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 v6 · On the chart
VWAP - Basic
VWAP - Basic plots an anchored Volume Weighted Average Price directly on the main price chart alongside two standard deviation bands.
GitHub stars218on the repository
Pine versionv6current
Lines of code80
Settings6inputs
LicenceNone stated
Last update3 months ago23 Jul 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
VWAP - Basic calculates typical price weighted by volume, resetting the cumulative calculations at user-selected session, weekly, or monthly boundaries. Users can adjust standard deviation multipliers, toggle band visibility, and customize plot colors. An information table on the final bar displays the current VWAP reading and the percentage distance to current price. The indicator requires volume data.
- Anchored VWAP reset on session, week, or month
- Dual standard deviation bands with custom multipliers
- Shaded inner standard deviation channel
- Real-time information table with price distance metric
Details
Published by
TradersPost on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Support & resistance, Volatility & bands
Markets
Any symbol
Timeframes
M1-M5, 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 |
|---|---|---|---|
| Anchor Period | string | Session | anchor_period |
| Show Standard Deviation Bands | bool | true | show_bands |
| 1st StdDev Multiplier | float | 1.0 | std_mult1 |
| 2nd StdDev Multiplier | float | 2.0 | std_mult2 |
| VWAP Color | color | color.blue | vwap_color |
| Band Color | color | color.gray | band_color |
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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