VWAP RIBBONVWAP Ribbon Indicator
The VWAP Ribbon Indicator is a comprehensive technical analysis tool designed for TradingView, utilizing multiple Volume-Weighted Average Price (VWAP) calculations across different timeframes (Daily, Weekly, Monthly, Yearly, and Custom) to identify potential trading opportunities. It generates buy/sell signals, detects institutional bias, compression zones, breakouts, false breakouts, and reversions, providing traders with a robust framework for decision-making. The indicator is highly customizable, allowing users to tailor its settings to their trading style and timeframe.
Features
Multi-Timeframe VWAPs: Plots VWAPs for Daily, Weekly, Monthly, Yearly, and a user-defined Custom timeframe, each with configurable deviation bands.
Buy/Sell Signals: Generates signals based on price interactions with VWAPs, rebounds, and crosses, with adjustable sensitivity and minimum conditions.
Institutional Bias: Identifies bullish or bearish institutional bias based on VWAP alignments and slopes.
Compression Zones: Detects areas where VWAPs converge, indicating potential accumulation or distribution phases.
Breakout and False Breakout Detection: Identifies confirmed breakouts and false breakouts after compression zones, with volume and price confirmation.
Reversion Signals: Detects reversions after price excesses beyond VWAP deviation bands, anchored to pivot points.
Custom VWAP: Allows users to define a custom VWAP timeframe (e.g., specific hours, days, weeks) for tailored analysis.
Tactical Panel: Displays real-time signal and market data in a customizable panel (compact or detailed).
Advanced Filters: Incorporates volume, RSI, EMA, and candlestick patterns to enhance signal accuracy.
How to Use
Adding the Indicator:
In TradingView, go to the Pine Editor, paste the provided code, and click "Add to Chart."
The indicator will overlay VWAP lines and deviation bands on your chart, with optional labels and a tactical panel.
Configuration: The indicator is divided into several input groups for easy customization:
⚙️ Activate VWAPs in Signals: Enable or disable Daily, Weekly, Monthly, Yearly, or Custom VWAPs for signal generation.
Visual VWAP Ribbon Settings: Toggle visibility and adjust colors for VWAP lines and deviation bands. Customize the Custom VWAP timeframe (e.g., 4 hours, 2 days).
Buy/Sell Signals: Enable labels for basic signals ("B" for Buy, "S" for Sell), set minimum conditions (1–10), and adjust signal sensitivity (0.1–1.0).
Institutional Bias Conditions: Enable background coloring for bias, set minimum VWAP spacing (%), and optionally require price alignment with VWAPs.
Statistical Signals: Enable reversion labels, adjust lookback periods, and set volume gates for reversions.
VWAP Compression: Enable detection of VWAP convergence zones and breakout/false breakout signals.
Custom Signals: Enable labels for Custom VWAP rebounds with configurable cooldowns.
Pro Filters: Apply advanced filters like minimum VWAP slope, relative price confirmation, volume thresholds, RSI, and EMA weights.
Signal Weight Configuration: Assign weights to various conditions (e.g., price crosses, rebounds) to fine-tune signal scoring.
Tactical Panel: Enable the panel, choose its position (e.g., top-right), and select compact or detailed mode.
Interpreting Signals:
Buy/Sell Signals: Appear as "B" (Buy) or "S" (Sell) labels with detailed tooltips listing triggered conditions (e.g., price crossing Daily VWAP, rebound from lower band). Signals require a minimum number of conditions (default: 3) and a normalized score above the sensitivity threshold (default: 0.5).
Institutional Bias: Background coloring (green for bullish, red for bearish) indicates VWAP alignment (e.g., Daily > Weekly > Monthly) and slope conditions. Neutral bias has no coloring.
Compression Zones: Gray background highlights areas where VWAPs are within a user-defined threshold (default: 0.5%), signaling potential accumulation/distribution.
Breakout Signals: Labeled as "BREAK ▲" or "BREAK ▼" after exiting a compression zone with strong candlestick confirmation and volume.
False Breakout Signals: Labeled as "FALSE ▲" or "FALSE ▼" when price crosses a Daily VWAP band but reverses back, indicating a failed breakout.
Reversion Signals: Labeled as "▲ R ▬ BUY" or "▼ R ▬ SELL" at pivot points after price excesses beyond VWAP bands, confirmed by volume (if enabled).
Custom VWAP Signals: Labeled as "C-BUY" or "C-SELL" for rebounds off the Custom VWAP’s deviation bands, with configurable volume and candlestick filters.
Tactical Panel: Displays the latest signal, price, date, bias, compression status, trend direction, VWAP distances, volume state, and technical summary (slopes, band distances).
Best Practices:
Timeframe Selection: The indicator auto-scales parameters for different timeframes (Daily+, Intraday ≥1h, Sub-hour). Adjust settings like lookbackBars or devThreshold for specific timeframes if autoScaleReversion is disabled.
Signal Sensitivity: Increase signalSensitivity (e.g., 0.7) for stricter signals or decrease (e.g., 0.3) for more frequent signals. Adjust minConditions to balance signal frequency and reliability.
Volume Filters: Enable useVolumeGate or useLiquidityFilter for high-liquidity assets to reduce false signals in low-volume conditions.
Compression and Breakouts: Use compression zones to anticipate breakouts. Enable showBreakoutLabels and showfalseBreakoutLabels to monitor confirmed and failed breakouts.
Custom VWAP: Set a specific timeframe (e.g., 4 hours) for intraday trading or longer periods (e.g., 2 weeks) for swing trading. Enable showCustomSignalLabels for tailored signals.
Reversion Trading: Use reversion signals for mean-reversion strategies, especially in range-bound markets. Adjust devThreshold and pivotLength for sensitivity.
Tactical Panel: Use the detailed panel for a quick overview of market conditions. Compact mode is ideal for minimal screen clutter.
Alerts:
Set up alerts for:
Institutional Bias (Buy/Sell)
VWAP Compression (Start/End)
Basic Buy/Sell Signals
Reversion Signals (Buy/Sell)
Breakout Signals (Bullish/Bearish)
False Breakout Signals (Bullish/Bearish)
Custom VWAP Rebound Signals (Buy/Sell)
Weekly/Monthly/Yearly VWAP Rebound Signals
In TradingView, go to the Alerts tab, select the indicator, and choose the desired condition. Customize alert messages as needed.
Notes
Performance: The indicator uses max_bars_back=5000 and max_labels_count=500 to ensure compatibility with most assets. For low-liquidity assets, consider enabling useLiquidityFilter to avoid noisy signals.
Customization: Experiment with weights in the "Signal Weight Configuration" group to prioritize specific conditions (e.g., increase wReboundD for Daily VWAP rebounds).
Limitations: Signals are based on historical data and VWAP interactions. Always combine with other analysis tools and risk management strategies.
License: This indicator is released under the Mozilla Public License 2.0.
Vwapbounce
Dynamic Swing Anchored VWAP (Zeiierman)█ Overview
Dynamic Swing Anchored VWAP (Zeiierman) is a price–volume tool that anchors VWAP at fresh swing highs/lows and then adapts its responsiveness as conditions change. Instead of one static VWAP that drifts away over time, this indicator re-anchors at meaningful structure points (swings). It computes a decayed, volume-weighted average that can speed up in volatile markets and slow down during quiet periods.
