Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v6 · On the chart
VWAP
This indicator calculates and plots the Volume Weighted Average Price (VWAP) directly on the main price chart using typical price values.
GitHub stars1on the repository
Pine versionv6current
Lines of code4
Settings1inputs
LicenceMIT
Last update7 weeks ago8 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
4 lines of Pine Script v6 from backend/internal/pineruntime/sources/vwap.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("VWAP", overlay = true)
lineColor = input.color(#ab47bc, "Color")
plot(ta.vwap(hlc3), "vwap", color = lineColor, linewidth = 2)
Overview
VWAP serves as a benchmark representing the average price weighted by volume throughout the session. Users can customize the plot line color through the input settings. The indicator offers a basic implementation using Pine Script's built-in VWAP function without customizable session anchors or standard deviation bands.
- Volume-weighted average price calculation
- Customizable line color input
- Price chart overlay display
Details
Published by
DEVfancybear on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Moving averages, Volume
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
tradingviewalgorithmic-tradinggolangmarket-replaymetatrader5mt5nextjspostgresqlreactrisk-management
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Color | color | #ab47bc | lineColor |
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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