by 
This strategy identifies Wyckoff consolidation ranges directly on the price chart to trade potential spring and upthrust events. It calculates highest highs and lowest lows over a customizable lookback period, filtering setups by average volume spikes and ATR
Strategy · Pine Script v6 · On the chart
AlgoBot VWAP Mean Reversion Strategy
A futures strategy for 30-minute charts that fades extreme moves away from a daily-reset VWAP.
GitHub stars1on the repository
Pine versionv6current
Lines of code141
Settings11inputs
LicenceNone stated
Last update6 months ago26 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
AlgoBot VWAP Mean Reversion Strategy looks for price beyond a configurable number of standard deviations from VWAP, a short RSI in oversold or overbought territory, and an ADX reading below a maximum to confirm a non-trending market. Entries are at the bar close between 10:00 and 14:30 New York time, with the stop at a wider deviation band, the target at VWAP, and positions flat before the close. Webhook alert fields are included.
- VWAP standard deviation extremes
- RSI threshold confirmation
- ADX non-trending filter
- Stop at outer deviation band, target at VWAP
- Session window and end-of-day flat time
Details
Published by
ghostnathan30-ops on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Support & resistance, Volume
Markets
Indices, Gold, Oil & commodities
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Webhook Secret | string | CHANGE_ME_RANDOM_SECRET_HERE | webhook_secret |
| Market | string | NQ | market |
| Risk Mode | string | safe | risk_mode |
| Max Contracts | int | 1 | max_cts |
| Size Multiplier | float | 1.0 | size_mult |
| RSI Long Threshold (oversold) | int | 25 | rsi_long_thresh |
| RSI Short Threshold (overbought) | int | 75 | rsi_short_thresh |
| Max ADX (non-trending) | float | 25.0 | max_adx |
| Entry SD Level | float | 2.0 | sd_entry |
| Stop SD Level | float | 3.0 | sd_stop |
| GLS Score | int | 70 | gls_score |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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