OPEN-SOURCE SCRIPT
Vwap per session + CVD Divergence
Title: [mattman44] NQ Session Reset CVD Divergence at VWAP
Author: mattman44
Summary
Developed for the NQ/MNQ (Nasdaq 100) futures environment, this indicator identifies professional reversal zones using a combination of Volume Weighted Average Price (VWAP) and Cumulative Volume Delta (CVD). It focuses on identifying where aggressive market participation is being absorbed by institutional limit orders.
Core Mechanics
Bullish Reversal: Price prints a lower low (piercing or testing VWAP), but CVD prints a higher low. This indicates "Absorption" where sellers are being swallowed up by big buyers.
Bearish Reversal: Price prints a higher high at VWAP, but CVD prints a lower high. This indicates "Exhaustion" where buyers are running into a heavy sell-side wall.
Key Features
Mattman44 Session Reset: This logic ensures CVD resets to zero at the daily open, preventing the accumulation of massive numbers from previous days from drowning out current intraday signals.
NQ Volatility Filtering: Includes a configurable VWAP band percentage. If NQ "overshoots" VWAP but creates a CVD divergence within this band, the signal is triggered.
v6 Performance: Written in Pine Script v6 for the fastest possible calculation on 1m to 5 minute timeframes.
How to Trade
Wait for the Triangle to appear (which confirms the pivot). These are often high-probability scalping setups when price rejects the VWAP zone during the entire session.
Author: mattman44
Summary
Developed for the NQ/MNQ (Nasdaq 100) futures environment, this indicator identifies professional reversal zones using a combination of Volume Weighted Average Price (VWAP) and Cumulative Volume Delta (CVD). It focuses on identifying where aggressive market participation is being absorbed by institutional limit orders.
Core Mechanics
Bullish Reversal: Price prints a lower low (piercing or testing VWAP), but CVD prints a higher low. This indicates "Absorption" where sellers are being swallowed up by big buyers.
Bearish Reversal: Price prints a higher high at VWAP, but CVD prints a lower high. This indicates "Exhaustion" where buyers are running into a heavy sell-side wall.
Key Features
Mattman44 Session Reset: This logic ensures CVD resets to zero at the daily open, preventing the accumulation of massive numbers from previous days from drowning out current intraday signals.
NQ Volatility Filtering: Includes a configurable VWAP band percentage. If NQ "overshoots" VWAP but creates a CVD divergence within this band, the signal is triggered.
v6 Performance: Written in Pine Script v6 for the fastest possible calculation on 1m to 5 minute timeframes.
How to Trade
Wait for the Triangle to appear (which confirms the pivot). These are often high-probability scalping setups when price rejects the VWAP zone during the entire session.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.