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VWAP + Volume Profile Confluence
VWAP + Volume Profile Confluence — trade the zones where anchored VWAP bands and Volume Profile levels intersect.
What It Does
This indicator overlays three analytical layers and highlights the moments they align:
Layer What You See
Anchored VWAP with ±Nσ bands The session's fair-value centreline plus dynamic volatility bands. VWAP is colour-coded by slope — teal rising, grey flat, red falling — so you know the session's directional bias at a glance.
Volume Profile (POC + Value Area) The session's most-traded price (POC) and the 70% Value Area High/Low. These represent zones where the market has done real business — not arbitrary lines.
Confluence signals Background fill fires when VWAP bands align with VP levels. Green = support confluence. Red = resistance confluence. Three signal types are detected, ordered by conviction:
Signal Hierarchy
Signal What It Means Conviction
Reversal A VWAP band (±Nσ) touches a VP level (POC or VA boundary). Price at the edge of fair value AND at a volume node = high-probability reaction zone. ⬛ Highest
Pullback Price pulls back near VWAP while trend is sustained (price above VWAP for 10+ bars). Classic "buy the dip / sell the rip" setup. ◧ Medium
Continuation Price rides above/below VWAP directionally without touching a band. Momentum in flow — trend-follow context. ◻ Lower
Why It Works
VWAP bands are dynamic S/R — price reverts to VWAP ~70% of any session, and ±2σ marks the edge of "fair" auction. Rejection at a band signals exhaustion.
Volume Profile levels are institutional footprints — the POC is where the largest volume pool sits; it's the session's "fair price" and often acts as a magnet or pivot.
When they align, you have two independent frameworks agreeing on a level — that's higher-probability than either alone.
Usage
Timeframe: Best on intraday charts (15m–1H) with Daily anchor. Use Weekly anchor for a multi-day smoothed VWAP.
Entries: Enter on price confirmation at a confluence zone (bullish signal + bullish price action = long; bearish signal + bearish PA = short).
Stops: Opposite side of the confluence zone or the session's prior swing.
Targets: Next VWAP band, VP level, or prior session high/low.
Std Dev Multiplier: 2.0 is standard. Widen to 2.5 for volatile instruments; narrow to 1.5 for slow/stable ones.
Slope Sensitivity: Default 10% works across instruments. Lower = more colour changes.
Inputs
All settings are exposed with tooltip explanations. Key ones:
Anchor Period — Daily or Weekly VWAP/VP reset
Std Dev Multiplier — Band width (default 2.0)
Confluence Threshold % — How tight VWAP→VP alignment must be to signal (lower = stricter)
Slope Lookback / Sensitivity — Controls VWAP colour-coding responsiveness
Notes
VP levels (POC, VA High/Low) are plotted as steplines — they don't drift through historical bars. Each level is anchored to its session.
Works on any instrument: stocks, indices, forex, crypto. Slope normalisation self-adjusts across volatility regimes.
All components (VWAP, bands, POC, VA, confluence fill) can be toggled independently in settings.
What It Does
This indicator overlays three analytical layers and highlights the moments they align:
Layer What You See
Anchored VWAP with ±Nσ bands The session's fair-value centreline plus dynamic volatility bands. VWAP is colour-coded by slope — teal rising, grey flat, red falling — so you know the session's directional bias at a glance.
Volume Profile (POC + Value Area) The session's most-traded price (POC) and the 70% Value Area High/Low. These represent zones where the market has done real business — not arbitrary lines.
Confluence signals Background fill fires when VWAP bands align with VP levels. Green = support confluence. Red = resistance confluence. Three signal types are detected, ordered by conviction:
Signal Hierarchy
Signal What It Means Conviction
Reversal A VWAP band (±Nσ) touches a VP level (POC or VA boundary). Price at the edge of fair value AND at a volume node = high-probability reaction zone. ⬛ Highest
Pullback Price pulls back near VWAP while trend is sustained (price above VWAP for 10+ bars). Classic "buy the dip / sell the rip" setup. ◧ Medium
Continuation Price rides above/below VWAP directionally without touching a band. Momentum in flow — trend-follow context. ◻ Lower
Why It Works
VWAP bands are dynamic S/R — price reverts to VWAP ~70% of any session, and ±2σ marks the edge of "fair" auction. Rejection at a band signals exhaustion.
Volume Profile levels are institutional footprints — the POC is where the largest volume pool sits; it's the session's "fair price" and often acts as a magnet or pivot.
When they align, you have two independent frameworks agreeing on a level — that's higher-probability than either alone.
Usage
Timeframe: Best on intraday charts (15m–1H) with Daily anchor. Use Weekly anchor for a multi-day smoothed VWAP.
Entries: Enter on price confirmation at a confluence zone (bullish signal + bullish price action = long; bearish signal + bearish PA = short).
Stops: Opposite side of the confluence zone or the session's prior swing.
Targets: Next VWAP band, VP level, or prior session high/low.
Std Dev Multiplier: 2.0 is standard. Widen to 2.5 for volatile instruments; narrow to 1.5 for slow/stable ones.
Slope Sensitivity: Default 10% works across instruments. Lower = more colour changes.
Inputs
All settings are exposed with tooltip explanations. Key ones:
Anchor Period — Daily or Weekly VWAP/VP reset
Std Dev Multiplier — Band width (default 2.0)
Confluence Threshold % — How tight VWAP→VP alignment must be to signal (lower = stricter)
Slope Lookback / Sensitivity — Controls VWAP colour-coding responsiveness
Notes
VP levels (POC, VA High/Low) are plotted as steplines — they don't drift through historical bars. Each level is anchored to its session.
Works on any instrument: stocks, indices, forex, crypto. Slope normalisation self-adjusts across volatility regimes.
All components (VWAP, bands, POC, VA, confluence fill) can be toggled independently in settings.
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.