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
VWAP Divergence dobofulop
The script overlays a VWAP line on the price chart and identifies divergences between price close movements and VWAP movements.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code155
Settings7inputs
LicenceNone stated
Last update1 year ago19 Jan 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
VWAP Divergence dobofulop computes VWAP using a customizable anchor period such as session or earnings, then checks for divergence over a lookback period confirmed by ATR multiplier. Bullish divergence signals potential upward reversal while bearish divergence signals potential downward reversal. Alerts fire on detected signals. Main settings allow adjustment of anchor period, source price, lookback, ATR multiplier, and line colors. It draws directly on the price chart.
- VWAP line
- divergence detection
- anchor period
- ATR multiplier
- alerts
Details
Published by
Dfulop98 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Support & resistance, Volatility & bands
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 |
|---|---|---|---|
| Anchor Period | string | Session | anchorPeriod |
| Source | source | hlc3 | sourcePrice |
| Offset | int | 0 | offsetPlot |
| Lookback Period | int | 5 | divergenceLookback |
| ATR Multiplier | float | 3 | divergenceAtrMultiplier |
| VWAP Down Color | color | color.red | bearishColor |
| VWAP Up Color | color | color.lime | bullishColor |
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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