OPEN-SOURCE SCRIPT
VWAP Rope Band by Bybllo
VWAP Rope Band plots a smoothed trend line (the "rope") that only moves once price has traveled beyond a VWAP-deviation threshold from its last position - small back-and-forth noise around VWAP is absorbed, and the line only steps when a move is statistically meaningful.
The threshold is the standard deviation of (close - VWAP) over a lookback period, scaled by a multiplier, so the surrounding band automatically widens or narrows with how far price is currently dispersing from VWAP - no manual adjustment needed as volatility changes.
A genuine trend reversal is only registered once the rope actually reverses direction (not on every VWAP wiggle). That short transition window gets its own color, an optional gradient cloud, and an optional Buy/Sell badge at the exact bar the reversal is confirmed.
INTENDED USE
Works well for short-term futures scalping - Nasdaq futures, KOSPI200 futures, and similar instruments. Built and tested primarily on the 1-minute chart, but the underlying VWAP/rope/band logic is timeframe-agnostic and holds up well on 2, 3, and 5-minute charts and other intraday timeframes too. The StdDev Length and Band Multiplier adapt to volatility automatically, but it's worth rechecking them when you switch timeframe or instrument.
FEATURES
- Threshold-based "rope" trend line that ignores VWAP noise, only stepping on statistically meaningful deviations
- Volatility-adaptive band (self-widening/narrowing standard-deviation envelope around the rope)
- True-gradient cloud fill between rope and band, with adjustable steepness
- Confirmed-reversal transition detection with its own color/cloud, auto-expiring after 5 bars if unresolved
- Optional Buy/Sell badge plotted at the exact bar a reversal is confirmed
- Two alert families: simple rope crossover/crossunder, and confirmed Buy/Sell signal alerts
- Works on any chart type (candlestick, Heikin Ashi, Renko, etc.) since prices are pulled via request.security() from the underlying ticker
This is a visual/alerting tool only - it does not place real orders. For educational and informational purposes only, not financial advice. Always verify how the rope and bands behave on your specific symbol and timeframe before relying on them for live trading.
The threshold is the standard deviation of (close - VWAP) over a lookback period, scaled by a multiplier, so the surrounding band automatically widens or narrows with how far price is currently dispersing from VWAP - no manual adjustment needed as volatility changes.
A genuine trend reversal is only registered once the rope actually reverses direction (not on every VWAP wiggle). That short transition window gets its own color, an optional gradient cloud, and an optional Buy/Sell badge at the exact bar the reversal is confirmed.
INTENDED USE
Works well for short-term futures scalping - Nasdaq futures, KOSPI200 futures, and similar instruments. Built and tested primarily on the 1-minute chart, but the underlying VWAP/rope/band logic is timeframe-agnostic and holds up well on 2, 3, and 5-minute charts and other intraday timeframes too. The StdDev Length and Band Multiplier adapt to volatility automatically, but it's worth rechecking them when you switch timeframe or instrument.
FEATURES
- Threshold-based "rope" trend line that ignores VWAP noise, only stepping on statistically meaningful deviations
- Volatility-adaptive band (self-widening/narrowing standard-deviation envelope around the rope)
- True-gradient cloud fill between rope and band, with adjustable steepness
- Confirmed-reversal transition detection with its own color/cloud, auto-expiring after 5 bars if unresolved
- Optional Buy/Sell badge plotted at the exact bar a reversal is confirmed
- Two alert families: simple rope crossover/crossunder, and confirmed Buy/Sell signal alerts
- Works on any chart type (candlestick, Heikin Ashi, Renko, etc.) since prices are pulled via request.security() from the underlying ticker
This is a visual/alerting tool only - it does not place real orders. For educational and informational purposes only, not financial advice. Always verify how the rope and bands behave on your specific symbol and timeframe before relying on them for live trading.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。