VWAP Pullback A+ Dip Scanner: Free TradingView Indicator (Pine Script)

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

In an uptrend with VWAP rising it signals a buy when price dips back to VWAP, and in a downtrend a sell when price rallies to it. A stricter grade needs price to have stretched away from VWAP earlier in the session. It shows stop and target lines while a trade is live, plus an info panel and a checklist. VWAP can reset daily or by session.

VWAP pullback buy and sell arrows
Higher-timeframe EMA trend filter
Stretch-from-VWAP signal grade
Stop and target lines with sizing panel
Daily or regular-session VWAP reset

Details

Published by

jchi18 on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Indices

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.

File

VWAP_Pullback.pine

Repository

github.com/jchi18/ote-tradingview. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Bias timeframe	`timeframe`	`60`	`htfRes`
Fast EMA	`int`	`50`	`emaFastLen`
Slow EMA	`int`	`100`	`emaSlowLen`
VWAP resets	`string`	`Each day`	`vwapReset`
Regular session (for RTH mode)	`session`	`0930-1600`	`rthSess`
Session timezone	`string`	`America/New_York`	`sessTz`
VWAP slope length (bars)	`int`	`5`	`slopeLen`
Only signal during a time window	`bool`	`false`	`useWindow`
Signal window	`session`	`0930-1100`	`winSess`
Max one trade per day	`bool`	`true`	`oncePerDay`
A+: min stretch from VWAP (ATR)	`float`	`1.0`	`stretchMin`
Only show ★ A+ signals	`bool`	`true`	`onlyAplus`

Show all 23 settings

Setting	Type	Default	Variable
ATR length	`int`	`14`	`atrLen`
Stop = ATR ×	`float`	`0.5`	`stopMult`
Target R:R	`float`	`1.25`	`rr`
Account ($)	`float`	`50000`	`acct`
Risk per trade (%)	`float`	`1.0`	`riskPct`
$ per point (MNQ=2, NQ=20, MES=5, ES=50)	`float`	`2.0`	`pointVal`
VWAP line	`bool`	`true`	`showVwap`
Entry signals (BUY / SELL arrows)	`bool`	`true`	`showSignals`
Stop / target lines (only while a trade is live)	`bool`	`true`	`showLevels`
Info panel (top-right)	`bool`	`true`	`showPanel`
Confluence checklist (☑ why a signal fires)	`bool`	`true`	`showWhy`

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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