Blending swing structure with an adaptive VWAP engine creates a fair-value path that stays aligned with current price behavior, making retests, pullbacks, and mean reversion opportunities easier to spot and trade.
█ How It Works
⚪ Swing Anchor Engine
The script scans for swing highs/lows using your Swing Period.
When market direction flips (new pivot confirmed), the indicator anchors a new VWAP at that pivot and starts tracking from there.
⚪ Adaptive VWAP Core
From each anchor , VWAP is computed using a decay model (recent price×volume matters more; older data matters less).
Adaptive Price Tracking lets you set the base responsiveness in “bars.” Lower = more reactive, higher = smoother.
Volatility Adjustment (ATR vs Avg ATR) can automatically speed up the VWAP during spikes and slow it during compression, so the line stays relevant to live conditions.
█ Why This Adaptive Approach Beats a Simple VWAP
Standard VWAP is cumulative from the anchor point. As time passes and volume accumulates, it often drifts far from current price, especially in prolonged trends or multi-session moves. That drift makes retests rare and unreliable.
Dynamic Swing Anchored VWAP solves this in two ways:
⚪ Event-Driven Anchoring (Swings):
By restarting at fresh swing highs/lows, the VWAP reference reflects today’s structure. You get frequent, meaningful retests because the anchor stays near the action.
⚪ Adaptive Responsiveness (Volatility-Aware):
Markets don’t move at one speed. When volatility expands, a fixed VWAP lags; when volatility contracts, it can overreact to noise. Here, the “tracking speed” can auto-adjust using ATR vs its average.
High Volatility → faster tracking: VWAP hugs price more tightly, preserving retest relevance.
Low Volatility → smoother tracking: VWAP filters chop and stays stable.
Result: A VWAP that follows price more accurately, creating plenty of credible retest opportunities and more trustworthy mean-reversion/continuation reads than a simple, ever-growing VWAP.
█ How to Use
⚪ S wing-Aware Fair Value
Use the VWAP as a dynamic fair-value guide that restarts at key structural pivots. Pullbacks to the VWAP after impulsive moves often provide retest entries.
⚪ Trend Trading
In trends, the adaptive VWAP will ride closer to price, offering continuation pullbacks.
█ Settings
Swing Period: Number of bars to confirm swing highs/lows. Larger = bigger, cleaner pivots (slower); smaller = more frequent pivots (noisier).
Adaptive Price Tracking: Sets the base reaction speed (in bars). Lower = faster, tighter to price; higher = smoother, slower.
Adapt APT by ATR ratio: When ON, the tracking speed auto-adjusts with market volatility (ATR vs its own average). High vol → faster; low vol → calmer.
Volatility Bias: Controls how strongly volatility affects the speed. >1 = stronger effect; <1 = lighter touch.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Smart MTF S/R Levels[BullByte]
Smart MTF S/R Levels
Introduction & Motivation
Support and Resistance (S/R) levels are the backbone of technical analysis. However, most traders face two major challenges:
Manual S/R Marking: Drawing S/R levels by hand is time-consuming, subjective, and often inconsistent.
Multi-Timeframe Blind Spots: Key S/R levels from higher or lower timeframes are often missed, leading to surprise reversals or missed opportunities.
Smart MTF S/R Levels was created to solve these problems. It is a fully automated, multi-timeframe, multi-method S/R detection and visualization tool, designed to give traders a complete, objective, and actionable view of the market’s most important price zones.
What Makes This Indicator Unique?
Multi-Timeframe Analysis: Simultaneously analyzes up to three user-selected timeframes, ensuring you never miss a critical S/R level from any timeframe.
Multi-Method Confluence: Integrates several respected S/R detection methods—Swings, Pivots, Fibonacci, Order Blocks, and Volume Profile—into a single, unified system.
Zone Clustering: Automatically merges nearby levels into “zones” to reduce clutter and highlight areas of true market consensus.
Confluence Scoring: Each zone is scored by the number of methods and timeframes in agreement, helping you instantly spot the most significant S/R areas.
Reaction Counting: Tracks how many times price has recently interacted with each zone, providing a real-world measure of its importance.
Customizable Dashboard: A real-time, on-chart table summarizes all key S/R zones, their origins, confluence, and proximity to price.
Smart Alerts: Get notified when price approaches high-confluence zones, so you never miss a critical trading opportunity.
Why Should a Trader Use This?
Objectivity: Removes subjectivity from S/R analysis by using algorithmic detection and clustering.
Efficiency: Saves hours of manual charting and reduces analysis fatigue.
Comprehensiveness: Ensures you are always aware of the most relevant S/R zones, regardless of your trading timeframe.
Actionability: The dashboard and alerts make it easy to act on the most important levels, improving trade timing and risk management.
Adaptability: Works for all asset classes (stocks, forex, crypto, futures) and all trading styles (scalping, swing, position).
The Gap This Indicator Fills
Most S/R indicators focus on a single method or timeframe, leading to incomplete analysis. Manual S/R marking is error-prone and inconsistent. This indicator fills the gap by:
Automating S/R detection across multiple timeframes and methods
Objectively scoring and ranking zones by confluence and reaction
Presenting all this information in a clear, actionable dashboard
How Does It Work? (Technical Logic)
1. Level Detection
For each selected timeframe, the script detects S/R levels using:
SW (Swing High/Low): Recent price pivots where reversals occurred.
Pivot: Classic floor trader pivots (P, S1, R1).
Fib (Fibonacci): Key retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) over the last 50 bars.
Bull OB / Bear OB: Institutional price zones based on bullish/bearish engulfing patterns.
VWAP / POC: Volume Weighted Average Price and Point of Control over the last 50 bars.
2. Level Clustering
Levels within a user-defined % distance are merged into a single “zone.”
Each zone records which methods and timeframes contributed to it.
3. Confluence & Reaction Scoring
Confluence: The number of unique methods/timeframes in agreement for a zone.
Reactions: The number of times price has touched or reversed at the zone in the recent past (user-defined lookback).
4. Filtering & Sorting
Only zones within a user-defined % of the current price are shown (to focus on actionable areas).
Zones can be sorted by confluence, reaction count, or proximity to price.
5. Visualization
Zones: Shaded boxes on the chart (green for support, red for resistance, blue for mixed).
Lines: Mark the exact level of each zone.
Labels: Show level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios.
Dashboard Table: Lists all nearby zones with full details.
6. Alerts
Optional alerts trigger when price approaches a zone with confluence above a user-set threshold.
Inputs & Customization (Explained for All Users)
Show Timeframe 1/2/3: Enable/disable analysis for each timeframe (e.g., 15m, 30m, 1h).
Show Swings/Pivots/Fibonacci/Order Blocks/Volume Profile: Select which S/R methods to include.
Show levels within X% of price: Only display zones near the current price (default: 3%).
How many swing highs/lows to show: Number of recent swings to include (default: 3).
Cluster levels within X%: Merge levels close together into a single zone (default: 0.25%).
Show Top N Zones: Limit the number of zones displayed (default: 8).
Bars to check for reactions: How far back to count price reactions (default: 100).
Sort Zones By: Choose how to rank zones in the dashboard (Confluence, Reactions, Distance).
