This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an
Strategy · Pine Script v4 · On the chart
SlimScript VWAP Bands
A Pine v4 strategy that plots VWAP with upper and lower bands set by percentage inputs.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code131
Settings8inputs
LicenceNone stated
Last update4 years ago2 Dec 2021
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
SlimScript VWAP Bands opens a long when price opens above the upper band and a short when it opens below the lower band, and exits when the open crosses back over VWAP. It offers double entries, percentage stops per side and a days-back window. The code refers to some variables that are not defined, so it may need fixing before it compiles. It draws on the price chart.
- VWAP with percentage bands
- Optional double entries
- Long and short stop-loss percentages
- Days-back test window
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volume
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Days Back to Test | int | 90 | daysBackMax |
| Min Days Back to Test | int | 0 | daysBackMin |
| Long Stop Loss % | float | 3.5 | longStopPerc |
| Short Stop Loss % | float | 3.5 | shortStopPerc |
| Allow double longs? | bool | true | allowDoubleLongs |
| Allow double shorts? | bool | true | allowDoubleShorts |
| VWAP Low % | float | .013 | vwapLowPerc |
| VWAP High % | float | .013 | vwapHighPerc |
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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