OPEN-SOURCE SCRIPT
VWAP 1SD 2SD yasurfer
This custom intraday indicator is designed to provide a detailed understanding of market equilibrium, volatility expansion, and trend structure by combining Session VWAP, Standard Deviation bands, and multi-timeframe EMAs. The script calculates cumulative volume-weighted price data throughout the trading day and automatically resets at the start of each new session. This ensures that the Session VWAP reflects only current-day trading activity, making it highly relevant for scalpers, day traders, and intraday swing setups.
The ±2 Standard Deviation bands illustrate where price is statistically stretched. These zones often act as areas of exhaustion, liquidity grabs, or potential momentum continuation points. By tracking variance around VWAP, the indicator helps traders quickly identify whether price is trading within a normal distribution or pushing into extreme territory.
A dynamic label displays the real-time percentage distance from VWAP, allowing traders to assess how far price has deviated from fair value. This is particularly useful for identifying overextended moves, mean-reversion opportunities, or breakout conditions.
The addition of EMA 50, EMA 200, and EMA 325 provides structural trend context—helping traders evaluate higher-timeframe alignment and potential confluence with VWAP levels. Overall, this indicator enhances clarity, timing, and decision-making by blending statistical tools with traditional trend analysis.
The ±2 Standard Deviation bands illustrate where price is statistically stretched. These zones often act as areas of exhaustion, liquidity grabs, or potential momentum continuation points. By tracking variance around VWAP, the indicator helps traders quickly identify whether price is trading within a normal distribution or pushing into extreme territory.
A dynamic label displays the real-time percentage distance from VWAP, allowing traders to assess how far price has deviated from fair value. This is particularly useful for identifying overextended moves, mean-reversion opportunities, or breakout conditions.
The addition of EMA 50, EMA 200, and EMA 325 provides structural trend context—helping traders evaluate higher-timeframe alignment and potential confluence with VWAP levels. Overall, this indicator enhances clarity, timing, and decision-making by blending statistical tools with traditional trend analysis.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.