either VWAP or EMA 200 then it's a candidate.
To play an Open Drive make sure your price is as close to the VWAP or EMA 200 as possible and then risk just a little below of them on an uprend and conversely up of them if on a downtrend.
Contact me if you have questions.
EVWAPThis indicator plots two Volume-Weighted Average Price (VWAP) lines anchored to earnings events:
EVWAP (Earnings Day): Resets VWAP on the day of the earnings release.
EVWAP (Post-Earnings Day): Resets VWAP on the first trading day after earnings.
These earnings-based VWAPs help identify average price zones impacted by earnings, providing insight into post-earnings support/resistance and potential trend shifts. Works on all timeframes.
Useful for traders analyzing price reactions around earnings reports.
VMATOR v1VMATOR
Originally based on a personal strategy that i designed as i'm not familiar with every candlestick pattern and other strategies. This indicator is a something i created for my self trying to get better entries with lower risk. In my research and test back i found out that the lowest risk is found when entering to a position when price is close to VWAP and EMA 50 and 200. Hence the name of this indicator: VMATOR.
The indicator looks for the closest price to VWAP and those EMAs and generates a signal. It also makes an attempt to estimate exits based on the amount of times price retracts to the closest EMA.
This indicator works best if there are defined uptrends or downtrends. It may not work well during consolidations or accumulations.
If you trade Options consider that when the market opens you may have already a signal before. If by the time market opens price has not retracted to EMA 50 is safe to enter but it's up to you to define your risk.
Contact me if you have any questions.
MicroStructure Pulse Scalper - Lower📄 Description
⚙️ MPS Companion v1.0 is a custom-built utility indicator designed to complement the MicroStructure Pulse Scalper (MPS).
It visualizes pressure buildup from microstructural imbalances, volume surges, trend alignment, and liquidity sweeps — turning invisible market pressure into actionable intelligence.
🔍 What It Does
Pressure Oscillator: Calculates a normalized score from –100 to +100 showing how likely the market is to form a high-probability MPS trigger.
Adaptive Threshold Zones: Dynamic bullish/bearish levels adapt to volatility for smarter readings.
Microstructure Memory: A clustering model gauges how many valid entry conditions occurred recently.
Real-Time Dashboard: A floating panel shows trend direction, volume regime, liquidity sweep type, and more.
Background Zoning: Visually highlights when market bias enters a prime actionable zone.
✅ Core Logic
VWAP Z-Score Dislocation
Volume Spike Detection (Z-Score)
ATR-Based Expansion Analysis
EMA-Based Trend Direction
Liquidity Sweep Recognition
Signal Memory Weighting (clustering over recent bars)
🧠 How to Use It
Use the oscillator + background zone to anticipate potential MPS triggers.
Check the dashboard for bias clarity before acting on any signal.
Use adaptive zones to filter chop from high-conviction setups.
🎯 Recommended Settings
Works best on: 1m, 3m, 5m charts (BTC/USD, ETH, NASDAQ micros, etc.)
Combine with: MPS Strategy or Dashboard
Default values are tuned for fast-paced scalping.
🧬 About the Author
This tool is part of the MicroStructure Pulse System, engineered by Donald Clark for precision scalping with a blend of statistical models, microstructure theory, and volatility dynamics.
👉 For full access to the Full-Private MPS system, including entry engine and optimization suite, DM the author or visit the full strategy page.
Dynamic VWAP: Fair Value & Divergence SuiteDynamic VWAP: Fair Value & Divergence Suite
Dynamic VWAP: Fair Value & Divergence Suite is a comprehensive tool for tracking contextual valuation, overextension, and potential reversal signals in trending markets. Unlike traditional VWAP that anchors to the start of a session or a fixed period, this indicator dynamically resets the VWAP anchor to the most recent swing low. This design allows you to monitor how far price has extended from the most recent significant low, helping identify zones of potential profit-taking or reversion.
Deviation bands (standard deviations above the anchored VWAP) provide a clear visual framework to assess whether price is in a fair value zone (±1σ), moderately extended (+2σ), or in zones of extreme extension (+3σ to +5σ). The indicator also highlights contextual divergence signals, including slope deceleration, weak-volume retests, and deviation failures—giving you actionable confluence around potential reversal points.
