OPEN-SOURCE SCRIPT
Updated VWAP Trend
VWAP Trend & Daily Map Execution by erdensedat
Description:
VWAP Trend is an advanced day-trading engine and market mapping tool designed for intra-day execution using purely objective price action metrics. Instead of relying on lagging oscillators, this indicator fuses VWAP (Volume Weighted Average Price) deviations, Daily Open levels, and an automated Previous Day High/Low (PDH/PDL) targeting system.
Key Features:
Dynamic Bias Engine: The indicator measures real-time alignment between the Daily VWAP and the Daily Open price. A "BULLISH PRESSURE" signal fires when price reclaims both key metrics, while a "BEARISH PRESSURE" signal fires when price breaks below them.
Smart Time Filter: Automatically ignores high-volatility chop during the initial hours of a session (default is set to hide major text signals before 07:00 exchange time).
Automated PDH/PDL Liquidity Targets: Previous Day Highs and Lows are tracked with a "Cut-on-Touch" system. When a signal is active, these levels act as objective take-profit zones. Once touched, the level is cut, and a "TARGET REACHED" label is placed automatically.
Multi-Timeframe Macro Dashboard: An unobtrusive, dark-mode compatible panel displays the macro environment (EMA 200 Main Trend, Weekly Bias, Weekly VWAP, Daily Bias) alongside live target levels.
Clean UI & 'Only Today' Mode: Avoid chart clutter. The indicator features an "Only Today" toggle that completely erases previous days' lines, bands, and signals every day at midnight, leaving you with a perfectly clean chart for the current session.
How to Use:
Observe the Main Dashboard for Macro Alignment (Weekly Bias & EMA 200).
Wait for the designated trading hour to begin (e.g., 07:00).
Look for a Bullish / Bearish Pressure alert (indicated by clean, background-free text and arrow markers).
Target the active PDH or PDL lines shown on the chart.
Alerts:
Includes a single, unified alert condition ("VWAP Trend Signal") that dynamically pushes "Bullish Pressure" or "Bearish Pressure" notification text upon bar close.
Disclaimer:
Disclaimer: The "VWAP Trend" indicator by erdensedat is provided for educational and informational purposes only. It is not financial advice, and you should not construct it as such. Trading in financial markets (including cryptocurrencies, forex, and equities) involves a significant risk of loss and is not suitable for all investors. Past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and manage your risk.
Description:
VWAP Trend is an advanced day-trading engine and market mapping tool designed for intra-day execution using purely objective price action metrics. Instead of relying on lagging oscillators, this indicator fuses VWAP (Volume Weighted Average Price) deviations, Daily Open levels, and an automated Previous Day High/Low (PDH/PDL) targeting system.
Key Features:
Dynamic Bias Engine: The indicator measures real-time alignment between the Daily VWAP and the Daily Open price. A "BULLISH PRESSURE" signal fires when price reclaims both key metrics, while a "BEARISH PRESSURE" signal fires when price breaks below them.
Smart Time Filter: Automatically ignores high-volatility chop during the initial hours of a session (default is set to hide major text signals before 07:00 exchange time).
Automated PDH/PDL Liquidity Targets: Previous Day Highs and Lows are tracked with a "Cut-on-Touch" system. When a signal is active, these levels act as objective take-profit zones. Once touched, the level is cut, and a "TARGET REACHED" label is placed automatically.
Multi-Timeframe Macro Dashboard: An unobtrusive, dark-mode compatible panel displays the macro environment (EMA 200 Main Trend, Weekly Bias, Weekly VWAP, Daily Bias) alongside live target levels.
Clean UI & 'Only Today' Mode: Avoid chart clutter. The indicator features an "Only Today" toggle that completely erases previous days' lines, bands, and signals every day at midnight, leaving you with a perfectly clean chart for the current session.
How to Use:
Observe the Main Dashboard for Macro Alignment (Weekly Bias & EMA 200).
Wait for the designated trading hour to begin (e.g., 07:00).
Look for a Bullish / Bearish Pressure alert (indicated by clean, background-free text and arrow markers).
Target the active PDH or PDL lines shown on the chart.
Alerts:
Includes a single, unified alert condition ("VWAP Trend Signal") that dynamically pushes "Bullish Pressure" or "Bearish Pressure" notification text upon bar close.
Disclaimer:
Disclaimer: The "VWAP Trend" indicator by erdensedat is provided for educational and informational purposes only. It is not financial advice, and you should not construct it as such. Trading in financial markets (including cryptocurrencies, forex, and equities) involves a significant risk of loss and is not suitable for all investors. Past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and manage your risk.
Release Notes
Visual Touch Markers (Wick Circles):Added a semi-transparent Red Circle exactly at the highest point (high) of the candle that first touches or breaks the PDH target.
Added a semi-transparent Green Circle exactly at the lowest point (low) of the candle that first touches or breaks the PDL target.
Label Offsets (Padding): Adjusted the text layout for the "TARGET REACHED" and "POSSIBLE REVERSAL ZONE" labels. Added extra line breaks (\n) so the text floats cleanly above or below the target lines without touching or overlapping them.
Daily Cleanup Integration: Linked the new circle markers to the "Only Today" cleanup engine. This ensures that yesterday's circles are automatically deleted when a new day starts, keeping your chart completely clutter-free.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.