The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v4 · On the chart
VW-ATR Strategy
Calculates a volume-weighted Average True Range by multiplying the standard ATR calculation by the current bar volume.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code790
Settings1inputs
LicenceNone stated
Last update7 months ago1 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
The indicator plots this combined metric as a red line directly on the price chart. The main setting controls the lookback length for the ATR. Because the script sets overlay to true despite plotting values scaled to volume times price range, chart scale compression can occur. It provides no signals, entry criteria, or exit conditions.
- Volume-weighted ATR calculation
- Configurable ATR lookback length
- Single-line overlay plot
Details
Published by
wesleyzilva on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Volume
Markets
Indices
Timeframes
M15-H1
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 |
|---|---|---|---|
| ATR Length | int | 14 | length |
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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