Because the anchor updates dynamically, this tool is particularly well suited for trend-following assets like BTC or stocks in sustained moves, where price rarely returns to deep negative deviation zones. For this reason, the indicator focuses on upside extension rather than symmetrical reversion to a long-term mean.
🎯 Key Features
✅ Dynamic Swing Low Anchoring
Continuously re-anchors VWAP to the most recent swing low based on your chosen lookback period.
Provides context for trend progression and overextension relative to structural lows.
✅ Standard Deviation Bands
Plots up to +5σ deviation bands to visualize levels of overextension.
Extended bands (+3σ to +5σ) can be toggled for simplicity.
✅ Conditional Zone Fills
Colored background fills show when price is inside each valuation zone.
Helps you immediately see if price is in fair value, moderately extended, or highly stretched territory.
✅ Divergence Detection
VWAP Slope Divergence: Flags when price makes a higher high but VWAP slope decelerates.
Low Volume Retest: Highlights weak re-tests of VWAP on low volume.
Deviation Failure: Identifies when price reverts back inside +1σ after closing beyond +3σ.
✅ Volume Fallback
If volume is unavailable, uses high-low range as a proxy.
✅ Highly Customizable
Adjust lookbacks, show/hide extended bands, toggle fills, and enable or disable divergences.
🛠️ How to Use
Identify Buy and Sell Zones
Price in the fair value band (±1σ) suggests equilibrium.
Reaching +2σ to +3σ signals increasing overextension and potential areas to take profits.
+4σ to +5σ zones can be used to watch for exhaustion or mean-reversion setups.
Monitor Divergence Signals
Use slope divergence and deviation failures to look for confluence with overextension.
Low volume retests can flag rallies lacking conviction.
Adapt Swing Lookback
30–50 bars: Faster re-anchoring for swing trading.
75–100 bars: More stable anchors for longer-term trends.
🧭 Best Practices
Combine the anchored VWAP with higher timeframe structure.
Confirm signals with other tools (momentum, volume profiles, or trend filters).
Use extended deviation zones as context, not as standalone signals.
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security or asset. Always do your own research and consult a qualified financial professional before making any trading decisions. Past performance does not guarantee future results.
Option Auto Anchored VWAPThis indicator automatically shows two Anchored VWAP lines.
The first gets placed on the very first candle of the chart.
The second is set on the last or current day you select in the settings.
Nifty Option Auto Anchored VWAPThis indicator automatically shows two Anchored VWAP lines.
The first gets placed on the very first candle of the chart.
The second is set on the last or current day you select in the settings.
Index Option Auto Anchored VWAPThis Indicator will plot two Anchored VWAP Automatically
1. First Anchor on First Candle of the Chart
2. Second Anchor on Last or Current Friday
Multi VWAP indicatorMulti VWAP – Advanced Volume-Weighted Average Price Tool
The Multi VWAP indicator is a powerful tool for traders who use volume-based price analysis to find high-probability trade levels. It plots multiple VWAPs across different timeframes and key market anchors to give a deeper view of market structure and value.
Features:
Multi-Timeframe VWAPs: Displays VWAPs for the Year, Month, Week, and Day – giving you an instant overview of where price is trading relative to its volume-based average over time.
Anchored VWAPs from Yearly High/Low: Automatically anchors VWAP to the Yearly High and Yearly Low – these levels often act as dynamic support and resistance, making them excellent reference points for both entries and exits.
ATR Levels: Optional display of Average True Range (ATR) on Daily, 4-Hour, and Hourly timeframes – useful for volatility assessment and risk management.
Volume × Price Analysis: Includes an option to show Volume × Price for the previous day, which is especially helpful when trading low-liquidity cryptocurrencies or small-cap stocks, where volume has a stronger influence on price.
The Multi VWAP indicator is ideal for traders who want a layered, volume-driven perspective of the market. It helps identify key support and resistance levels, track market sentiment shifts, and improve timing across different trading styles.
Multi VWAP with Bands (Band 1 & 2 Only)Multiple Vwap With Bands 1 and 2
VWAP stands for Volume Weighted Average Price. It’s a trading benchmark used to give the average price a security (like a stock or cryptocurrency) has traded at throughout the day, based on both price and volume.
Rolling VWAPVWAP (Volume Weighted Average Price) is a trading benchmark that gives the average price a security has traded at throughout the day, based on both price and volume.