Alert if Confluence >=: Set the minimum confluence score for alerts (default: 3).
Zone Box Width/Line Length/Label Offset: Control the appearance of zones and labels.
Dashboard Size/Location: Customize the dashboard table.
How to Read the Output
Shaded Boxes: Represent S/R zones. The color indicates type (green = support, red = resistance, blue = mixed).
Lines: Mark the precise level of each zone.
Labels: Show the level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios.
Dashboard Table: Columns include:
Level: Price of the zone
Methods (by TF): Which S/R methods and how many, per timeframe (see abbreviation key below)
Type: Support, Resistance, or Mixed
Confl.: Confluence score (higher = more significant)
React.: Number of recent price reactions
Dist %: Distance from current price (in %)
Abbreviations Used
SW = Swing High/Low (recent price pivots where reversals occurred)
Fib = Fibonacci Level (key retracement levels such as 0.236, 0.382, 0.5, 0.618, 0.786)
VWAP = Volume Weighted Average Price (price level weighted by volume)
POC = Point of Control (price level with the highest traded volume)
Bull OB = Bullish Order Block (institutional support zone from bullish price action)
Bear OB = Bearish Order Block (institutional resistance zone from bearish price action)
Pivot = Pivot Point (classic floor trader pivots: P, S1, R1)
These abbreviations appear in the dashboard and chart labels for clarity.
Example: How to Read the Dashboard and Labels (from the chart above)
Suppose you are trading BTCUSDT on a 15-minute chart. The dashboard at the top right shows several S/R zones, each with a breakdown of which timeframes and methods contributed to their detection:
Resistance zone at 119257.11:
The dashboard shows:
5m (1 SW), 15m (2 SW), 1h (3 SW)
This means the level 119257.11 was identified as a resistance zone by one swing high (SW) on the 5-minute timeframe, two swing highs on the 15-minute timeframe, and three swing highs on the 1-hour timeframe. The confluence score is 6 (total number of method/timeframe hits), and there has been 1 recent price reaction at this level. This suggests 119257.11 is a strong resistance zone, confirmed by multiple swing highs across all selected timeframes.
Mixed zone at 118767.97:
The dashboard shows:
5m (2 SW), 15m (2 SW)
This means the level 118767.97 was identified by two swing points on both the 5-minute and 15-minute timeframes. The confluence score is 4, and there have been 19 recent price reactions at this level, indicating it is a highly reactive zone.
Support zone at 117411.35:
The dashboard shows:
5m (2 SW), 1h (2 SW)
This means the level 117411.35 was identified as a support zone by two swing lows on the 5-minute timeframe and two swing lows on the 1-hour timeframe. The confluence score is 4, and there have been 2 recent price reactions at this level.
Mixed zone at 118291.45:
The dashboard shows:
15m (1 SW, 1 VWAP), 5m (1 VWAP), 1h (1 VWAP)
This means the level 118291.45 was identified by a swing and VWAP on the 15-minute timeframe, and by VWAP on both the 5-minute and 1-hour timeframes. The confluence score is 4, and there have been 12 recent price reactions at this level.
Support zone at 117103.10:
The dashboard shows:
15m (1 SW), 1h (1 SW)
This means the level 117103.10 was identified by a single swing low on both the 15-minute and 1-hour timeframes. The confluence score is 2, and there have been no recent price reactions at this level.
Resistance zone at 117899.33:
The dashboard shows:
5m (1 SW)
This means the level 117899.33 was identified by a single swing high on the 5-minute timeframe. The confluence score is 1, and there have been no recent price reactions at this level.
How to use this:
Zones with higher confluence (more methods and timeframes in agreement) and more recent reactions are generally more significant. For example, the resistance at 119257.11 is much stronger than the resistance at 117899.33, and the mixed zone at 118767.97 has shown the most recent price reactions, making it a key area to watch for potential reversals or breakouts.
Tip:
“SW” stands for Swing High/Low, and “VWAP” stands for Volume Weighted Average Price.
The format 15m (2 SW) means two swing points were detected on the 15-minute timeframe.
Best Practices & Recommendations
Use with Other Tools: This indicator is most powerful when combined with your own price action analysis and risk management.
Adjust Settings: Experiment with timeframes, clustering, and methods to suit your trading style and the asset’s volatility.
Watch for High Confluence: Zones with higher confluence and more reactions are generally more significant.
Limitations
No Future Prediction: The indicator does not predict future price movement; it highlights areas where price is statistically more likely to react.
Not a Standalone System: Should be used as part of a broader trading plan.
Historical Data: Reaction counts are based on historical price action and may not always repeat.
Disclaimer
This indicator is a technical analysis tool and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and past performance is not indicative of future results. Always use proper risk management and consult a financial advisor if needed.
Sniper Mini VWAPThis script plots dynamic, session-based VWAPs for key intraday timeframes:
1H (green), 4H (orange), 8H (purple), and Daily (red).
Each VWAP resets at the start of its own session, giving traders a real-time view of price relative to average volume-weighted value. These lines often act as intraday support, resistance, or liquidity magnets — great for scalping, fade setups, and sniper-style entries.
You can toggle each VWAP on or off for a cleaner chart.
This version does not use anchored VWAPs — it’s designed for traders who need fast feedback as price develops within active sessions.
Bitcoin Institutional Volume AnchorsBitcoin Institutional Volume Anchors
Indicator Overview:
The Bitcoin Institutional Volume Anchors indicator is a professional-grade VWAP analysis tool designed for sophisticated Bitcoin trading strategies. It tracks two critical volume-weighted average price levels anchored to fundamental market structure events that drive Bitcoin's multi-year cycles.
-Orange Line (Halving Anchor): Volume-weighted average price from April 19, 2024 halving event
-Blue Line (Cycle Low Anchor): Volume-weighted average price from November 21, 2022 cycle bottom
These anchors represent the average price institutional and professional traders have paid since Bitcoin's most significant supply-side catalyst (halving) and demand-side reset (cycle low).
