OPEN-SOURCE SCRIPT
VWAPxLevels - OnlyFlow
VWAPxLevels is a comprehensive VWAP-based indicator that combines real-time intraday volume-weighted average price calculations with previous-day reference levels. It's designed for traders who use VWAP and standard deviation bands as key support/resistance zones, with special offset functionality optimized for futures contracts like ES (E-mini S&P 500) and NQ (E-mini Nasdaq).
Key Features
Intraday VWAP with Triple Deviation Band Groups
The indicator plots the current session's VWAP along with three independently configurable groups of standard deviation bands:
Group 1 bands (default 1.0 stdev) for the inner mean-reversion zone
Group 2 bands (default 2.03 stdev) for moderate price extension zones
Group 3 bands (default 2.53 stdev) for extreme price extension zones
Each group can be toggled on or off and adjusted independently, giving you full control over which volatility layers are visible.
Previous Day Reference Levels
Automatically captures and plots the final values from the prior session:
Previous day's closing VWAP
Previous day's Group 1 upper and lower bands
Previous day's Group 2 upper and lower bands
Previous day's Group 3 upper and lower bands
These persistent levels often act as significant magnets and reaction zones in the current session.
Smart Offset Mode for Futures
A unique feature that applies preset offsets to previous-day levels, useful when trading correlated instruments or accounting for overnight gaps:
ES Mode: Applies a 0.5 point offset
NQ Mode: Applies a 2.5 point offset
None: Uses raw VWAP close values
When an offset mode is active, the indicator plots both upper and lower offset variations of the previous day's VWAP and all three deviation band groups, creating bracketed zones around each key level.
How to Use
The intraday VWAP serves as the session's mean price. Group 1 bands highlight the inner volatility envelope where price typically oscillates around fair value, while Group 2 and Group 3 bands identify progressively more extreme reversal or breakout zones. The previous day levels provide context from the prior session, helping identify areas where price has historically reacted. Use the offset mode when you want to create wider reaction zones or when trading futures contracts where slight adjustments to reference levels improve accuracy.
Customization
All three band groups and previous-day plots can be toggled independently through the input panel, letting you display only the levels relevant to your strategy. Deviation multipliers are fully adjustable to match your preferred volatility settings.
Best For
Day traders, scalpers, and futures traders who rely on VWAP-based mean reversion or breakout strategies and want layered volatility zones plus previous session reference levels integrated into a single clean indicator.
Key Features
Intraday VWAP with Triple Deviation Band Groups
The indicator plots the current session's VWAP along with three independently configurable groups of standard deviation bands:
Group 1 bands (default 1.0 stdev) for the inner mean-reversion zone
Group 2 bands (default 2.03 stdev) for moderate price extension zones
Group 3 bands (default 2.53 stdev) for extreme price extension zones
Each group can be toggled on or off and adjusted independently, giving you full control over which volatility layers are visible.
Previous Day Reference Levels
Automatically captures and plots the final values from the prior session:
Previous day's closing VWAP
Previous day's Group 1 upper and lower bands
Previous day's Group 2 upper and lower bands
Previous day's Group 3 upper and lower bands
These persistent levels often act as significant magnets and reaction zones in the current session.
Smart Offset Mode for Futures
A unique feature that applies preset offsets to previous-day levels, useful when trading correlated instruments or accounting for overnight gaps:
ES Mode: Applies a 0.5 point offset
NQ Mode: Applies a 2.5 point offset
None: Uses raw VWAP close values
When an offset mode is active, the indicator plots both upper and lower offset variations of the previous day's VWAP and all three deviation band groups, creating bracketed zones around each key level.
How to Use
The intraday VWAP serves as the session's mean price. Group 1 bands highlight the inner volatility envelope where price typically oscillates around fair value, while Group 2 and Group 3 bands identify progressively more extreme reversal or breakout zones. The previous day levels provide context from the prior session, helping identify areas where price has historically reacted. Use the offset mode when you want to create wider reaction zones or when trading futures contracts where slight adjustments to reference levels improve accuracy.
Customization
All three band groups and previous-day plots can be toggled independently through the input panel, letting you display only the levels relevant to your strategy. Deviation multipliers are fully adjustable to match your preferred volatility settings.
Best For
Day traders, scalpers, and futures traders who rely on VWAP-based mean reversion or breakout strategies and want layered volatility zones plus previous session reference levels integrated into a single clean indicator.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.