This overlay indicator plots a session VWAP that resets daily plus pivot-anchored VWAP highs and lows. It marks price crosses of those VWAPs, crosses between session and anchored VWAPs, and clusters where several VWAP lines sit close together. Display mode, cl
Indicator · Pine Script v5 · On the chart
Path B — VWAP Reversion (Demo)
This indicator identifies long mean-reversion trade opportunities when price stretches significantly below the Volume Weighted Average Price (VWAP).
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code57
Settings9inputs
LicenceCustom licence
Last update5 months ago22 May 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
Path B — VWAP Reversion (Demo) triggers a signal during regular trading hours when price moves a defined minimum number of ticks below VWAP on the previous bar and is followed by a bullish reclaim candle closing in the upper portion of its range. The script overlays VWAP, signal markers, and projected stop loss and target levels directly on the main price chart. Settings allow users to customize tick size, stretch threshold, regular trading hours, and risk-reward targets. Note that it functions as a signal generator rather than a fully automated strategy.
- VWAP stretch detection
- Bullish reclaim candle confirmation
- Regular trading hours session filter
- On-chart target and stop preview levels
Details
Published by
plutothedev on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volume, Sessions & time
Markets
Indices
Timeframes
M1-M5, 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
ai-tradingalgorithmic-tradingclaudefuturespinescriptquanttradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min ticks below VWAP | int | 30 | ext_ticks |
| Tick size (NQ = 0.25) | float | 0.25 | tick_size |
| RTH only | bool | true | session_only |
| RTH Session | session | 0930-1600 | session_str |
| Timezone | string | America/New_York | session_tz |
| Stop (ticks below entry) | int | 40 | risk_ticks |
| Target (R multiple) | float | 1.5 | target_R |
| Show VWAP | bool | true | show_vwap |
| Show signal markers | bool | true | show_signals |
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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