OPEN-SOURCE SCRIPT
VWAP + RSI Confluence
This indicator merges VWAP and RSI into one clean visual system by coloring candles based on their agreement.
Green candles → Bullish confluence: Price is above VWAP and RSI is above the midline (default 50).
Red candles → Bearish confluence: Price is below VWAP and RSI is below the midline.
White candles (Hold) → Conflict between VWAP and RSI. The market is undecided — best to stay out and avoid choppy, low-quality setups.
The white “Hold” candles act as a powerful filter that helps you avoid trading when the two indicators disagree.
How to Use
Trade in the direction of the colored candles (green = long bias, red = short bias).
Avoid trading during white “Hold” candles.
Best used at key support/resistance levels or in combination with your existing price action or structure.
Works on all timeframes and instruments.
Important Setup Step (Required for Reliable Colors)
For the custom candle colors to display correctly even when the indicator is not selected, you must do the following once:
Add the indicator to your chart.
Right-click anywhere on the chart.
Select Object Tree.
Right-click on VWAP + RSI Confluence.
Go to Visual Order → Bring to front.
After this step, the colors will remain stable. It is recommended to save your chart as a template afterward so you don’t have to repeat this process.
Settings
VWAP Anchor: Choose between Day, Week, Month, or Year (resets the VWAP calculation accordingly).
RSI Length: Default is 21 (adjustable).
RSI Midline: Default is 50.0 (the threshold for bullish/bearish agreement).
Colors: Fully customizable colors for Bullish candles, Bearish candles, Hold candles, and their wicks.
Recommended Use
This indicator is especially useful for day trading and swing trading when you want a clear visual filter that reduces conflicting signals between momentum (RSI) and institutional average price (VWAP).
Green candles → Bullish confluence: Price is above VWAP and RSI is above the midline (default 50).
Red candles → Bearish confluence: Price is below VWAP and RSI is below the midline.
White candles (Hold) → Conflict between VWAP and RSI. The market is undecided — best to stay out and avoid choppy, low-quality setups.
The white “Hold” candles act as a powerful filter that helps you avoid trading when the two indicators disagree.
How to Use
Trade in the direction of the colored candles (green = long bias, red = short bias).
Avoid trading during white “Hold” candles.
Best used at key support/resistance levels or in combination with your existing price action or structure.
Works on all timeframes and instruments.
Important Setup Step (Required for Reliable Colors)
For the custom candle colors to display correctly even when the indicator is not selected, you must do the following once:
Add the indicator to your chart.
Right-click anywhere on the chart.
Select Object Tree.
Right-click on VWAP + RSI Confluence.
Go to Visual Order → Bring to front.
After this step, the colors will remain stable. It is recommended to save your chart as a template afterward so you don’t have to repeat this process.
Settings
VWAP Anchor: Choose between Day, Week, Month, or Year (resets the VWAP calculation accordingly).
RSI Length: Default is 21 (adjustable).
RSI Midline: Default is 50.0 (the threshold for bullish/bearish agreement).
Colors: Fully customizable colors for Bullish candles, Bearish candles, Hold candles, and their wicks.
Recommended Use
This indicator is especially useful for day trading and swing trading when you want a clear visual filter that reduces conflicting signals between momentum (RSI) and institutional average price (VWAP).
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.