This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v6 · Own pane
VWMA True Range
A separate-pane indicator that applies a volume-weighted moving average to true range over a chosen period, with optional smoothing.
GitHub stars1on the repository
Pine versionv6current
Lines of code325
Settings20inputs
LicenceNone stated
Last update2 months ago23 Aug 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
Long and short thresholds set when the reading counts as a bullish or bearish state. Options include a fast Hull line, a band display, candle coloring and line thickness, and a monthly or other period type with its own length. A table and color palettes are included.
- Volume-weighted moving average of true range
- Optional smoothing and fast Hull line
- Long and short thresholds
- Candle coloring and state table
Details
Published by
vedkanani123 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Calculation Period | int | 65 | len |
| Smooth Length | int | 5 | smoothlen |
| Smooth Vwma? | bool | true | smooth |
| Long threshold | float | 0.9 | l_threshold |
| Short threshold | float | 0.9 | s_threshold |
| Show fast Hull? | bool | true | showFhull |
| Visual - Band | bool | true | visualSwitch |
| Color candles | bool | true | candleCol |
| Line Thickness | int | 1 | thicknesSwitch |
| Custom Color Palette | string | Mystic | ColMode |
| Use Custom Palette | bool | true | cpyn |
| Custom Up | color | #00ff00 | cp_UpC |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Custom Down | color | #ff0000 | cp_DnC |
| Period Type | string | Monthly | periodType |
| Source Type | string | Close | srcType |
| Length | int | 50 | Len |
| Force Table Overlay | bool | false | fo |
| enable_table | bool | true | enable_table |
| VWMA Table | string | Middle Right | pos_table |
| table_size_input | string | Normal | table_size_input |
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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