Indicator · Pine Script v4 · On the chart

VWMA_WF_cross

by avatar-lavventura

Calculates a 24-period Volume-Weighted Moving Average (VWMA) and RSI divergence using 60-minute timeframe data, accompanied by percentage-based envelope bands and Williams Fractal logic.

View on GitHub

Repaints

GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code108
Settings2inputs
LicenceNone stated
Last update7 months ago5 Mar 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

The indicator plots the VWMA line alongside customizable upper and lower offset bands directly on the price chart. Users can adjust the short and long percentage offsets to expand or contract the bands. Williams fractal detection and dual-period RSI values are calculated in the script. Because it references higher-timeframe data without an explicit historical offset, values can update dynamically on lower-timeframe live bars.

Details

Published by

avatar-lavventura on GitHub

Type

Indicator, Pine Script v4

Draws

On the price chart

Category

Moving averages, Volatility & bands, Oscillators & momentum

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Short Offsetfloat2.0upperBandValue
Long Offsetfloat2.0lowerBandValue
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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