Market Interpretation Framework:
Price Above Both Anchors - Institutional Bullish
-Strong institutional accumulation confirmed
-Majority of professional money profitable since key events
-Optimal environment for long-term position building
-Risk-on institutional sentiment
Price Between Anchors - Transition Phase
-Mixed institutional signals requiring careful analysis
-Appropriate for reduced position sizing
-Monitor for directional confirmation
-Tactical rebalancing opportunity
Price Below Both Anchors - Institutional Bearish
-Professional money underperforming key levels
-Heightened risk management protocols required
-Defensive positioning appropriate
-Await institutional re-accumulation signals
Standard Deviation Band Analysis:
Gray Bands (2σ): Statistical volatility boundaries
-Represent normal price excursions from institutional fair value
-Used for tactical profit-taking and position scaling
-Indicate elevated but manageable risk levels
Colored Bands (3σ): Extreme volatility boundaries
-Orange/Blue bands corresponding to respective VWAP anchors
-Represent statistically extreme price extensions
-High-probability reversal or exhaustion zones
-Critical risk management triggers
Professional Trading Applications:
Portfolio Allocation Framework
Maximum Allocation (70-100%)
-Price above both anchors with upward trending VWAPs
-Recent bounce from either anchor level
-Recovery to fair value after extreme extension
Standard Allocation (40-70%)
-Price above anchors but approaching 2σ bands
-Consolidation near anchor levels
-Confirmed institutional trend changes
Reduced Allocation (20-40%)
-Price at 2σ extension levels
-Below one anchor but above the other
-Conflicting VWAP trend signals
Defensive Allocation (10-25%)
-Price at 3σ extreme levels
-Below both institutional anchors
-Overextended risk conditions (>30-35% above anchors)
Entry Signal Hierarchy:
Tier 1 Signals (Highest Probability)
-Bounce from Cycle Low Anchor during uptrend
-Cross above both anchors with volume confirmation
-Recovery to fair value after 20%+ extension
Tier 2 Signals (Standard Probability)
-Bounce from Halving Anchor during uptrend
-Trend change confirmation in VWAP slope
-2σ band rejection with momentum
Tier 3 Signals (Lower Probability)
-Entries near 2σ extension levels
-Counter-trend plays against institutional flow
-High-risk momentum trades at extremes
Risk Management Protocol:
Stop Loss Guidelines
-Halving Anchor entries: 3% below anchor level
-Cycle Low Anchor entries: 4% below anchor level
-Extension trades: 2% below current level
-Trend change trades: Below invalidation anchor
Profit Taking Strategy
-25-40% profits at 2σ bands
-50-70% profits at 3σ bands
-Trailing stops below higher timeframe anchor levels
-Complete exits on institutional trend reversals
Alert System Integration:
The indicator provides institutional-grade alert notifications with:
-Precise entry and exit levels
-Position sizing recommendations
-Historical win rate data
-Risk/reward calculations
-Stop loss and target guidelines
-Timeframe expectations
-Volume confirmation requirements
Implementation Notes
-Timeframe Suitability: Daily charts recommended for primary analysis
-Asset Specificity: Optimized exclusively for Bitcoin spot markets
-Volume Consideration: Higher volume enhances signal reliability
-Market Context: Most effective during trending market conditions
-Institutional Alignment: Designed for professional risk management standards
-Key Performance Metrics
Based on historical backtesting:
-Overall Win Rate: 74% for primary signals
-Risk Reduction: 31% drawdown improvement vs buy-and-hold
-Signal Accuracy: 85% at extreme (3σ) levels
-Optimal Timeframe: 1-12 week holding periods
-Best Performance: April 2024 - January 2025 period
This indicator is designed for professional traders and institutional investors who require sophisticated market analysis tools with quantified risk parameters and historically validated performance metrics.
ZenAlgo - LevelsThis script combines multiple anchored Volume-Weighted Average Price (VWAP) calculations into a single tool, providing a continuous record of past VWAP levels and highlighting when price has tested them. Typically, VWAP indicators show only the current VWAP for a single anchor period, requiring you to either keep re-anchoring manually or juggle multiple instances of different VWAP tools for each timeframe. By contrast, this script automatically tracks both the ongoing VWAP and previously completed VWAP values, along with real-time detection of “tests” (when price crosses a particular VWAP level). It’s especially valuable for traders who want to see how price has interacted with VWAP over several sessions, weeks, or months—without switching between separate indicators or manually setting anchors.
Below is a comprehensive explanation of each component, why multiple VWAP lines working together can be more informative than a single line, and how to adjust the script for various markets and trading styles:
Primary VWAP vs. Historical VWAP Lines - Standard VWAP indicators typically focus on the current line only. This script also calculates a primary VWAP, but it “locks in” each completed VWAP value when a new time anchor is detected (e.g., new weekly bar, new monthly bar, new session). As a result, you retain an ongoing history of VWAP lines for every completed anchored period. This is more powerful than manually setting up multiple VWAP tools—one for each desired timeframe—because everything is handled in a single script. You avoid chart clutter and the risk of forgetting to reset your manual VWAP at the correct bar.
Why Combine Multiple Anchored VWAP Lines in One Script? - Viewing several anchored VWAP lines together offers synergy . You see not only the current VWAP but also previous ones from different sessions or months, all within the same chart pane. This synergy becomes apparent if multiple historical VWAP lines cluster near the same price level, indicating a potentially significant zone of volume-based support or resistance. Handling this manually would involve repeatedly setting separate VWAP indicators, each reset at specific points, which is time-consuming and prone to error. In this script, the process is automated: as soon as the anchor changes, a completed VWAP line is stored so you can observe how price eventually reacts to it, repeatedly or not at all.
Automated “Test” Detection - Once a historical VWAP line is set, the script tracks when price crosses it in subsequent bars. If the high and low of a bar span that line, the script marks it in red (both the line and its label). It also keeps a counter of how many times each line has been tested. This method goes beyond a simple visual approach by quantifying the retests. Because all these lines are created and managed in one place, you don’t have to manually label the lines or check them one by one.
Advantages Over Manually Setting Multiple VWAPs
You save screen space: Instead of layering several VWAP indicators, each with unique settings, this single script plots them all on one overlay.
Automation: When a new anchor period begins, the script “closes out” the old VWAP and starts a new one. You never need to remember to reset it manually.
Retest Visualization: The script not only draws each line but also changes color and updates the label automatically if a line gets tested. Doing this by hand would be labor-intensive.
Unified Parameters: All settings (e.g., array size, max distance, test count limit) apply uniformly. You can manage them from one place, instead of configuring multiple separate tools.
Extended Insight with Multiple VWAP Lines
Since VWAP reflects the volume-weighted average price for each chosen period, historical lines can show zones where the market had a fair-value consensus in previous intervals. When the script preserves these lines, you see potential support/resistance areas more distinctly. If, for instance, price continually pivots around an old VWAP line, that may reveal a strong volume-based level. With several older VWAP lines on the chart, you gain an immediate sense of where these volume-derived averages have appeared and how price reacted over time. This wider perspective often proves more revealing than a single “current” VWAP line that does not reflect previous anchor sessions.
Handling of Illiquid Markets and Volume Limitations
VWAP is inherently tied to volume data, so its reliability decreases if volume reporting is missing or if the asset trades with very low liquidity. In such cases, a single large trade might momentarily skew the VWAP, resulting in “false” test signals when the high/low range intersects an abnormal price swing. If you suspect the data is incomplete or the market is unusually thin, it’s wise to confirm the validity of these VWAP lines before using them for any decision-making. Additionally, unusual market conditions—like after-hours trading or sudden high-volatility events—may cause VWAP to shift quickly, setting up multiple lines in a short time.
Key User-Configurable Settings
Hide VWAP on Day timeframe and above : Lets you disable the primary VWAP plot on daily or higher timeframes for a cleaner view.
Anchor Period : Select from Session, Week, Month, Quarter, Year, Decade or Century. Controls how frequently the script resets and preserves the VWAP line.
Offset : Moves the current VWAP line by a specified number of bars if you need a shifted perspective.
Max Array Size : Caps how many past VWAP lines the script will remember. Prevents clutter if you’re charting very long histories.
Max Distance : Defines how far back (in bar index units) a line is kept. If a line’s start bar is older than this threshold, it’s removed, keeping the chart uncluttered.
Max Red Labels : Limits the number of tested (red) VWAP lines that appear. If price tests a large number of old lines, only the newest red labels remain once you hit the set limit.
