This indicator overlays an anchored Volume Weighted Average Price with up to three customizable standard deviation or percentage bands directly on the price 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
Deep Chart + VWAP (Original Design) incorporates Cumulative Volume Delta sentiment calculated by scanning lower timeframe volume data. Traders can adjust the anchor period across various timeframes and corporate events, change lower timeframe scanning settings, and toggle band multipliers. Selecting corporate events as anchor points utilizes lookahead data.
Anchored VWAP with standard deviation and percentage bands
Cumulative Volume Delta calculation using lower timeframe data
Multiple anchor periods including Session, Month, and corporate events
Customizable lower timeframe resolution and band multipliers
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
CVD Reset Period
timeframe
1D
anchorCVD
Volume Sensitivity
float
2.0
volThreshold
Manual Deep Scanning
bool
false
useCustomLTF
Internal Timeframe
timeframe
1
manualLTF
Hide VWAP on 1D or Above
bool
false
hideonDWM
Anchor Period
string
Session
anchor
Source
source
hlc3
src
Offset
int
0
offset
Bands Calculation Mode
string
Standard Deviation
calcModeInput
Show Band 1
bool
true
showBand_1
Multiplier #1
float
1.0
bandMult_1
Show Band 2
bool
false
showBand_2
Show all 15 settings
Setting
Type
Default
Variable
Multiplier #2
float
2.0
bandMult_2
Show Band 3
bool
false
showBand_3
Multiplier #3
float
3.0
bandMult_3
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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