OPEN-SOURCE SCRIPT
VWMA 200 (HTF) + Fibonacci Bands
VWMA 200 (HTF) + Fibonacci Bands + VWAP Trend Dashboard
This indicator combines a Higher Timeframe VWMA (default: 200) with volatility bands and Fibonacci-based internal levels, plus anchored VWAPs (Daily / Weekly / Monthly) and an optional trend dashboard table.
It was designed to help you quickly spot:
where price is relative to a major HTF VWMA mean
whether price is trading in normal / extreme zones
how price is positioned versus session/period VWAPs
a simple “at-a-glance” trend bias across multiple anchors
What’s included
1) VWMA 200 (HTF)
VWMA is calculated on a locked timeframe (HTF) using request.security.
Default source is HLC3, but you can change the source.
2) Volatility bands + Fibonacci levels
The outer bands are based on a scaled standard deviation (mult * stdev) around the HTF VWMA.
Internal bands use Fibonacci ratios:
11.8% / 23.6% / 38.2% / 50% / 61.8% / 76.4% / 88.6% / 100%
Clean labels on the right side show each level as a percentage.
3) Extreme candle highlighting
Candles can be highlighted when the close is beyond the 76.4% band (upper or lower).
Helps identify potential stretched conditions / breakout zones.
4) Anchored VWAPs
Optional Daily / Weekly / Monthly VWAP (anchored by period change).
Optional VWAP labels on the right side (toggle separately).
5) Trend Dashboard Table
Optional table showing Bullish / Bearish / Neutral for:
VWAP D, VWAP W, VWAP M, and VWMA HTF
Displays distance from each reference in points (price units).
Includes a Confluence row:
Bullish if price is above all references
Bearish if price is below all references
Mixed otherwise
Table position can be customized (Top Right / Top Left / Bottom Right / Bottom Left).
How to use (quick guide)
Mean reversion / structure: Use the HTF VWMA as the central “mean” reference.
Zones: Fibonacci bands show progressively stronger deviation zones from the mean.
Extremes: Candle coloring beyond 76.4% can highlight stretched price action.
Trend bias: The dashboard helps confirm whether price is aligned above or below key anchors (VWAPs + VWMA HTF).
Confluence: When multiple anchors agree, trend conviction tends to be higher.
Notes / Disclaimer
This tool is intended for context and decision support, not as a standalone strategy.
VWAP behavior may differ across markets/sessions depending on symbol and exchange rules.
Always combine with your own risk management and confirmation tools.
This indicator combines a Higher Timeframe VWMA (default: 200) with volatility bands and Fibonacci-based internal levels, plus anchored VWAPs (Daily / Weekly / Monthly) and an optional trend dashboard table.
It was designed to help you quickly spot:
where price is relative to a major HTF VWMA mean
whether price is trading in normal / extreme zones
how price is positioned versus session/period VWAPs
a simple “at-a-glance” trend bias across multiple anchors
What’s included
1) VWMA 200 (HTF)
VWMA is calculated on a locked timeframe (HTF) using request.security.
Default source is HLC3, but you can change the source.
2) Volatility bands + Fibonacci levels
The outer bands are based on a scaled standard deviation (mult * stdev) around the HTF VWMA.
Internal bands use Fibonacci ratios:
11.8% / 23.6% / 38.2% / 50% / 61.8% / 76.4% / 88.6% / 100%
Clean labels on the right side show each level as a percentage.
3) Extreme candle highlighting
Candles can be highlighted when the close is beyond the 76.4% band (upper or lower).
Helps identify potential stretched conditions / breakout zones.
4) Anchored VWAPs
Optional Daily / Weekly / Monthly VWAP (anchored by period change).
Optional VWAP labels on the right side (toggle separately).
5) Trend Dashboard Table
Optional table showing Bullish / Bearish / Neutral for:
VWAP D, VWAP W, VWAP M, and VWMA HTF
Displays distance from each reference in points (price units).
Includes a Confluence row:
Bullish if price is above all references
Bearish if price is below all references
Mixed otherwise
Table position can be customized (Top Right / Top Left / Bottom Right / Bottom Left).
How to use (quick guide)
Mean reversion / structure: Use the HTF VWMA as the central “mean” reference.
Zones: Fibonacci bands show progressively stronger deviation zones from the mean.
Extremes: Candle coloring beyond 76.4% can highlight stretched price action.
Trend bias: The dashboard helps confirm whether price is aligned above or below key anchors (VWAPs + VWMA HTF).
Confluence: When multiple anchors agree, trend conviction tends to be higher.
Notes / Disclaimer
This tool is intended for context and decision support, not as a standalone strategy.
VWAP behavior may differ across markets/sessions depending on symbol and exchange rules.
Always combine with your own risk management and confirmation tools.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.