Bull & Wolf Nifty Indicator
VWAP 3rd SD Band Mean Reversion
This Pine Script v6 strategy identifies intraday mean reversion opportunities using session VWAP and volume-weighted standard deviation bands. It looks for entries near the outer third SD bands, with the expectation that price may return toward VWAP.
Resting limit orders update as the bands move. A configurable proximity tolerance brings entry levels closer to VWAP.
- **BUY:** Opens a long position near the lower third SD band.
- **SELL:** Opens a short position near the upper third SD band.
- **VWAP TARGET:** Exits near the moving VWAP, adjusted by the proximity tolerance.
- **STOP LOSS:** Exits at a fixed protective stop, based on a configurable SD distance.
- **SESSION EXIT:** Closes any remaining position at the selected session cutoff.
Position sizing uses the selected equity risk percentage, stop distance, symbol point value, and quantity increment. A configurable cooldown prevents new entries after a stop loss. Multiple trades per session are allowed, with one position open at a time.
The chart displays VWAP, three SD bands, active stop and target levels, and entry and exit labels with fill prices. Order-fill alerts provide notifications for entries and exits.
Designed for time-based intraday charts with volume data. Historical and live results can differ because live levels update on each tick, while historical calculations update each bar.
This Pine Script v6 strategy identifies intraday mean reversion opportunities using session VWAP and volume-weighted standard deviation bands. It looks for entries near the outer third SD bands, with the expectation that price may return toward VWAP.
Resting limit orders update as the bands move. A configurable proximity tolerance brings entry levels closer to VWAP.
- **BUY:** Opens a long position near the lower third SD band.
- **SELL:** Opens a short position near the upper third SD band.
- **VWAP TARGET:** Exits near the moving VWAP, adjusted by the proximity tolerance.
- **STOP LOSS:** Exits at a fixed protective stop, based on a configurable SD distance.
- **SESSION EXIT:** Closes any remaining position at the selected session cutoff.
Position sizing uses the selected equity risk percentage, stop distance, symbol point value, and quantity increment. A configurable cooldown prevents new entries after a stop loss. Multiple trades per session are allowed, with one position open at a time.
The chart displays VWAP, three SD bands, active stop and target levels, and entry and exit labels with fill prices. Order-fill alerts provide notifications for entries and exits.
Designed for time-based intraday charts with volume data. Historical and live results can differ because live levels update on each tick, while historical calculations update each bar.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.