Workflow Overview
As soon as a new anchor period begins (e.g., a new weekly candle if “Week” is chosen), the script ends the current VWAP and stores that final value in its internal arrays.
It creates a dotted line and label representing the completed VWAP, and keeps track of whether it has been tested or not.
Subsequent bars may then cross that line. If a bar’s high/low includes the line’s value, it’s flagged as tested, labeled red, and a test counter increases.
As new anchored periods come, old lines remain visible—unless they fall outside your maxDistance or you exceed the maximum stored line count.
Real-World Benefits
Combining multiple VWAP lines—ranging, for example, from session-based lines for intraday perspectives to monthly or quarterly lines for broader context—provides a layered view of the volume-based fair price. This can help you quickly spot zones where price repeatedly intersects old VWAPs, potentially highlighting where bulls or bears took action historically. Because this script automates the management of all these lines and flags their retests, it removes a great deal of repetitive manual work that would typically accompany multiple, separate VWAP indicators set to different anchors.
Limitations & Practical Use
As with any volume-related tool, the script depends on reliable volume data. Assets trading on smaller venues or during illiquid periods may produce spurious signals. The script does not signal buy or sell decisions; rather, it helps visually map out where volume-weighted averages from previous periods might still be relevant to market behavior. Always combine the insight from these historical VWAP lines with your existing analytical approach or other technical and fundamental tools you use.
Conclusion
This script unifies past and present VWAP lines into one overlay, automatically detecting new anchor resets, storing the final VWAP values, and indicating whenever old lines are retested by price. It offers synergy through the simultaneous display of multiple historical VWAP lines, making it quicker and easier to detect potential support/resistance zones and better reflect changing market volumes over time. You no longer need to manually create, configure, or reset multiple VWAP indicators. Instead, the script handles all aspects of line creation, retest detection, and clutter management, giving you a robust framework to observe how historical VWAP data aligns with current price action.
By understanding the significance of multiple anchored VWAP lines, you can assess market structure from multiple angles in a single view. As always, ensure you confirm the reliability of the volume data for your particular asset and use these lines in conjunction with other analyses to form a well-rounded perspective on current market behavior.
N day Anchored Rolling VWAP
⭐ Overview
The N-Day Anchored Rolling VWAP is designed to automate and simplify the use of anchored VWAP for traders, making it an invaluable tool for those who rely on VWAP for trend filtering, support/resistance identification, or strategy implementation. This indicator removes the tedious and repetitive manual process of setting the anchored VWAP for multiple charts or stocks in a watchlist. Once added, the indicator dynamically maintains and updates the anchor point across charts, allowing users to focus on their analysis instead of time-consuming adjustments.
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⭐ Goal of the Indicator
The primary goal of this indicator is to automate the manual process of anchoring the VWAP for multiple charts or stocks. By removing the need to manually set the anchor every day, this script simplifies the workflow and saves valuable time for traders.
The examples and chart illustrations provided showcases some of the most common and widely used ways traders utilize anchored VWAP in their strategies. They are intended as demonstrations, not exhaustive applications, as specific use cases may vary based on individual trading approaches.
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⭐ Why the Name?
1).N-Day Anchored:
The term "N-Day Anchored" reflects the flexibility of the anchor point. Users can specify the number of days prior to the present day where the VWAP calculation should begin. For
example:
🟢"0" anchors the VWAP to the current day's opening.
🟢"1" anchor it to the previous day's opening.
🟢"2" anchors it to the day before yesterday, and so on.
2).Rolling:
The "Rolling" aspect signifies that the anchor point remains consistent relative to the current day. For instance:
If the anchor is set to the day before yesterday, the indicator will continuously adjust to
ensure the anchor remains two days prior, even as new trading days begin. This means the
lines plotted always reflect the VWAP anchored to the chosen
relative day, regardless of how many days have passed.
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⭐ Inputs, Settings, and Functionality
1). Anchor Point (Days Prior): Use the "Days prior" input to set the anchor point for VWAP:
🟢"0": Anchors the VWAP to the start of the current day's trading session.
🟢"1": (default): Anchors the VWAP to the start of the previous day's trading session.
🟢"2": Anchors the VWAP to the day before yesterday, and so on.
This input determines the starting point for the VWAP calculation and updates dynamically each day.
2). VWAP Line Customization: The orange dashed line represents the anchored VWAP.
You can adjust its color through the input’s menu.
3). Standard Deviation Bands:
⭕ Three Bands: The indicator plots three upper and three lower bands to represent standard deviation levels from the VWAP.
➡️ On the current day, these bands are plotted as thick, solid lines with bright colors, providing clear real-time plotting.
➡️ On historical days, the bands appear as faint, dotted lines, offering a visual
representation of the anchored VWAP without cluttering the chart.
⭕ Customizable Settings:
➡️Multiplier: Set the distance of each band from the VWAP.
➡️Colors: Choose separate colors for the upper and lower bands.
➡️Visibility Toggle: Enable or disable specific bands as needed.
This clear differentiation ensures traders can easily distinguish between real-time plotting (current day) and the visualization of historical anchoring.
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⭐ Example Use Cases
1). Trend Filter: Use the anchored VWAP as a trend filter:
➡️When the price is above the anchored VWAP, the trend is bullish.
➡️When the price is below the anchored VWAP, the trend is bearish.
2). 2-Day Anchored VWAP Strategy: This strategy uses the VWAP anchored to the
previous day’s opening candle, continuing through today’s price action. Traders can
identify entry and exit points based on how the price interacts with this 2-day anchored VWAP.
3). Standard Deviation Bands as Support or Resistance: Utilize the standard deviation
bands to find potential support and resistance levels, as prices often react near these
bands.
4). VWAP Rejection (VWAP Bounce): Look for rejections near the anchored VWAP to
confirm a continuation of the current trend. For example, if the price rejects the 2-day
anchored VWAP, it can signal a strong continuation in the current trend direction.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Session VWAPS [QuantVue]The Session VWAPS indicator is a designed for traders to enhance their trading analysis by incorporating Volume Weighted Average Price (VWAP) anchored to custom-defined trading sessions.
This indicator automatically plots VWAPs at three critical points of a user defined session:
🔹session start
🔹session high
🔹session low
Additionally, it provides the option to display the VWAPs from previous sessions, offering a look at potential areas of support and resistance.
Anchored VWAP, or Anchored Volume-Weighted Average Price, is a technical analysis tool used to determine the average price of a stock weighted by volume, starting from a specific point in time chosen by the analyst.
Unlike traditional VWAP, which starts at the beginning of the trading session, the anchored VWAP allows traders to select any point on the chart, such as a significant event, price low, high, or a breakout, to begin the calculation.
VWAP incorporates price and volume in a weighted average and can be used to identify areas of support and resistance on the chart.
Indicator Features:
Custom Session Definition:
Users can define their own trading sessions by specifying start and end times, allowing for tailored analysis according to individual trading strategies or market hours.
Anchored VWAP at Three Key Points:
🔹Session Start VWAP: This VWAP is anchored at the start of the defined session.
🔹Session High VWAP: Anchored at the highest price point within the session.
🔹Session Low VWAP: Anchored at the lowest price point within the session.
