This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Indicator · Pine Script v6 · Own pane
VWAP Delta
An indicator in a separate pane that plots how far price is from an anchored volume weighted average price, as a percentage of the VWAP.
GitHub stars1on the repository
Pine versionv6current
Lines of code37
Settings2inputs
LicenceNone stated
Last update1 year ago1 Mar 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
The VWAP itself is drawn on the price chart. Percentile lines over a chosen number of bars mark the two upper and lower extremes, and the background is shaded in two tones when the deviation reaches them. Settings are the percentile window and the VWAP anchor period, daily by default.
- Percentage distance from anchored VWAP
- VWAP line on the price chart
- Percentile extreme lines
- Adjustable anchor period and window
Details
Published by
ivansoft on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
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.
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bars Percentile | int | 2000 | inputBarsPercentile |
| Vwap Anchor Period | string | D | inputVwapAnchor |
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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