Volume Weighted Distance applies statistical and machine learning distance metrics between source prices and their rolling mean, weighted by volume, to identify local trend reversals. Users can select from Manhattan, Euclidean, Mahalanobis, Cosine Similarity,
Indicator · Pine Script v6 · On the chart
SignalForge v5 Volume Intelligence
This indicator scores seven approaches on every bar: RSI, volume, VWAP, EMA trend, MACD, Bollinger Bands and a volume-delta module.
GitHub stars1on the repository
Pine versionv6current
Lines of code1,020
Settings40inputs
LicenceNone stated
Last update6 months ago24 Apr 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
Each score is weighted by a rolling record of that approach's recent agreement with price, and the weighted total must pass an adaptive threshold, a minimum number of agreeing approaches and a gap since the last signal before a buy or sell arrow is drawn. It also labels candlestick and chart patterns, flags volume regime shifts and offers a dashboard table on the price chart.
- Seven weighted strategy scores combined into one
- Adaptive weights from rolling accuracy
- Signal gate with threshold, agreement and spacing
- Volume delta regime shifts and pattern labels
Details
Published by
vthattey on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
AI / machine learning, Oscillators & momentum, Volume, Candlestick patterns
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.
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 9 | rsi_len |
| Overbought Level | int | 70 | rsi_ob |
| Oversold Level | int | 30 | rsi_os |
| Mid-Range Multiplier | float | 0.45 | rsi_mid_mul |
| RSI Base Weight | float | 0.15 | rsi_w_init |
| Volume MA Length | int | 10 | vol_len |
| Spike Multiplier | float | 1.5 | vol_spike_mul |
| Volume Base Weight | float | 0.12 | vol_w_init |
| VWAP Deviation Band | float | 1.0 | vwap_dev_mul |
| Enable Momentum Override | bool | true | vwap_mom_flip |
| VWAP Base Weight | float | 0.12 | vwap_w_init |
| Fast EMA | int | 9 | ema_fast_len |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Slow EMA | int | 21 | ema_slow_len |
| EMA Base Weight | float | 0.14 | ema_w_init |
| MACD Fast Length | int | 12 | macd_fast |
| MACD Slow Length | int | 26 | macd_slow |
| MACD Signal Length | int | 9 | macd_signal |
| MACD Base Weight | float | 0.15 | macd_w_init |
| BB Length | int | 20 | bb_len |
| BB Std Dev Multiplier | float | 2.0 | bb_mult |
| BB Base Weight | float | 0.14 | bb_w_init |
| Enable Volume Intelligence | bool | true | vi_enabled |
| Use Footprint Data (Premium) | bool | true | vi_use_fp |
| Footprint Ticks Per Row | int | 100 | vi_ticks |
| Value Area % | int | 70 | vi_va_pct |
| Delta Smoothing Length | int | 14 | vi_delta_len |
| Cum. Delta Lookback | int | 20 | vi_cd_len |
| Regime Detection Length | int | 10 | vi_regime_len |
| Delta Z-Score Threshold | float | 1.5 | vi_zscore_th |
| VolIntel Base Weight | float | 0.18 | vi_w_init |
| Show Regime Shift Labels | bool | true | vi_show_labels |
| Accuracy Lookback (bars) | int | 20 | ml_lookback |
| Learning Rate | float | 0.06 | ml_learn_rate |
| Outcome Check (bars later) | int | 3 | ml_outcome_bars |
| Enable ML Weight Adaptation | bool | true | ml_enabled |
| Signal Threshold (0–1) | float | 0.38 | sig_threshold |
| Min Bars Between Signals | int | 7 | sig_min_gap |
| Min Strategies Agreeing | int | 4 | sig_min_agree |
| Adaptive Threshold (volatility) | bool | true | sig_adaptive |
| Show Dashboard | bool | false | show_dash |
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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