This indicator calculates and plots a session-based volume profile directly on the price chart. It maps volume distribution across price levels, highlighting key structural reference points including the Point of Control, Value Area High, and Value Area Low. C
Indicator · Pine Script v6 · On the chart
Multi-Anchor VWAP + Value Area [Vantrade]
This indicator plots a volume-weighted average price on the price chart and re-anchors it at a new session, week, month, or the highest-volume bar inside a rolling window.
GitHub stars2on the repository
Pine versionv6current
Lines of code102
Settings7inputs
LicenceCustom licence
Last update2 months ago20 Aug 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 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
Multi-Anchor VWAP + Value Area [Vantrade] wraps the VWAP in three volume-weighted standard-deviation bands that form a nested value-area cloud, and it colors the VWAP by where price sits inside that cloud. Users can change the source, band multipliers, window length, and whether the cloud is shown. Alerts mark VWAP crosses and tags of the outer bands. On symbols without volume it substitutes true range.
- Session, week, month, and smart volume anchors
- Volume-weighted 1σ, 2σ, and 3σ bands
- Nested value-area cloud
- VWAP colored by price location
- True-range fallback without volume
Details
Published by
vantradelabs on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Support & resistance, Sessions & time
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 |
|---|---|---|---|
| Anchor | string | Session | anchorMode |
| Source | source | hlc3 | src |
| Smart Anchor Window | int | 120 | win |
| σ Band 1 | float | 1.0 | s1 |
| σ Band 2 | float | 2.0 | s2 |
| σ Band 3 | float | 3.0 | s3 |
| Show Value-Area Cloud | bool | true | showBands |
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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