OPEN-SOURCE SCRIPT
Actualizado VWAP Suite [ChartSmith]
Notas de prensa
VWAP Suite is a precision VWAP engine with multi-band standard deviation envelopes, flexible anchor periods, and per-band candle coloring — built for futures traders who need clean, correctly-reset VWAPs across every session boundary.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
ANCHOR PERIODS
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Every VWAP is only as reliable as its reset logic. This suite anchors to the actual session boundaries futures traders care about — not midnight UTC or an arbitrary daily open.
ETH Session — Resets at 18:00 ET each evening (CME session open). The standard anchor for ES, NQ, CL, and other CME futures.
RTH Session — Resets at 9:30 AM ET. All plots and candle colors are automatically masked outside of regular trading hours (9:30–16:15 ET), keeping pre-market and after-hours bars at their default chart color.
Weekly — Resets at Sunday 18:00 ET (CME week open). Falls back to the first Monday bar on equity charts that don't trade Sunday.
Monthly — Resets at 18:00 ET on the last calendar day of the month. Includes a DST-safe look-ahead to prevent the anchor from firing a day early during daylight saving transitions.
Quarterly — Resets on the first bar of each new quarter.
Yearly — Resets on the first bar of the new year.
Manual override: Enable Override Anchor Time and enter any HHMM value in 24-hour US Eastern Time to set a custom reset — useful for non-standard session windows or non-US markets.
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STANDARD DEVIATION BANDS
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Three fully independent band layers sit above and below the VWAP line. Each band has its own multiplier, line color, fill region, and candle coloring settings.
Band 1 (default 1.0×) — Inner fair-value zone. The typical mean-reversion boundary within a session.
Band 2 (default 2.0×) — Extended range. Marks price stretch relative to session value area.
Band 3 (default 3.0×) — Outer extreme. High-probability exhaustion zone.
Fill regions shade the space between adjacent layers:
- Band 1 ↔ VWAP (inner zone)
- Band 2 ↔ Band 1 (middle zone)
- Band 3 ↔ Band 2 (outer zone)
All multipliers adjust in 0.25 increments. Bands are always calculated regardless of line visibility, so candle coloring works even when a band's lines are turned off.
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CANDLE COLORING
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When enabled on any band, candles are painted based on where the close sits relative to that band's upper and lower levels. Each band distinguishes between up candles (close ≥ open) and down candles — four color slots per band, twelve total across all three.
Priority cascade (highest wins):
Band 3 → Band 2 → Band 1 → default chart color
This means if Band 3 coloring is active and price closes beyond the Band 3 level, that color takes precedence over any Band 1 or Band 2 color that would otherwise apply.
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PRICE SOURCE
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The price component used in the VWAP accumulation is fully selectable:
OHLC/4 (default) · HLC/3 (typical price) · HL/2 (median) · Close · Open · High · Low
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METHODOLOGY
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The indicator accumulates three running sums — ΣPV, ΣP²V, and ΣV — reset at every anchor boundary. Standard deviation is derived from the population variance:
VWAP = ΣPV / ΣV
Variance = ΣP²V / ΣV − VWAP²
σ = √max(Variance, 0)
The max(Variance, 0) guard prevents floating-point rounding from producing a negative radicand on flat or low-volume bars. Zero-volume bars are floored to a near-zero value to avoid division-by-zero on synthetic instruments or data gaps.
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USAGE NOTES
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- Line width and style (solid, dashed, dotted) are controlled through TradingView's Style tab — no extra inputs needed.
- Add multiple instances of this script with different anchor periods to build a full multi-timeframe VWAP stack on one chart.
- The RTH Session anchor automatically hides all output outside market hours — no manual toggling required.
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.