Vol > 2×MA20Vol > 2×MA20 – שער-נפח לפריצות אמיתיות
הסקריפט מדגיש בר־דקה שבו נפח המסחר הנוכחי גדול פי 2 מהממוצע-נע של 20 נרות (SMA-20).
מטרתו לסנן “פריצות דקיקות” ולאמת שתנועה טכנית נתמכת בכסף אמיתי.
חישוב – trigger = volume > 2 * sma(volume, 20)
תצוגה –
עמודות נפח כחולות רגילות
קו אדום = 2 × SMA20 להצגת הסף
נקודת Alert (💠) כאשר התנאי מתקיים
AlertCondition – מובנה בשם “VolumeGate” (Once Per Bar Close מומלץ)
טיימפריים מומלץ – גרף 1-דקה או 5-דקות; מתאים גם ל-Higher TF אם משנים את המכפיל.
שימוש עיקרי – Day-Trading / סקאלפ: כניסה רק כשפריצה במחיר מלוּוָה בנפח כפול.
פרמטרים ניתנים לשינוי –
len (בר־אורך ממוצע; ברירת-מחדל = 20)
mult (מכפיל נפח; ברירת-מחדל = 2)
פשוט הוסף בקוד:
len = input.int(20, "Length")
mult = input.float(2.0, "Multiplier")
כתב-ויתור – הסקריפט מספק אינדיקציה כמותית בלבד ואינו המלצה לביצוע עסקה.
אשר נתוני Real-Time, חדשות וספרי פקודות לפני כל החלטה.
Vol > 2 × MA20 — Volume Gate for Genuine Breakouts
This script highlights any bar whose trading volume is at least twice the 20-bar simple moving average (SMA-20).
Its goal is to filter out “thin” price spikes and confirm that a breakout is backed by real buying power.
Logic – trigger = volume > 2 * sma(volume, 20)
Visuals
Regular volume columns in blue
Red line = 2 × SMA-20 (the threshold)
Diamond marker whenever the condition is met
AlertCondition – Built-in under the name “VolumeGate” (use Once Per Bar Close for best results)
Recommended time-frames – 1-minute or 5-minute charts; works on higher TFs if you adjust the multiplier.
Primary use-case – Day-trading / scalping: enter trades only when a price breakout is accompanied by at least double the average volume.
Customizable inputs
pinescript
Copy
Edit
len = input.int(20, "Length")
mult = input.float(2, "Multiplier")
Change them to suit different assets or market conditions.
Disclaimer – This script provides a quantitative signal only and is not financial advice. Always confirm with real-time data, news, and order-book depth before acting.
Ask ChatGPT
2 Day VWAP by ZippyThis script calculates a live, intraday-updating 2-Day Volume Weighted Average Price (VWAP).
It aggregates price × volume and volume from both the current and previous trading sessions,
providing a more stable and institutionally relevant VWAP benchmark. Optional standard deviation bands are included for visual context.
VWAP Deviation Channels with Probability (Lite)VWAP Deviation Channels with Probability (Lite)
Version 1.2
Overview
This indicator is a powerful tool for intraday traders, designed to identify high-probability areas of support and resistance. It plots the Volume-Weighted Average Price (VWAP) as a central "value" line and then draws statistically-based deviation channels around it.
Its unique feature is a dynamic probability engine that analyzes thousands of historical price bars to calculate and display the real-time likelihood of the price touching each of these deviation levels. This provides a quantifiable edge for making trading decisions.
Core Concepts Explained
This indicator is built on three key concepts:
The VWAP (Volume-Weighted Average Price): The dotted midline of the channels is the session VWAP. Unlike a Simple Moving Average (SMA) which only considers price, the VWAP incorporates volume into its calculation. This makes it a much more significant benchmark, as it represents the true average price where the most business has been transacted during the day. It's heavily used by institutional traders, which is why price often reacts strongly to it.
Standard Deviation Channels: The channels above and below the VWAP are based on standard deviations. Standard deviation is a statistical measure of volatility.
- Wide Bands: When the channels are wide, it signifies high volatility.
- Narrow Bands: When the channels are tight and narrow, it signifies low volatility and
consolidation (a "squeeze").
