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 Trader NXi
VWAP Trader NXi calculates a daily session-anchored Volume Weighted Average Price along with two custom standard deviation bands on the main price chart.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code68
Settings5inputs
LicenceNone stated
Last update3 months ago24 Jul 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 Trader NXi plots the core VWAP, Value Area bands, outer extension zones with background shading, and the previous day VWAP level. Visual markers and alert conditions trigger when price crosses back inside the standard deviation bands, signaling potential mean-reversion trades back toward the VWAP baseline. Settings allow customization of price source, band multipliers, and display toggles.
- Session-anchored VWAP calculation
- Dual standard deviation extension bands
- Previous day VWAP reference level
- Mean-reversion re-entry alerts and markers
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volume, Volatility & bands, Support & resistance, Mean reversion
Markets
Any symbol
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Price Source | source | hlc3 | src |
| Stdev 1 (Value Area) | float | 2.0 | dev1Mult |
| Stdev 2 (Extension) | float | 3.0 | dev2Mult |
| Show Extension Zone? | bool | true | showDv2 |
| Show Previous Day VWAP | bool | true | showPrevVWAP |
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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