Previous Session VWAPs:
The indicator can display VWAPs from the previous session, allowing traders to spot potential areas of support and resistance.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Consolidation VWAP's [QuantVue]Introducing the Consolidation VWAP's Indicator , a powerful tool designed to identify consolidation periods in stock advance and automatically anchor three distinct VWAPs to key points within the consolidation.
Consolidation Period Identification:
The indicator automatically detects periods of consolidation or areas on the chart where a stock's price moves sideways within a defined range. This period can be seen as the market taking a "breather" as it digests the previous gains. Consolidations are important because they often act as a base for the next move, either continuing the previous uptrend or reversing direction.
Consolidation requirements can be customized by the user to match your instrument and timeframe.
Maximum Consolidation Depth
Minimum Consolidation Length
Maximum Consolidation Length
Prior Uptrend Amount
Anchored VWAP, or Anchored Volume-Weighted Average Price, is a technical analysis tool used to determine the average price of a stock weighted by volume, starting from a specific point in time chosen by the analyst.
Unlike traditional VWAP, which starts at the beginning of the trading session, the anchored VWAP allows traders to select any point on the chart, such as a significant event, price low, high, or a breakout, to begin the calculation.
VWAP incorporates price and volume in a weighted average and can be used to identify areas of support and resistance on the chart.
VWAP Anchored to Consolidation High: This VWAP is anchored at the highest price point within the identified consolidation period. It helps traders understand the
average price paid by buyers who entered at the peak of the consolidation.
VWAP Anchored to Consolidation Low: This VWAP is anchored at the lowest price point within the consolidation. It provides insights into the average price paid by
buyers who entered at the lowest point of the consolidation.
VWAP Anchored to Highest Volume in the Consolidation: This VWAP is anchored at the price level with the highest trading volume during the consolidation. It reflects the average price at
which the most trading activity occurred, often indicating a key support or resistance level.
The indicator also allows the trader to see past consolidation areas and previous anchored VWAP's.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
VWAP with CharacterizationThis indicator is a visual representation of the VWAP (Volume Weighted Average Price), it calculates the weighted average price based on trading volume. Essentially, it provides a measure of the average price at which an asset has traded during a given period, but with a particular focus on trading volume. In our case, the indicator calculates the VWAP for the current trading symbol, using a predefined simple moving average (SMA) with a period of 14. This volume-weighted moving average offers a clearer view of the behavior of the VWAP and, of consequence of market dynamics.
One of the distinctive features of this indicator is its ability to provide a more "linear" representation of the data. This means that the data is "smoothed" to remove noise, allowing you to more easily identify the direction of the market trend. This smoother representation is especially useful because the financial market can be subject to significant fluctuations and volatility, and this indicator can help get a more stable view of the trend.
The indicator also offers a visualization of the market trend in a very intuitive way. Using an evaluation of the highs and lows of the last 10 days, determine whether the market is in an uptrend, downtrend, or no trend at all. To make this evaluation even clearer and more immediate, the indicator line is colored dynamically. When the trend is bullish, the line is blue, while in case of a bearish trend, it takes on a distinctive color, such as pink. If the trend is not defined, the line will be colored differently, for example light yellow. This coloration gives traders an immediate visual indication of the prevailing trend, allowing them to make more informed decisions regarding trading operations.
One potential strategy involves watching candles when they cross the VWAP line strongly. If, for example, a candlestick breaks above the VWAP line, we may look for retest areas near key support levels to gauge a potential long entry. In other words, we would consider that the price may have the potential to rise further after breaking above the VWAP line, and we would look to enter a long position to take advantage of this opportunity.
On the other hand, if a candlestick crosses below the VWAP line, we might consider looking for retest areas near the VWAP line itself, which now serves as potential resistance. This could indicate a possible short entry opportunity, as the price may struggle to break above the resistance represented by the VWAP line after breaking it down. In this case, we would look to take advantage of the expected continuation of the downtrend.
In both cases, the idea is to exploit significant movements across the VWAP line as signals of potential reversal or continuation of the trend. This strategy can help identify key entry points based on price behavior relative to the VWAP line.
VWAP angle TrendThe VWAP Angle Trend is an indicator built with the aim of providing valuable insights into the reversal points of the #VWAP using Angle
This is achieved by calculating the angle between the current VWAP and its previous value over a customizable lookback period and normalizing it with ATR
By analyzing the angle, we can gain an understanding of the strength and direction of the VWAP, which can help them identify potential trend reversals or continuations.
After observing the market over a lengthy period, I have come to realize that as the angle increases above 65 or decreases under -65 , it confirms a higher likelihood of a trend reversal.
the indicator highlights these zones where a trend reversal is more likely to occur.
The indicator can help you to assess the strength and direction of VWAP, enabling you to make more informed trading decisions.
By identifying periods of strong momentum or potential exhaustion, you can seek opportunities for entering or exiting positions, and potentially capitalize on trend movements in the market.
RD Key Levels (Weekly, Daily, Previous vWAP)The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close.
These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns.
First, I'll cover an overview of the indicator then I'll share general usage tips.
Weekly Open - default is white/orange. White is when price is above the weekly open. Orange is when price is below the weekly open.
Weekly High/Low - there are options to turn on the weekly high and lows. Default plot is circles. Green is the high. Red is the low.
Daily Open - default is green/red. Green is when price is above the daily open. Red is when price is below the daily open.
Previous vWAPs - aqua single lines. These are the closing price of the daily vWAPs.
Top Indicators - The triangles at the top of the chart signify is price is currently above or below the weekly open. This is helpful on lower timeframe charts (5m, 15m) to get a quick indication when price is far extended beyond the weekly open. Green triangle = above weekly open. Red triangle = below weekly open.
General Usage
Each one of these levels are important levels markets look use for continuation or failure of momentum and bias. I also find it extremely helpful to think of these levels as magnets, dual magnets. They both attract and repel price at the same time. Now you might say, how is that helpful to have opposing views at the same time? Be indifferent to direction, create your own rules on when these price zones repel or attract price, I have my own.
Here's the easiest way to use these price levels.
As price approaches one of these levels to expect a reaction. A reaction is price is going in one direction and price hits a price level zone and reacts in the opposite direction.
These are price zones, sometimes you will see a reaction right at the price but visualize these areas as zones of reaction.
A high percentage of the time when price approaches these level zones there will be a reaction. So trade the reaction .
How do you do that?
Simple. Trade patterns that repeat. I have 3 solid patterns I trade around these key levels:
The first pattern is early entry with precise scale in rules and a very effective protective stop loss placement.
The second pattern is wait for confirmation that the level holds. This requires more patience and for you to fully trust the chart. The benefit of this pattern is with confirmation you have even more precise stop placement.
There is a bonus third pattern I trade around these levels. I call this the confirmation and bluff entry. It's a combination of both of the patterns above. You wait for confirmation but on any pull back you call the bluff on the market and enter on key test. Trade management here is critical. In addition to the pattern you trade you should have a series of failure patterns that tell you to get out of the trade, I use 2 primary failure patterns.
I trade all markets, same system, same rules, so I'll show a few examples.
Usually I start with Bitcoin but let's start with equities:
BA - Boeing - 8 Trades
Here we see weekly low patterns, previous week low test, vwAP hold patterns, day magnets and day holding. Then 2 week failures and a double hold pattern.
These are all straightforward trades to execute following really simple patterns.
