OPEN-SOURCE SCRIPT
Session VWAP + Bands | Falcon AI
Session VWAP with ±1 / ±2 / ±3 standard-deviation bands — the volume-weighted average price the market is actually trading around, anchored fresh each session.
WHAT IT DOES
• Plots VWAP anchored to the Daily session (default), Weekly, or a custom session you define (e.g. 0930–1600 New York).
• Adds ±1σ, ±2σ and ±3σ bands so you can see when price is statistically stretched from the average.
• Shades the ±1σ "value area" — where most of the session's volume changes hands.
• Marks (and can alert) when price crosses back above or below VWAP.
WHY VWAP
VWAP is the benchmark institutions measure their fills against. Price holding above it = buyers in control; below = sellers. The outer bands (±2σ / ±3σ) flag over-extension, where price often mean-reverts back toward VWAP.
HOW TO USE
• Bias: above VWAP lean long, below lean short.
• Mean reversion: watch fades from the ±2σ / ±3σ bands back toward VWAP.
• Intraday S/R: VWAP and the ±1σ edges often act as support/resistance.
SETTINGS
• Anchor: Daily / Weekly / Custom session (+ timezone)
• Source (default HLC3)
• Toggle each band + the value-area shading
• Colors and optional VWAP-cross alerts
Works on any symbol/timeframe that has volume (futures, stocks, crypto). Best on intraday charts.
Educational tool only — not financial advice. Test everything yourself before trading it.
WHAT IT DOES
• Plots VWAP anchored to the Daily session (default), Weekly, or a custom session you define (e.g. 0930–1600 New York).
• Adds ±1σ, ±2σ and ±3σ bands so you can see when price is statistically stretched from the average.
• Shades the ±1σ "value area" — where most of the session's volume changes hands.
• Marks (and can alert) when price crosses back above or below VWAP.
WHY VWAP
VWAP is the benchmark institutions measure their fills against. Price holding above it = buyers in control; below = sellers. The outer bands (±2σ / ±3σ) flag over-extension, where price often mean-reverts back toward VWAP.
HOW TO USE
• Bias: above VWAP lean long, below lean short.
• Mean reversion: watch fades from the ±2σ / ±3σ bands back toward VWAP.
• Intraday S/R: VWAP and the ±1σ edges often act as support/resistance.
SETTINGS
• Anchor: Daily / Weekly / Custom session (+ timezone)
• Source (default HLC3)
• Toggle each band + the value-area shading
• Colors and optional VWAP-cross alerts
Works on any symbol/timeframe that has volume (futures, stocks, crypto). Best on intraday charts.
Educational tool only — not financial advice. Test everything yourself before trading it.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
📊 Falcon AI — automated Futures + Crypto signals · live PF 3.13 · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
📊 Falcon AI — automated Futures + Crypto signals · live PF 3.13 · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.