Dynamic HL VWAP+ | Current & Prev

🔴 Dynamic HL VWAP+ | Current & Previous 🔴

A precision volume-weighted tool for traders who want more than just standard VWAP.

🧠 What It Does
The Dynamic HL VWAP+ is a powerful custom-built indicator that anchors Volume Weighted Average Price (VWAP) lines not from the session open, but from the highest and lowest points of dynamically detected price cycles.

Unlike traditional VWAPs, this tool recalculates its anchor points from:

🔺 The most recent swing high (Highest Price in Lookback Period)
Please note currently it's limited to the default value or lower, as any higher, and it will conflict with Pine's restriction on "memory allocation" system for this kind of effort. Will update if there is any change in that.

🔻 The most recent swing low (Lowest Price in Lookback Period)

Then it does the same for the previous cycle (before the current lookback window), allowing you to see how price is behaving relative to past and present price extremes.

⚙️ Key Features
✅ Dynamic Anchoring
Anchors VWAPs from the most recent High and Low over a user-defined lookback period (len).

✅ Multi-Cycle Context
Plots both Current and Previous high/low-anchored VWAPs for contextual analysis.

✅ VWAP from Highs and Lows Separately
You’ll see how price reacts around bullish (High VWAP) and bearish (Low VWAP) pressures—great for scalping, pullbacks, and reversion plays.

✅ Line Visibility Control
You decide which lines to show:

Current High VWAP

Current Low VWAP

Previous High VWAP

Previous Low VWAP

✅ Lightweight and Label-Free
Optimized for performance. No labels, no alerts, just clean and effective plotting.

📈 How to Use
1. Trend Confirmation
When price holds above the Low VWAP or breaks the High VWAP, it signals trend strength.

If price rejects at High VWAP or fails to hold Low VWAP, it's a potential reversal/retest zone.

2. Reversion-to-Mean Plays
Look for price moving far from the VWAP lines and then curling back.

Works great on volatile intraday moves or swing setups.

3. Compare Current vs. Previous Cycle
If current VWAPs are higher than the previous ones, it shows bullish progress.

Converging VWAPs from prior and current cycles often indicate a squeeze or decision point.

📊 Example Scenarios
Example 1 – Intraday Bounce Play:
Price drops into a prior cycle’s Low VWAP line and forms a base—an ideal area to look for long scalps.

Example 2 – Breakout Retest:
Price breaks above the Current High VWAP, then comes back to retest it. If it holds, the breakout is likely valid.

Example 3 – Reversal Setup:
Price is trending up but fails at Current High VWAP and breaks down below Current Low VWAP—watch for short signals.

🛠 Settings
Lookback Bars: Defines how far back to look for the current swing High/Low (default = 66).

VWAP Source: Use ohlc4 for a balanced average, or customize to your preference.

Visibility Toggles: Easily enable/disable each of the four VWAP lines.

🧪 Best Timeframes & Markets
Works across all timeframes

Great for futures, crypto, stocks

Especially useful on 15m–1H intraday charts and 4H–D for swings

💬 Final Thoughts
If you're tired of static VWAPs that only anchor from the open, the Dynamic HL VWAP+ gives you a more price-reactive, context-aware, and actionable VWAP structure.

Ideal for:

Day traders looking for mean-reversion plays

Swing traders targeting pullbacks

Anyone who wants smarter VWAP lines built on recent price structure

This is an educational idea and publication, past performance or what you may see on chart might not be replicable for you. Use at your own risk.

Regards