BTCUSD Previous vWAP and Day Open Trades
We see here on the circle areas both daily open and previous day vWAP zone tests. Within this chart are all 3 highly effective patterns I trade.
SPY - 7 High Probability Trades
Here we see a pDay vWAP mixed with a daily failure. Next a daily retest, then a pDay vWAP failure, then a vWAP capture and test. Then a double weekly failure test (great trade there) and finally a daily test.
I could provide more examples but most are just derivatives of the above examples.
VWAP Previous VWAP WMQY StdDev Extensions Nadro StyleDisplays Multi-TF VWAP with Std Dev Bands.
Developing VWAP and Std Dev Bands
Previous VWAP and Std Dev Bands
Previous VWAP Extensions
Some Examples
Candle Level of VWAP [By MUQWISHI]The " Price of Volume Weighted Average Price " (PVWAP) indicator calculates the VWAP standard deviation of bar price.
Features:
1. Ability to smooth the "Price of Volume Weighted Average Price" line.
2. Ability to choose the anchor period (timeframes).
Let me know if you have any questions.
Thanks.
Bogdan Ciocoiu - Sniper EntryWhat is Sniper Entry
Sniper Entry is a set indicator that encapsulates a collection of pre-configured scripts using specific variables that enable users to extract signals by interpreting market behaviour quickly, suitable for 1-3min scalping. This instrument is a tool that acts as a confluence for traders to make decisions concerning current market conditions. This indicator does not apply solely to an asset.
What Sniper Entry is not
Sniper Entry is not interpreting fundamental analysis and will also not be providing out of box market signals. Instead, it will provide a collection of integrated and significantly improved open-source subscripts designed to help traders speculate on market trends. Traders must apply their strategies and configure Sniper Entry accordingly to maximise the script's output.
Originality and usefulness
The collection of subscripts encapsulated in this tool makes it unique in the Trading View ecosystem. This indicator enables traders to consider entry positions or exit positions by comparing similar algorithms at once.
Its usefulness also emerges from the unique configurations embedded in the indicator's settings, which are different from those of the original scripts.
This indicator's originality is also reflected in how its modules are integrated, including the integration of the settings.
Open-source reuse
I used the following open-source resources, which I simplified significantly and pre-configured for short term scalping. The source codes for the below are already in the public domain, including the following links listed below.
www.tradingview.com (open source)
(open source and generic algorithm)
www.tradingview.com (open source)
(open source)
(open source)
www.tradingview.com (generic MA algorithm and open source)
(generic VWAP algorithm and open source)
VWAP From Multiple Sources With Cloud & Percentage GapVWAP CLOUD FROM CLOSE, OPEN, HIGH & LOW SOURCES WITH CLOUD & PERCENTAGE GAP
VWAP stands for volume weighted average price and shows the average price of buys/sells based on volume traded across the current session. This VWAP is based off of the Daily session.
***HOW TO USE***
Use the purple cloud between the VWAPs as your entry points as price will typically bounce from that cloud area.
The Yellow Line is the VWAP using the close price as a source.
The Green Line is the VWAP using the open price as a source.
The Blue Line is the VWAP using the high price as a source.
The Purple Line is the VWAP using the low price as a source.
When price is above the VWAP cloud, the background will paint green because the trend is bullish.
When price is below the VWAP cloud, the background will paint red because the trend is bearish.
In the bottom right hand corner, three is a table that will show you the current percentage gap between current price and the VWAP using close as the source.
All sources and colors can be easily switched in the settings menu.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This vwap indicator can be used on all timeframes but is calculated using the daily session.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Directional Movement Index, Momentum, Auto Support And Resistance and Money Flow Index in combination with this VWAP Cloud. The other indicators all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Multi Day vWAP (Customizable) with AverageIntroducing the Multi-Day vWAP indicator that is fully customizable with average indicator option.
High level overview (default settings):
Default is 10 plots with each setting 1 day apart (1-10 day look back)
Labels for each plot are turned on by default (labels will default to your value, more below)
Use Style tab in options to change colors, plot style, and turn on/off individual plots
Average is turned off by default (style panel will show it's on-- go to Inputs panel and select "Show vWAP Average" to turn on)
Best use case is go to Visibility Panel in options and turn off for Days, Weeks, and Months
To turn off all labels at once go to Style tab and unselect "Labels" checkbox
If you want plots to be as small as possible in Inputs panel set the Plot Width to 0 (zero)
Detail Overview
This indicator will plot your custom daily vWAP values.
You can change the lookback period. If you change the lookback period the label will match your custom value.
For instance, if you change vWAP 1 value to "5", the label for this plot will be 5.
Average Notes:
The average will average all the vWAP values by the divisor. The default is to average all values by 10.
The average will always start to plot from the shortest lookback period. It is not possible to have the average plot before that point.
Trading Tips (default settings)
The simple way to use the vWAP is to treat them as magnets.
For intance,
Generally if price is trading below all the vWAP plots the chart is in a momentum short enviroment. All vWAP areas can be used for upside resistance/reaction areas.
If price is trading above the chart is in a momentum long enviroment and pullbacks can to vWAP levels can be looked as areas of support/reaction.
For instance:
Price is above the current day vWAP and looking to test the previous day vWAP value.
As it approaches the 2 value you are expecting this area to be a reaction area (good trade entry area) for a continuation short trade. Possibly to check back into the current day vWAP value.
I should share that this is a simple way to trade with the vWAP (true success with vWAP is understanding that price trades in vWAP channels).
Stacking and Strong Momentum
The other pattern you should look for is stacking.
For instance on this CL chart:
This chart is strong momentum long.
All 10 day vWAP plots are stacked on top of each other.
Previous action tested below all vWAPs. Price traded thru and came back and retested. Finally closing above all and above the vWAP avearge (red).
When the day vWAP was broke the next target you look for is the 2 vWAP. This reaction area held up and momentum long continued and continuing to trade above current day vWAP.
7 Day Rolling Example (Larger Timeframe)
Another great way to use this indicator is to customize the values for rolling 7 days (5 days for cash markets).
To do this set values to: 7, 14, 21, 28, 35, 42, 49, 56, 63, 70
For instance, this BTC chart:
This chart provides a good example of what you'll find when a chart is at a pivot point.
Price is checking in at the average to remain momentum long.
Upside longer term vWAP plots have been tested and had expected reaction.
Price is trading above the shorter term values.
Simple TA here will note if chart continues to trade above and takes out upper vWAPs long momentum is gaining ground.
On the downside if price trades thru the lower vWAP plots you would expect further downside. In this scenario you would be mindful to expect upside tests before (which could be good entry/reaction areas).
NQ example with 7 day values:
Overall chart is momentum short.
7 is above 14, 21
Maybe early sign of bottom.
If price takes out these values and holds above the buyers have quite a few challenges above.
NEXT Regressive VWAPOverview:
This version of the Volume-Weighted Average Price (VWAP) indicator features an extended algorithm, which, in addition to volume and price, also incorporates regression analysis. The result is a more responsive, often leading VWAP slope with a degree of statistical predictability built in. Just like with the original VWAP, NEXT Regressive VWAP offers two optional Standard Deviation bands that parallel it. These can be set to any deviation level, with the default being 1 and -1, indicating one standard deviation above and one below Regressive VWAP, respectively.
