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VWAP Delta
VWAP Delta is an oscillator that plots each bar's open, high, low and close as their distance from the volume-weighted average price, instead of showing price and VWAP side by side. It's built for anyone who wants to see how far, and how consistently, price is trading away from its volume-weighted average — for example to judge how stretched an intraday move already is, or how a recent push compares to the pace of previous ones — rather than only whether price sits above or below VWAP.
The delta of each bar is measured against an EMA baseline built from the delta close, and both can optionally be smoothed with a Hull moving average before that comparison. Because VWAP accumulates from the start of each session and depends on volume, it is an intraday tool and returns na on symbols or timeframes where volume data isn't available. The indicator can display this relationship as a filled area or as its own set of candles, with colors that adapt automatically to the current bias and, in candle style, to whether momentum is currently building or fading.
Calculation
VWAP Smoothing: applies a Hull moving average to the delta series before plotting, with an adjustable length.
Baseline Length: EMA length of the baseline that the delta is compared against.
Appearance
Graphic Style: visual style for the delta series: Area or Candle.
Bull / Bear Area Color: (Area style) fill color for when the delta line is above its baseline, and for when it's below.
Bull Candle Color: (Candle style) two colors for a bullish candle body — the left one while the body is expanding versus the previous bar, the right one while it's contracting.
Bear Candle Color: (Candle style) the same pair of colors for a bearish candle body.
In Area style, the delta close is plotted as a single line against its EMA baseline, and the space between them is filled — in Bull Area Color while the delta line is above the baseline, in Bear Area Color while it's below. Only the fill is visible; the delta and baseline lines themselves stay hidden. In Candle style, the fill disappears and the delta is drawn instead as its own set of candles, built from the delta's open, high, low and close relative to VWAP; when smoothing is enabled, the high and low are clamped to the smoothed open and close, so the smoothing itself can never invert a candle's body. Each candle is colored by comparing its own delta open and close: a candle whose delta close sits above its delta open takes a bull color, any other candle — including one where open and close are exactly equal — takes a bear color; within each of those two colors, the shade further distinguishes whether the current body is larger than the previous one (expanding) or smaller (contracting). A zero line marks where price and VWAP coincide.
This indicator is intended solely for market analysis and does not constitute investment advice or a guarantee of success. Use it at your own discretion and risk; past results are not indicative of future performance.
The delta of each bar is measured against an EMA baseline built from the delta close, and both can optionally be smoothed with a Hull moving average before that comparison. Because VWAP accumulates from the start of each session and depends on volume, it is an intraday tool and returns na on symbols or timeframes where volume data isn't available. The indicator can display this relationship as a filled area or as its own set of candles, with colors that adapt automatically to the current bias and, in candle style, to whether momentum is currently building or fading.
Calculation
VWAP Smoothing: applies a Hull moving average to the delta series before plotting, with an adjustable length.
Baseline Length: EMA length of the baseline that the delta is compared against.
Appearance
Graphic Style: visual style for the delta series: Area or Candle.
Bull / Bear Area Color: (Area style) fill color for when the delta line is above its baseline, and for when it's below.
Bull Candle Color: (Candle style) two colors for a bullish candle body — the left one while the body is expanding versus the previous bar, the right one while it's contracting.
Bear Candle Color: (Candle style) the same pair of colors for a bearish candle body.
In Area style, the delta close is plotted as a single line against its EMA baseline, and the space between them is filled — in Bull Area Color while the delta line is above the baseline, in Bear Area Color while it's below. Only the fill is visible; the delta and baseline lines themselves stay hidden. In Candle style, the fill disappears and the delta is drawn instead as its own set of candles, built from the delta's open, high, low and close relative to VWAP; when smoothing is enabled, the high and low are clamped to the smoothed open and close, so the smoothing itself can never invert a candle's body. Each candle is colored by comparing its own delta open and close: a candle whose delta close sits above its delta open takes a bull color, any other candle — including one where open and close are exactly equal — takes a bear color; within each of those two colors, the shade further distinguishes whether the current body is larger than the previous one (expanding) or smaller (contracting). A zero line marks where price and VWAP coincide.
This indicator is intended solely for market analysis and does not constitute investment advice or a guarantee of success. Use it at your own discretion and risk; past results are not indicative of future performance.
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免責事項
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。