The Conditional Probability Engine: This is the heart of the indicator. For every deviation level, the script displays a percentage. This percentage answers a very specific question:
"Based on thousands of previous bars, when the last candle had a certain momentum (bullish or bearish), what was the historical probability that the price would touch this specific level?"
The probabilities are calculated separately depending on whether the previous candle was green (bullish) or red (bearish). This provides a nuanced, momentum-based edge. The level with the highest probability is highlighted, acting as a "price magnet."
How to Use This Indicator
Recommended Timeframes:
This indicator is designed specifically for intraday trading. It works best on timeframes like the 1-minute, 5-minute, and 15-minute charts. It will not display correctly on daily or higher timeframes.
Recommended Trading Strategy: Mean Reversion
The primary strategy for this indicator is "Mean Reversion." The core idea is that as the price stretches to extreme levels far away from the VWAP (the "mean"), it is statistically more likely to "snap back" toward it.
Here is a step-by-step guide to trading this setup:
1. Identify the Extreme: Wait for the price to push into one of the outer deviation bands (e.g., the -2, -3, or -4 bands for a buy setup, or the +2, +3, or +4 bands for a sell setup).
2. Look for the High-Probability Zone: Pay close attention to the highlighted probability label. This is the level that has historically acted as the strongest magnet for price. A touch of this level represents a high-probability area for a potential reversal.
3. Wait for Confirmation: Do not enter a trade just because the price has touched a band. Wait for a confirmation candle that shows momentum is shifting.
- For a Buy: Look for a strong bullish candle (e.g., a green engulfing candle or a hammer/pin
bar) to form at the lower bands.
- For a Sell: Look for a strong bearish candle (e.g., a red engulfing candle or a shooting star)
to form at the upper bands.
Define Your Exit:
- Take Profit: A logical primary target for a mean reversion trade is the VWAP (midLine).
- Stop Loss: A logical place for a stop-loss is just outside the next deviation band. For
example, if you enter a long trade at the -3 band, your stop loss could be placed just
below the -4 band.
Disclaimer: This indicator is a tool for analysis and should not be considered a standalone trading system. Trading involves significant risk, and past performance is not indicative of future results. Always use this indicator in conjunction with other forms of analysis and sound risk management practices.
Fibo_Ma with Toggleable 200 EMA Filter Fibo_MA with Toggleable 200 EMA Filter
Description:
This multi-functional indicator blends Fibonacci-based moving averages with customizable filters and visual enhancements to support various trading strategies. It offers traders the flexibility to analyze trend dynamics and potential reversal zones using multiple tools in one script.
Key Features:
🔹 Fibonacci MA Framework
Leverage a range of Fibonacci numbers (from 1 to 233) to visualize trend-based EMA lines with optional smoothing. Users can choose the moving average method (SMA, EMA, RMA, WMA, VWMA, etc.) and adjust the smoothing length for fine-tuned analysis.
🔹 VWAP and Dynamic EMA Tools
Includes VWAP and a color-coded 200 EMA that updates based on trend slope. These help visualize key dynamic support and resistance levels.
🔹 Multi-Timeframe Support
Option to switch the data source to a higher timeframe for broader trend confirmation.
🔹 Signal Highlights
Bullish and bearish signal markers based on crossovers with optional filters.
Background highlights show whether the current price is above or below a smoothed EMA line.
🔹 Customizable Filters
Enable or disable filters like:
200 EMA Position Filter (only signal when price is above or below the 200 EMA)
ATR Filter (filter out low-volatility candles)
Volume Filter (signal only on sufficient volume)
🔹 Cross Alerts & Labels
Built-in alert conditions for crossovers and customizable signal display options—labels, shapes, and background highlights.
🔹 Advanced Options
Toggle forecast line visibility and offset
Fine-tune alerts using price action relative to the smooth trend line
Optional tail and cross label display for deeper chart customization
How to Use:
This tool can support trend-following, breakout, and pullback strategies. Customize the MA types, filters, and timeframe settings to match your trading style. The script is designed for visual clarity while offering rich configurability for discretionary and system-based traders.
Rolling VWAP LevelsRolling VWAP Levels Indicator
Overview
Dynamic horizontal lines showing rolling Volume Weighted Average Price (VWAP) levels for multiple timeframes (7D, 30D, 90D, 365D) that update in real-time as new bars form.
