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.
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.