This indicator plots a custom Anchored Volume-Weighted Average Price (VWAP) directly on the price chart along with optional standard deviation bands. Users can anchor the VWAP to standard time periods like sessions, weeks, or months, or to corporate events suc
Indicator · Pine Script v5 · On the chart
Volume Weighted Average Price
This indicator plots an anchored volume-weighted average price on the price chart.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code150
Settings15inputs
LicenceNone stated
Last update1 year ago5 Apr 2025
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
Volume Weighted Average Price resets the VWAP at a chosen anchor such as the session, week, month, quarter, year, or corporate events including earnings, dividends, and splits. Optional bands sit above and below the VWAP using either standard deviation or a percentage of price, with up to three multipliers. Settings also hide the plot on daily and higher charts, shift it by an offset, and toggle trend levels. It stops with an error when the symbol has no volume.
- Anchored VWAP with session to century resets
- Earnings, dividend, and split anchors
- Standard deviation or percentage bands
- Up to three band multipliers
- Optional hide on daily and higher charts
Details
Published by
Hugs-4-Bugs on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volume, Volatility & bands, Support & resistance
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 |
|---|---|---|---|
| Hide VWAP on 1D or Above | bool | false | hideonDWM |
| Anchor Period | string | Session | anchor |
| Source | source | hlc3 | src |
| Offset | int | 0 | offset |
| Bands Calculation Mode | string | Standard Deviation | calcModeInput |
| showBand_1 | bool | true | showBand_1 |
| Bands Multiplier #1 | float | 1.0 | bandMult_1 |
| showBand_2 | bool | false | showBand_2 |
| Bands Multiplier #2 | float | 2.0 | bandMult_2 |
| showBand_3 | bool | false | showBand_3 |
| Bands Multiplier #3 | float | 3.0 | bandMult_3 |
| Length | int | 15 | length |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trend Levels | bool | true | show_levl |
| + | color | #30d453 | up |
| - | color | #4043f1 | dn |
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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