by 
This strategy plots Bollinger Bands on the price chart using an EMA or SMA basis and a matching standard-deviation calculation. It enters long when price crosses back above the lower band and short when price crosses back below the upper band. An optional Intr
Strategy · Pine Script v5 · On the chart
CWAPAlgo - Cumulative Weighted Average Price Strategy
This strategy computes the Cumulative Weighted Average Price (CWAP) using a selectable source price such as close, with user-defined reset periods including daily, weekly, monthly or session.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code161
Settings14inputs
LicenceNone stated
Last update8 months ago16 Feb 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
Entry signals trigger when price reaches the CWAP line offset by a sensitivity value. Optional ATR-based stop loss and take profit apply with configurable multipliers, or the CWAP line serves as trailing stop. The script plots the CWAP line, entry signals and background color on active trades. All settings are adjustable via inputs including alert enablement.
- Cumulative Weighted Average Price
- ATR Stop Loss Take Profit
- CWAP Trailing Stop
- Entry Sensitivity Offset
- Reset Period Options
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Volume
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Strategy Enabled | bool | true | i_strategy_enabled |
| CWAP Source Price | source | close | i_cwap_src |
| CWAP Reset Period | string | No Reset | i_cwap_reset |
| Entry Sensitivity (CWAP Offset) | float | 0.0 | i_entry_sensitivity |
| Use ATR Stop Loss/Take Profit | bool | true | i_use_atr_sl_tp |
| ATR Period | integer | 14 | i_atr_period |
| Stop Loss Multiplier (x ATR) | float | 2.0 | i_sl_multiplier |
| Take Profit Multiplier (x ATR) | float | 4.0 | i_tp_multiplier |
| Use CWAP as Trailing Stop | bool | true | i_use_cwap_trailing |
| CWAP Trailing Offset | float | 0.0 | i_cwap_trailing_offset |
| Plot CWAP Line | bool | true | i_plot_cwap |
| Plot Entry Signals | bool | true | i_plot_signals |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Color Background on Trade | bool | false | i_bg_color |
| Enable Alerts | bool | true | i_alert_enabled |
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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