This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an
Strategy · Pine Script v6 · On the chart
VWMA vs SMA Divergence
This strategy tracks the difference between a Volume-Weighted Moving Average (VWMA) and a Simple Moving Average (SMA) of identical lengths.
GitHub stars1on the repository
Pine versionv6current
Lines of code33
Settings1inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
33 lines of Pine Script v6 from validation/ta-vwma-vs-sma-divergence-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 14 — VWMA vs SMA divergence
// Purpose: parity test for ta.vwma() (volume-weighted MA) against ta.sma() with
// zero-cross of their difference as the entry trigger.
//
//@version=6
strategy("VWMA vs SMA Divergence", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
len = input.int(20, "Length", minval=5)
// === VWMA vs SMA ===
vwmaVal = ta.vwma(close, len)
smaVal = ta.sma(close, len)
// === Divergence: VWMA > SMA = volume-weighted buying pressure ===
vwmaDiff = vwmaVal - smaVal
// === Signals ===
longCond = ta.crossover(vwmaDiff, 0)
shortCond = ta.crossunder(vwmaDiff, 0)
// === Strategy ===
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
plot(vwmaVal, "VWMA", color=color.blue, linewidth=2)
plot(smaVal, "SMA", color=color.orange, linewidth=2)
Overview
VWMA vs SMA Divergence enters a long position when the VWMA crosses above the SMA, and enters a short position when the VWMA crosses below the SMA, reversing any existing position. The indicator plots both moving average lines directly on the price chart. It features no defined stop-loss, take-profit, or trailing stop exits.
- Volume-Weighted Moving Average and SMA divergence calculation
- Zero-cross detection between VWMA and SMA
- Overlay plots for both VWMA and SMA lines
- Reversal-based entry system
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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