OPEN-SOURCE SCRIPT
Tactical Deviation Mini
Tactical Deviation Mini is an overlay indicator that shows up to three independent higher-timeframe VWAPs on one chart—1-hour, 4-hour, and 8-hour—each with 1σ, 2σ, and 3σ standard-deviation bands. By default, only the 4-hour VWAP and its bands are enabled; 1H and 8H are optional toggles. This keeps the chart readable while still letting you stack contexts when you want them.
Why it is useful
Many traders watch where price sits relative to VWAP and to volatility-sized bands across intraday structure. This script puts those references on the same pane as your execution timeframe, so you can compare alignment across 1H / 4H / 8H without switching charts. Optional band fills separate the 1σ–2σ and 2σ–3σ zones. An optional table summarizes sigma distance from VWAP (per enabled timeframe) and RSI(14) on the current bar for quick context.
How it works (concepts)
For each enabled timeframe, the script maintains a running volume-weighted mean of hlc3 and a running volume-weighted second moment so it can derive population-style variance and standard deviation on the fly. When a new bar opens on that higher timeframe, the cumulative sums reset, so each VWAP is anchored to that higher timeframe’s bar sequence (not to the chart’s session template unless your symbol’s bars happen to match that). Band width is standard deviation × your chosen multipliers (defaults 1, 2, 3).
Optional “dynamic” mode
When enabled, the script scales the deviation multipliers using recent volatility (ATR relative to price) so bands can widen in more volatile conditions and narrow in calmer ones. This is a heuristic adjustment, not a guarantee of any particular risk or outcome.
How to use it
Enable the timeframe(s) you want under Timeframe Selection.
Adjust σ multipliers if you want tighter or wider bands.
Toggle Show Deviation Clouds and opacity if you want filled zones.
Use Colors to separate 1H / 4H / 8H visually.
Read the table (if visible) for σ from VWAP and RSI; treat these as context, not instructions.
What this script does not do
It does not plot buy/sell markers, strategy orders, or alerts. It does not rank setups, predict direction, or estimate profitability. Past or hypothetical behavior of VWAP or bands does not imply future results.
Limitations and honesty
VWAP and σ bands depend on volume and bar data available on your symbol and timeframe. On some instruments or sessions, volume or bar construction may differ from what you expect, which affects VWAP and bands. RSI in the table is a standard momentum oscillator shown for reference only.
Disclaimer
This tool is for informational and educational purposes only and is not investment, tax, or trading advice. You are responsible for how you use any charting tool. No warranty is made as to accuracy, fitness, or results.
Why it is useful
Many traders watch where price sits relative to VWAP and to volatility-sized bands across intraday structure. This script puts those references on the same pane as your execution timeframe, so you can compare alignment across 1H / 4H / 8H without switching charts. Optional band fills separate the 1σ–2σ and 2σ–3σ zones. An optional table summarizes sigma distance from VWAP (per enabled timeframe) and RSI(14) on the current bar for quick context.
How it works (concepts)
For each enabled timeframe, the script maintains a running volume-weighted mean of hlc3 and a running volume-weighted second moment so it can derive population-style variance and standard deviation on the fly. When a new bar opens on that higher timeframe, the cumulative sums reset, so each VWAP is anchored to that higher timeframe’s bar sequence (not to the chart’s session template unless your symbol’s bars happen to match that). Band width is standard deviation × your chosen multipliers (defaults 1, 2, 3).
Optional “dynamic” mode
When enabled, the script scales the deviation multipliers using recent volatility (ATR relative to price) so bands can widen in more volatile conditions and narrow in calmer ones. This is a heuristic adjustment, not a guarantee of any particular risk or outcome.
How to use it
Enable the timeframe(s) you want under Timeframe Selection.
Adjust σ multipliers if you want tighter or wider bands.
Toggle Show Deviation Clouds and opacity if you want filled zones.
Use Colors to separate 1H / 4H / 8H visually.
Read the table (if visible) for σ from VWAP and RSI; treat these as context, not instructions.
What this script does not do
It does not plot buy/sell markers, strategy orders, or alerts. It does not rank setups, predict direction, or estimate profitability. Past or hypothetical behavior of VWAP or bands does not imply future results.
Limitations and honesty
VWAP and σ bands depend on volume and bar data available on your symbol and timeframe. On some instruments or sessions, volume or bar construction may differ from what you expect, which affects VWAP and bands. RSI in the table is a standard momentum oscillator shown for reference only.
Disclaimer
This tool is for informational and educational purposes only and is not investment, tax, or trading advice. You are responsible for how you use any charting tool. No warranty is made as to accuracy, fitness, or results.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.