Who This Is For
Day traders using VWAP as support/resistance
Swing traders analyzing multi-timeframe price structure
Scalpers looking for mean reversion entries
Options traders needing volatility bands for strike selection
Institutional traders tracking volume-weighted fair value
Risk managers requiring dynamic stop levels
How To Trade With It
Mean Reversion Strategies:
Buy when price is below VWAP and showing bullish divergence
Sell when price is above VWAP and showing bearish signals
Use multiple timeframes - enter on shorter, confirm on longer
Target opposite VWAP level for profit taking
Breakout Trading:
Watch for price breaking above/below key VWAP levels with volume
Use 7D VWAP for intraday breakouts
Use 30D/90D VWAP for swing trade breakouts
Confirm breakout with move beyond first standard deviation band
Support/Resistance Trading:
VWAP levels act as dynamic support in uptrends
VWAP levels act as dynamic resistance in downtrends
Multiple timeframe VWAP confluence creates stronger levels
Use standard deviation bands as additional S/R zones
Risk Management:
Place stops beyond next VWAP level
Use standard deviation bands for position sizing
Exit partial positions at VWAP levels
Monitor distance table for overextended moves
Key Features
Real-time Updates: Lines move and extend as new bars form
Individual Styling: Custom colors, widths, styles for each timeframe
Standard Deviation Bands: Optional volatility bands with custom multipliers
Smart Labels: Positioned above, below, or diagonally relative to lines
Distance Table: Shows percentage distance from each VWAP level
Alert System: Get notified when price crosses VWAP levels
Memory Efficient: Automatically cleans up old drawing objects
Settings Explained
Display Group: Show/hide labels, font size, line transparency, positioning
Individual VWAP Groups: Color, line width (1-5), line style for each timeframe
Standard Deviation Bands: Enable bands with custom multipliers (0.5, 1.0, 1.5, 2.0, etc.)
Labels Group: Position (8 options including diagonal), custom text, price display
Additional Info: Distance table, alert conditions
Technical Implementation
Uses rolling arrays to maintain sliding windows of price*volume data. The core calculation function processes both VWAP and standard deviation efficiently. Lines are created dynamically and updated every bar. Memory management prevents object accumulation through automatic cleanup.
Best Practices
Start with 7D and 30D VWAP for most strategies
Add 90D/365D for longer-term context
Use standard deviation bands when volatility matters
Position labels to avoid chart clutter
Enable distance table during high volatility periods
Set alerts for key VWAP level breaks
Market Applications
Forex: Major pairs during London/NY sessions
Stocks: Large cap names with good volume
Crypto: Bitcoin, Ethereum, major altcoins
Futures: ES, NQ, CL, GC with continuous volume
Options: Use SD bands for strike selection and volatility assessment
Volume Zones IndicatorVolume Zones Indicator — VWAP with Dynamic Monthly Volume Zones
This indicator is an enhanced version of the classic VWAP (Volume Weighted Average Price), designed to create clear monthly zones around VWAP based on average price range (ATR) and volume activity.
The core idea is to highlight key zones where price is more likely to reverse or consolidate, based on where significant trading volume occurs.
How does it work?
VWAP is calculated over the last N days (set by the lookbackPeriod input).
Four zones are plotted above and below VWAP, spaced using a multiple of ATR.
Each zone has its own color for clarity:
Blue — closest to VWAP
Red — second band
Green — third band
Orange — outer band (potential breakout or exhaustion zone)
If the current volume exceeds the moving average of volume, it is highlighted directly on the chart. This helps detect accumulation or distribution moments more easily.
What does the trader see?
You see horizontal colored bands on the chart that update at the start of each new month. These zones:
Remain fixed throughout the month
Automatically adjust based on recent volume and volatility
Act as dynamic support/resistance levels
Best used for:
Mean reversion strategies — identifying pullbacks toward value areas
Support and resistance mapping — automatic SR zones based on price/volume behavior
Breakout filtering — when price reaches zone 3 or 4, trend continuation or reversal is likely
Adding volume context to price action — works well with candlestick and pattern analysis
Settings
Lookback Period (Days): VWAP and volume smoothing length
Volume Area Threshold %: Reserved for future functionality
Works on any timeframe; best suited for 4H timeframe.
Zones are calculated and fixed monthly for clean visual context
Combines price structure with actual volume flow for more reliable decision-making
