by 
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 v5 · On the chart
VWAP Reversion (Example)
This indicator overlays a volume-weighted average price and a simple moving average on the price chart.
GitHub stars9on the repository
Pine versionv5runs as is
Lines of code13
Settings1inputs
LicenceCustom licence
Last update12 days ago16 Oct 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 Reversion (Example) calculates VWAP from the typical price of high, low, and close and an SMA of close over a user-set length that defaults to 20. It plots the VWAP in orange and the SMA in blue. The length input only changes the SMA window. It does not mark reversion entries, exits, or alerts, and the source notes it is a minimal structural example rather than a finished trading rule set.
- VWAP of typical price
- SMA overlay with adjustable length
- Plots on the price chart
- Minimum SMA length of one bar
Details
Published by
JasonTeixeira on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Volume
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.
Topics
algorithmic-tradingbacktestingfuturesmcpninjatraderninjatrader8quantitative-financeautomation-engineeringninjascriptplayback
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | len |
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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