OPEN-SOURCE SCRIPT
Actualizado Trend Indicator A + VWAP Band 3 Can
New York Session VWAP with Dynamic Deviation Bands
Overview
This indicator is specifically designed for intraday traders looking to capitalize on the high volatility, volume, and momentum generated during the New York market session open. By combining the Volume Weighted Average Price (VWAP) with customizable deviation bands, this tool helps traders identify key institutional liquidity pools, dynamic support/resistance levels, and high-probability mean-reversion or breakout setups.
Key Features
Session-Optimized Logic: Tailored to track price action accurately around the New York opening bell (15:30 CET / 14:30 CET winter time), filtering out low-volume pre-market noise.
Dynamic Deviation Bands: Multi-layered bands act as volatility-adjusted overbought and oversold zones, adapting instantly to sudden market expansions.
Intraday Precision: Ideal for scalping and day trading highly liquid instruments such as market indices (NAS100, US30) and commodities (XAUUSD).
How to Use & Trade Setup
Mean Reversion (The Fade): Look for price exhaustion at the outer deviation bands during the initial New York open rush. A rejection candle at these extremes often signals a high-probability retracement back to the VWAP baseline.
Trend Following (The Breakout): If price breaks and closes decisively outside the first deviation band with strong volume during the first hour of the NY session, it often validates a strong institutional trend.
VWAP Cross: Use the central VWAP line as a dynamic bias filter. Trading above the VWAP indicates bullish sentiment, while trading below indicates bearish control.
Disclaimer: This indicator is for educational and analysis purposes only. Always combine technical indicators with strict risk management and a defined trading plan.
Overview
This indicator is specifically designed for intraday traders looking to capitalize on the high volatility, volume, and momentum generated during the New York market session open. By combining the Volume Weighted Average Price (VWAP) with customizable deviation bands, this tool helps traders identify key institutional liquidity pools, dynamic support/resistance levels, and high-probability mean-reversion or breakout setups.
Key Features
Session-Optimized Logic: Tailored to track price action accurately around the New York opening bell (15:30 CET / 14:30 CET winter time), filtering out low-volume pre-market noise.
Dynamic Deviation Bands: Multi-layered bands act as volatility-adjusted overbought and oversold zones, adapting instantly to sudden market expansions.
Intraday Precision: Ideal for scalping and day trading highly liquid instruments such as market indices (NAS100, US30) and commodities (XAUUSD).
How to Use & Trade Setup
Mean Reversion (The Fade): Look for price exhaustion at the outer deviation bands during the initial New York open rush. A rejection candle at these extremes often signals a high-probability retracement back to the VWAP baseline.
Trend Following (The Breakout): If price breaks and closes decisively outside the first deviation band with strong volume during the first hour of the NY session, it often validates a strong institutional trend.
VWAP Cross: Use the central VWAP line as a dynamic bias filter. Trading above the VWAP indicates bullish sentiment, while trading below indicates bearish control.
Disclaimer: This indicator is for educational and analysis purposes only. Always combine technical indicators with strict risk management and a defined trading plan.
Notas de prensa
Functionally they're the same indicator — every input (MA type, VWAP settings, arrow size, filters) stayed identical. The difference is two under-the-hood fixes, plus a new chart label.The old script (published July 8, "Trend A 1M Handmatig") had two bugs causing unreliable Band 3 arrows. First, an arrow could briefly appear on a still-forming candle and then disappear again once that candle closed ("repainting"), because the Heikin Ashi trend was fetched via a separate data request. Second, Band 3 was always treated as "touched" on the very first candle of every session, because the band exactly coincided with the VWAP line at that point — causing false signals right after session start.
The new script ("Trend A Fix backup", to be published as "Hcank99 Indicator Deviation Bands Reversal") now calculates the Heikin Ashi trend directly without a separate data request, so arrows can no longer vanish after a candle closes. It also only counts a band touch once a few candles have passed since session start, removing that false first-candle touch. All plots, colors, and the VWAP/Band 3 lines look the same — only the reliability of the buy/sell arrows has improved.
Notas de prensa
PictureNotas de prensa
Hier is een Engelse tekst die je kunt gebruiken voor je release notes / changelog op TradingView:Update — signal reliability fixes
This update addresses inconsistent Band 3 arrows without changing any of the indicator's original inputs or visual style.
Fix 1 — No more disappearing arrows. The 1-timeframe trend calculation now runs natively on the chart's own data instead of through a separate security request. Previously, an arrow could briefly appear on a still-forming candle and then vanish once that candle closed. Arrows are now stable once printed.
Fix 2 — No more false touches at session start. Band 3 is calculated from a running variance that starts at zero on the first candle of each session, which meant the band briefly collapsed onto the VWAP line and registered a false "touch" right after every session open. A touch is now only counted once a configurable number of candles (default: 3) have passed since session start, and the lookback window no longer bleeds over from the previous session.
New optional setting — wick vs. close confirmation. A new toggle, "Require candle close beyond Band 3 (instead of wick)," lets you choose how a band touch is defined. Off by default (original behavior): any wick touching the band counts. On: the candle must actually close on or beyond the band before it counts as a valid touch.
All other logic is unchanged: an arrow still fires when a valid Band 3 touch is followed by a trend reversal within the lookback window, and all existing inputs (MA type, band multiplier, ATR/MTF filters, arrow size, line thickness) work exactly as before.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.