Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v5 · On the chart
Period VWAP
Period VWAP calculates a rolling volume-weighted average price over a chosen number of bars.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code22
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
22 lines of Pine Script v5 from Tradingview/period-vwap.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=5
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
indicator('Period VWAP', overlay=true)
// @keywords: period-vwap, vwap, cumulative-vwap, typical-price, volume-weighted, rolling-period, trending-vwap, price-average, overlay-vwap, vwap-line, volume-sum, cumulative-volume, period-length, vwap-direction, anchor-free-vwap, rolling-vwap, price-volume, weighted-average, vwap-plot, period-setting
cumulativePeriod = input(100, 'Period')
typicalPrice = (high + low + close) / 3
typicalPriceVolume = typicalPrice * volume
cumulativeTypicalPriceVolume = math.sum(typicalPriceVolume, cumulativePeriod)
cumulativeVolume = math.sum(volume, cumulativePeriod)
vwapValue = cumulativeTypicalPriceVolume / cumulativeVolume
use_trending_color = input.bool(true, title = 'Use Trending Color')
var vwap_color = #000000
vwap_color := vwapValue >= vwapValue[1] ? color.new(#00ffd5,0) : vwapValue < vwapValue[1] and high <= vwapValue ? color.new(#ff0000,0) : vwap_color[1]
plot(vwapValue, title = 'Period VWAP', color = use_trending_color ? vwap_color : color.gray)
Overview
Period VWAP multiplies the typical price by volume, sums both that product and volume across the period, and divides them to plot one line on the price chart. The period input sets the lookback length. When trending color is on, the line turns cyan while the VWAP rises and red when it falls and price stays at or below the line; otherwise it stays gray. It does not mark entries or exits.
- Rolling period VWAP
- Typical-price volume weighting
- Adjustable lookback period
- Optional rising and falling colors
- Price chart overlay
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Draws
On the price chart
Category
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 |
|---|---|---|---|
| Period | int | 100 | cumulativePeriod |
| Use Trending Color | bool | true | use_trending_color |
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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