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This strategy plots Bollinger Bands on the price chart using an EMA or SMA basis and a matching standard-deviation calculation. It enters long when price crosses back above the lower band and short when price crosses back below the upper band. An optional Intr
Strategy · Pine Script v5 · On the chart
VWapperAlgo VWAP Bands Strategy
A Pine v5 strategy that fades price at VWAP standard deviation bands on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code130
Settings8inputs
LicenceNone stated
Last update8 months ago16 Feb 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
A long needs the low to reach the lower band with an up candle, and a short needs the high to reach the upper band with a down candle. An optional filter counts how many recent closes were above VWAP and requires the opposite side. ATR multiples set stop loss and take profit. Size is 10 percent of equity, pyramiding is off, and commission is included.
- VWAP with standard deviation bands
- Band touch and reversal candle entries
- Optional VWAP-based trend filter
- ATR stop loss and take profit
- Percent-of-equity sizing without pyramiding
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volume, Volatility & bands
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| VWAP Source | source | close | vwap_src |
| Band Multiplier (StdDev) | float | 2.0 | band_mult |
| VWAP Reset Period | string | Session | vwap_reset |
| ATR Length | int | 14 | atr_len |
| Stop Loss Multiplier (ATR) | float | 3.0 | sl_mult |
| Take Profit Multiplier (ATR) | float | 6.0 | tp_mult |
| Use VWAP Trend Filter | bool | true | use_trend_filter |
| Trend Filter Lookback | int | 50 | trend_filter_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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