OPEN-SOURCE SCRIPT
VAL-VAH Band Strategy -Saheemol
VAL–VAH Band Strategy (Anchored VWAP) – Saheemol
🙏 Credits
This work is inspired by the indicator
“VWAP Band Strategy Ultimate” by Roro_trades
This indicator is a structured trading framework built around VWAP-based value areas (VAH & VAL), combined with anchored levels and risk-managed execution.
🔍 Concept
The strategy uses VWAP standard deviation bands to define value:
VAH (Value Area High)
VAL (Value Area Low)
At 05:30 IST, the previous session’s VAH & VAL are captured and anchored for the entire day, acting as key institutional reference levels.
⚙️ How It Works
📈 Entry Logic
Buy Signal
Price closes above anchored VAH
Sell Signal
Price closes below anchored VAL
🎯 Trade Management
Each trade is automatically structured with:
Stop Loss
Long → just below anchored VAL
Short → just above anchored VAH
Targets
TP1 → 1:1
TP2 → 1:2
TP3 → 1:4
📊 Visual Features
Dynamic risk-reward boxes (similar to TradingView long/short tool)
Separate color zones:
Profit area
Loss area
TP1 & TP2 levels plotted inside the box
Optional display of all historical trades
🧠 Trade Outcome Logic
Each trade ends with a single final status:
SL → Stop loss hit
TP → Target achieved (highest level reached)
EXIT → Opposite signal before TP/SL
✔ Clean lifecycle per trade
✔ No duplicate or conflicting labels
⚡ Key Advantages
Uses anchored institutional levels
Fully rule-based execution
Built-in risk management
Clear visual trade tracking
⚠️ Disclaimer
This indicator is not financial advice.
It is developed purely for educational and learning purposes.
Trading involves risk, and users are solely responsible for their decisions.
Always use proper risk management and test strategies before live trading.
👨💻 Author
Developed and customized by Saheemol with the help of ChatGpt
🙏 Credits
This work is inspired by the indicator
“VWAP Band Strategy Ultimate” by Roro_trades
This indicator is a structured trading framework built around VWAP-based value areas (VAH & VAL), combined with anchored levels and risk-managed execution.
🔍 Concept
The strategy uses VWAP standard deviation bands to define value:
VAH (Value Area High)
VAL (Value Area Low)
At 05:30 IST, the previous session’s VAH & VAL are captured and anchored for the entire day, acting as key institutional reference levels.
⚙️ How It Works
📈 Entry Logic
Buy Signal
Price closes above anchored VAH
Sell Signal
Price closes below anchored VAL
🎯 Trade Management
Each trade is automatically structured with:
Stop Loss
Long → just below anchored VAL
Short → just above anchored VAH
Targets
TP1 → 1:1
TP2 → 1:2
TP3 → 1:4
📊 Visual Features
Dynamic risk-reward boxes (similar to TradingView long/short tool)
Separate color zones:
Profit area
Loss area
TP1 & TP2 levels plotted inside the box
Optional display of all historical trades
🧠 Trade Outcome Logic
Each trade ends with a single final status:
SL → Stop loss hit
TP → Target achieved (highest level reached)
EXIT → Opposite signal before TP/SL
✔ Clean lifecycle per trade
✔ No duplicate or conflicting labels
⚡ Key Advantages
Uses anchored institutional levels
Fully rule-based execution
Built-in risk management
Clear visual trade tracking
⚠️ Disclaimer
This indicator is not financial advice.
It is developed purely for educational and learning purposes.
Trading involves risk, and users are solely responsible for their decisions.
Always use proper risk management and test strategies before live trading.
👨💻 Author
Developed and customized by Saheemol with the help of ChatGpt
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.