OPEN-SOURCE SCRIPT
Vwap per session + CVD Divergence
Title: [mattman44] NQ Session Reset CVD Divergence at VWAP
Author: mattman44
Summary
Developed for the NQ/MNQ (Nasdaq 100) futures environment, this indicator identifies professional reversal zones using a combination of Volume Weighted Average Price (VWAP) and Cumulative Volume Delta (CVD). It focuses on identifying where aggressive market participation is being absorbed by institutional limit orders.
Core Mechanics
Bullish Reversal: Price prints a lower low (piercing or testing VWAP), but CVD prints a higher low. This indicates "Absorption" where sellers are being swallowed up by big buyers.
Bearish Reversal: Price prints a higher high at VWAP, but CVD prints a lower high. This indicates "Exhaustion" where buyers are running into a heavy sell-side wall.
Key Features
Mattman44 Session Reset: This logic ensures CVD resets to zero at the daily open, preventing the accumulation of massive numbers from previous days from drowning out current intraday signals.
NQ Volatility Filtering: Includes a configurable VWAP band percentage. If NQ "overshoots" VWAP but creates a CVD divergence within this band, the signal is triggered.
v6 Performance: Written in Pine Script v6 for the fastest possible calculation on 1m to 5 minute timeframes.
How to Trade
Wait for the Triangle to appear (which confirms the pivot). These are often high-probability scalping setups when price rejects the VWAP zone during the entire session.
Author: mattman44
Summary
Developed for the NQ/MNQ (Nasdaq 100) futures environment, this indicator identifies professional reversal zones using a combination of Volume Weighted Average Price (VWAP) and Cumulative Volume Delta (CVD). It focuses on identifying where aggressive market participation is being absorbed by institutional limit orders.
Core Mechanics
Bullish Reversal: Price prints a lower low (piercing or testing VWAP), but CVD prints a higher low. This indicates "Absorption" where sellers are being swallowed up by big buyers.
Bearish Reversal: Price prints a higher high at VWAP, but CVD prints a lower high. This indicates "Exhaustion" where buyers are running into a heavy sell-side wall.
Key Features
Mattman44 Session Reset: This logic ensures CVD resets to zero at the daily open, preventing the accumulation of massive numbers from previous days from drowning out current intraday signals.
NQ Volatility Filtering: Includes a configurable VWAP band percentage. If NQ "overshoots" VWAP but creates a CVD divergence within this band, the signal is triggered.
v6 Performance: Written in Pine Script v6 for the fastest possible calculation on 1m to 5 minute timeframes.
How to Trade
Wait for the Triangle to appear (which confirms the pivot). These are often high-probability scalping setups when price rejects the VWAP zone during the entire session.
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。
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。