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Indicator · Pine Script v6 · Own pane
Average Price VWAP
An indicator in a separate pane that works on the average of open and close and an anchored volume weighted average price.
GitHub stars1on the repository
Pine versionv6current
Lines of code49
Settings5inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
The VWAP and optional standard deviation bands are drawn on the price chart, with a settable multiplier and anchor period, daily by default. The pane plots the distance between the average price and the VWAP as an area, with percentile lines over 2000 bars and background shading when the distance reaches an extreme.
- Anchored VWAP with standard deviation bands
- Distance from VWAP as an area plot
- Percentile lines of extreme distance
- Adjustable anchor period and band multiplier
Details
Published by
ivansoft on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume, Mean reversion
Markets
Any symbol
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.
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| VWAP | bool | true | inputShowVwap |
| Main | bool | true | inputShowVwapMain |
| StdDev | bool | true | inputShowVwapStdDev |
| Mult | float | 2.0 | inputVwapStdDevMult |
| Period VWAP | string | D | inputVwapAnchor |
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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