OPEN-SOURCE SCRIPT
Polaris VWAP Mesh [JOAT]
Polaris VWAP Mesh [JOAT]
Polaris VWAP Mesh tracks four anchored VWAPs simultaneously — Session, Swing-High pivot, Swing-Low pivot, and Previous-Day-Open — and detects pairwise confluence whenever two or more of them are within an ATR-scaled proximity of each other. Each VWAP carries a plus-or-minus 1-sigma deviation band. Confluence zones become full-chart-width persistent bands. A multi-anchor bias score counts how many VWAPs price is currently above.
What makes it different
How it works
Reading the chart
Signals
All gated on barstate.isconfirmed or barstate.ishistory. No future references.
Inputs
How traders use this
Limitations
Compatibility
Pine Script v6 open-source indicator (overlay). Any symbol with volume data. Designed for sessions in America/New_York by default. Change the session window for other markets. No request.security calls.
Defaults
0930-1600 EST session window, 10-bar pivot length, 0.5x ATR proximity threshold, mint / red brand colors plus blue / red / mint / purple anchor accents, top-right medium dashboard.
Polaris VWAP Mesh tracks four anchored VWAPs simultaneously — Session, Swing-High pivot, Swing-Low pivot, and Previous-Day-Open — and detects pairwise confluence whenever two or more of them are within an ATR-scaled proximity of each other. Each VWAP carries a plus-or-minus 1-sigma deviation band. Confluence zones become full-chart-width persistent bands. A multi-anchor bias score counts how many VWAPs price is currently above.
What makes it different
- Most VWAP scripts plot a single anchor (session or daily). Polaris simultaneously runs four independent anchored-VWAP engines and surfaces their interactions as confluence zones.
- Confluence detection uses an ATR-scaled proximity threshold rather than a fixed percentage, so it adapts to the instrument's volatility automatically.
- A multi-anchor bias counter aggregates the four VWAPs into a single 0-to-4 score. Full-chart-width tints apply when three or more VWAPs are above (or below) the close.
- Swing-anchored VWAPs reset at confirmed pivot points and start fresh from the moment of pivot confirmation (forward-only, non-repainting). The Previous-Day-Open VWAP is anchored to the open of the prior daily bar so it captures yesterday's reference.
- A pairwise distance matrix is displayed in plain text at the right edge — six pair distances, with the two tightest pairs highlighted.
How it works
- An anchored VWAP function maintains three cumulators per anchor — price-times-volume, volume, and price-squared-times-volume — to deliver both the VWAP and its rolling standard deviation since the anchor.
- Anchor reset conditions: Session start of the user-defined session window. Swing-High on confirmed ta.pivothigh. Swing-Low on confirmed ta.pivotlow. Previous-Day-Open on ta.change(time("D")), capturing the open of the new day, then locking after a day passes.
- Pairwise distance check: for each of the six possible pairs, if the absolute distance between VWAPs is less than proximityThreshATR times ATR(14), an active confluence is flagged. The mid-price between the two VWAPs becomes the confluence level.
- Multi-anchor bias counts how many of the four VWAPs the close is above.
Reading the chart
- Four VWAP lines, each in its own color (session blue, swing-high red, swing-low mint, prev-day-open purple, all user-configurable).
- Plus-or-minus 1-sigma deviation band shading per VWAP.
- Full-chart-width confluence zones (persistent bordered boxes) at each active confluence level, with right-edge labels naming the contributing pair.
- Anchor reset markers: small vertical lines per anchor at the bar of reset (capped at 20 per anchor type).
- A multi-anchor bull / bear bgcolor tint (very faint) when three or more VWAPs are on one side of the close.
- Iridescent candle recolor by bull-count.
- Right-edge VWAP labels with plus-or-minus sigma deviation tags.
- Pairwise distance matrix label cluster.
- Anchor-age label cluster.
- Bias-flip timeline labels and VWAP-cross event labels.
Signals
- Bull / bear VWAP cross (any anchor)
- Session VWAP bull / bear cross (dedicated alerts)
- Previous-Day-Open VWAP bull / bear cross (dedicated alerts)
- Confluence touch (price entered an active confluence zone)
- Multi-anchor bull / bear bias activation
All gated on barstate.isconfirmed or barstate.ishistory. No future references.
Inputs
- Anchors: session window string, swing pivot length.
- Bands: standard deviation multiplier, band shading toggle.
- Confluence: proximity threshold in ATR units, confluence zones toggle.
- Visuals: bullish / bearish colors, per-anchor color overrides, per-anchor visibility toggles, candles, labels.
- Dashboard: position, size.
How traders use this
- Confluence trading: confluence zones are price magnets. Reactions to them (touches with rejections) are tradable. Clean breaks through with volume can be trend signals.
- Multi-anchor bias: when three or four of the four VWAPs are on the same side of price, the trend is well supported across multiple anchors. Counter-trend trades in this regime are lower probability.
- VWAP rotation: the previous-day-open VWAP is a frequently respected institutional reference. Crosses of it often coincide with bias shifts.
- Plus-or-minus 1-sigma bands: extensions to plus-or-minus 1 sigma from a fast-moving anchor often coincide with short-term mean-reversion zones.
Limitations
- Swing-anchored VWAPs begin tracking only after pivot confirmation, so they lack history before that pivot was confirmed. This is by design (non-repainting), not a bug.
- The session VWAP requires the user to set a session window matching the instrument's primary trading window.
- The pairwise confluence test is O(1) per bar (six pairs). Confluence zones extend across the chart and use persistent box objects. They are capped at six active zones (the maximum number of pair combinations).
- Confluence is a price-coincidence test, not a flow-direction test. Use other tools to gauge directional bias once confluence is identified.
Compatibility
Pine Script v6 open-source indicator (overlay). Any symbol with volume data. Designed for sessions in America/New_York by default. Change the session window for other markets. No request.security calls.
Defaults
0930-1600 EST session window, 10-bar pivot length, 0.5x ATR proximity threshold, mint / red brand colors plus blue / red / mint / purple anchor accents, top-right medium dashboard.
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.
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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.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.