This indicator plots an anchored MIDAS support and resistance curve from launch-anchored volume-weighted price on the price chart. It adds two configurable volume-weighted standard-deviation, ATR, or hybrid bands and a topfinder or bottomfinder accelerated exh
Indicator · Pine Script v6 · On the chart
V21 VWAP Mean Reversion
An indicator for four-hour charts that builds a rolling VWAP with standard deviation bands.
GitHub stars1on the repository
Pine versionv6current
Lines of code421
Settings20inputs
LicenceNone stated
Last update7 months ago13 Mar 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
A long signal appears when one bar closes below the lower band and the next closes back above it, and the reverse for shorts. Filters skip trades when ATR volatility is outside a range, when VWAP is too close, or against the daily regime. The stop is an ATR multiple, with an early stop move, a VWAP target and an ATR trail on a runner.
- Rolling VWAP with SD bands
- Two-bar band re-entry signals
- ATR volatility and VWAP distance filters
- ATR stop, VWAP target and runner trail
- Asset-specific auto parameters
Details
Published by
snoozie-v on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Volume
Markets
Crypto
Timeframes
H4 and above
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 |
|---|---|---|---|
| VWAP Period (0=auto) | int | 0 | vwap_period_inp |
| SD Entry Bands (0=auto) | float | 0.0 | sd_entry_inp |
| ATR Stop Mult (0=auto) | float | 0.0 | atr_mult_inp |
| Min VWAP Distance (× ATR) | float | 2.0 | min_vwap_inp |
| ATR Vol Max % (0=auto) | float | 0.0 | atr_vol_max_inp |
| ATR Vol Min % | float | 0.5 | atr_vol_min_inp |
| ATR Period | int | 14 | atr_period |
| ATR Trail Mult (runner) | float | 5.0 | atr_trail_mult |
| Early BE Trigger (× 1R) | float | 0.75 | early_be_trig |
| Early BE Dest (× 1R back) | float | 0.5 | early_be_dest |
| Enable Regime Filter | bool | true | use_regime |
| Allow Longs in Downtrend | bool | false | allow_lt_long |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Allow Shorts in Uptrend | bool | false | allow_ut_short |
| Show Entry/Exit Labels | bool | true | show_labels |
| Show Target Lines | bool | true | show_targets |
| Show VWAP & SD Bands | bool | true | show_bands |
| Account Equity ($) | float | 10000.0 | account_equity |
| Risk % per trade | float | 3.0 | risk_pct |
| Enable Longs | bool | true | enable_longs |
| Enable Shorts | bool | true | enable_shorts |
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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