Below is a screenshot comparing NEXT Regressive VWAP (green) to the original VWAP (blue) on CME_MINI:ES1! M3 chart.
Application and Strategy Ideas:
Price above NEXT Regressive VWAP is interpreted to have a bullish bias, and below, bearish. You can use TradingView's native Set Alert functionality to be notified, in real-time, when price crosses Regressive VWAP, and/or any of its standard deviation bands. Another popular "probability play" strategy is to scalp price when it crosses under the upper band (short) and crosses over the lower band (long). The screenshot below visualizes such a strategy on NASDAQ:QQQ M1 chart:
Input Parameters:
There are 3 groups of input.
Regression Settings
Length - controls the length of time (in bars) for regression analysis with higher values yielding smoother, more responsive values.
Regression Weighting - controls the degree of regression analysis incorporated into VWAP, with 5 being average, 0-4 less, 6-10 more. The higher the value, the more responsive the Regressive VWAP curve.
VWAP Settings
Anchor Period - controls the origin of VWAP calculations, start of session being the default.
Source - data used for calculating the VWAP, typically HLC/3, but can be used with other price formats and data sources as well.
Offset - shifting of the VWAP line forward (+) or backward (-).
Standard Deviation Bands Settings
Calculate Bands - checking this will add 2 bands, each equidistant (by the amount of Multiplier) from the NEXT Regressive VWAP line.
Bands Multiplier - standard deviation multiplier, with 1 being the default
Signals and Alerts:
Here is how to set price (close) crossing NEXT Regressive VWAP alerts: open a chart, attach NEXT Regressive VWAP, and right-click on chart -> Add Alert. Condition: Symbol e.g. ES (close) >> Crossing >> Regressive VWAP >> VWAP >> Once Per Bar Close.
Multi Range VWAP PivotsMulti Range VWAP Pivots turned out to be one of my most accurate pivot indicators to date!
Multi Range VWAP Pivots works by recognizing the high and low of the timeframe selected (D, W, M, 6M, and 12M) and plotting range high to VWAP averages and range low to VWAP averages.
After further examination of each completed range, I came to the conclusion that due to the nature of averages, high and low respectively would need to be completed within the current range, for the averages to actually display pivots correctly. This means that if all averages appear to be "pivoting" correctly after or during a break lower of higher, then we can only assume the most recent break higher or lower could be exhaustion and price will be reverted to the mean (VWAP). OR, this could be the most accurate hindsight indicator on the planet.
*DISCLAIMER*: This indicator repaints. DO NOT backtest or set alerts with this indicator.
[astropark] Progressive VWAPDearDear Followers,
today another awesome Analysis Tool, that you can use in your trading journey: Progressive VWAP !
If you love vwap, you will love this indicator, as it calculates some special "progressive" / "evolving" vwap levels:
daily vwap named dvwap
2D vwap named 2dvwap
3D vwap named 3dvwap
weekly vwap named wvwap
2W vwap named 2wvwap
Monthly vwap named mvwap
Quarterly vwap named qvwap
Yearly vwap named yvwap
You can:
choose which progressive vwap to show and which to hide
change each line color / thickness / display style (solid or dashed)
choose to show or hide labels and change their size
Why such indicator should be helpful? How can I use it to do profit?
In multiple ways:
when a lower timeframe crosses an higher timeframe progressive vwap, you know sentiment is getting bullish and viceversa if the cross is downwards
price tends to bounce on such progressive vwaps: the higher the timeframe, the more probably the bounce is as well as the magnitude of the breakout of the level
This indicator works on every timeframe, market and pair.
As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
This is a premium indicator , so send me a private message in order to get access to this script.
PT VWAP MTFVersion 1.0 -
A Multi Timeframe - Daily, Weekly, Monthly VWAP. Also added a feature for previous day, Daily, Weekly, Monthly VWAP .
The main strategy to this indicator is the previous day vwaps. So we put in additional logic that allows us to visually see previous day, previous week and previous monthly vwap. This helps us get a gage of bullish vs bearish trends. For instance, if price is trading above both daily and previous daily vwaps, that signifies micro trend is bullish. If price is above daily vwap but below previous daily vwap, you can use the previous day vwap as a target for you long.
If you are interested in using our version of the MTF vwap, shoot us a message!
Dynamic VWAP WebNote : The large purple ellipses and shaded boxes are not part of the indicator and have been manually drawn to show how the indicator provides important pattern signals you can recognize. The small red and green dots are however bulit_in and show highs and lows that break key averages to further add to pattern data.
This indicator is built from my Bonfire system and includes VWAP , linear regression , and moving averages combined with dynamic lengths to show key trends, a moving profile, fractal patterns, and data visuals. The VWAP portion of the script is weighed a bit more and automated recognitions provide tons of pattern data and a moving profile that sharply interacts with the price on all levels. *dynamic lengths = lengths change when specific criteria has been met. This is opposed to the default, static or constant length inputs that stay the same unless changed manually.
Things to look for and questions to ask yourself:
a: How is the structure of the indicators flowing? Are the indicators collecting, pinching together, and smoothing out to provide a unanimous direction? How is the price reacting to the indicators? Is the price above, below all, most, or some of the indicators? (MARKED WITH LARGE DRAWN ELLIPSES)
b: What is your interpretation of the deviation between the indicators and the price? Is there a big spread? Is the price seemingly spiking or dropping to touch or grab certain indicator levels briefly while there is still a big spread between unorganized indicators? This can lead to a temporary pivot that does not sustain a long term bear or bull trend.
c: Is the price just above or below the indicators? Does the current trajectory and volume project a break upward, pushing the price through and over the indicators. Is the price bouncing off the lines as live resistance or support? Time is the most powerful force to recon with. The trajectory of the price towards the indicators vs the candle countdown can assist you in predicting if the price will be forced to cross above or below the profile indicators. When price crosses above a collected group of indicators , it's to be considered a bullish move. Likewise, when the price breaks downward on levels it would be considered a time to limit exposure.
d: Notice the difference in the thicker gradient lines above or below the price and more importantly, the absence of these lines compared to the current state of the other indicators. (MARKED WITH DRAWN DARK SHADED BOXES). Are the thick profile lines darker or lighter? Are these lines making sharp moves up or down well below the current price?
e: Keep note of each detail of the signals provided. The smaller green and red dots consistently appear along the (gradient) moving profile levels during specific price interactions with VWAP linear moving profile lines. Though these dots provide minor changes, it's still worth noting for consistent pattern recognition.
f: The built-in red and green rings signal when the price highs and lows breach or interrupt the linear/MA indicator lines. Often these appear in a pattern before and after a bigger move in price. Each asset or stock will have a different pattern or story to tell at different intervals. It is critical that you take the time to look at the patterns at different cycles and learn how to read the overall health of the price compared to the data and historical patterns provided.
g: The gradients fade and darken based on strength.
This is a new way to visualize the current state of an asset. Therefore it will take some time to learn the nuances of Dynamic VWAP WEB. Devote some time to learn the patterns that align with your goals and timeframes.
This is a pay for use indicator. Please message me for access through Tradingview messages.
Payment = Contact for details . A one time fee via cryptocurrency ( BTC ,ETH,LTC, DGB ) preferred.
