OPEN-SOURCE SCRIPT
VWAP Diario + VWAP 08:00-12:00 ventanas NY
What it plots
Daily VWAP (main line)
Anchored to the current trading day and only visible between 19:00 and 16:50 New York (UTC-5) to prevent any “ghost” segments.
Dynamic color: turns green when price closes above (bullish bias) and red when price closes below (bearish bias).
Optional standard-deviation/percentage bands (off by default).
08:00–12:00 VWAP (morning line)
Resets at 08:00 NY and shows until 12:00 NY only.
Acts as a morning value guide for early direction and pullbacks.
Clean rendering: Both lines use strict time masks and line breaks, so nothing is drawn outside their windows. You can toggle either line on/off.
How to Read It
Daily VWAP ≈ “fair value” of the whole session; use it for directional bias and confluence.
08:00–12:00 VWAP ≈ “fair value” of the morning; helps refine entries during the open.
Alignment:
Bullish environment: price and 08–12 VWAP sit above the Daily VWAP.
Rotation/mixed: price oscillates between the two lines.
Bearish: price and 08–12 VWAP sit below the Daily VWAP.
Two Mechanical Playbooks
Recommended charts: 1-minute for entries, 5-minute for context on NQ/Nasdaq100.
Primary execution window: 09:30–12:00 NY.
A) Trend Play (Break → Pullback to VWAP)
Goal: Join the day’s impulse with value confirmation.
Rules
Bias filter before 09:30
Bullish: 08–12 VWAP ≥ Daily VWAP; Bearish: 08–12 ≤ Daily.
First push 09:30–09:45 breaks the initial range high (bull) or low (bear).
Entry (pullback into confluence)
Wait for a pullback that tags/wicks the 08–12 VWAP or the Daily VWAP in the direction of bias.
Go long on bullish rejection (close back above); short on bearish rejection.
Stop-loss
Beyond the rejection wick or the touched VWAP (e.g., 1–1.5× ATR(1m/5m)).
Take-profit
TP1 = 1R (scale 50%); TP2 = 2–3R or day extremes (HOD/LOD).
If bands are on, consider exiting on a clean tag of the opposite band.
Management
Move to breakeven at 1R; exit early if price reclaims the opposite side of Daily VWAP.
Avoid when the morning is choppy and price sits glued between the two VWAPs.
B) Mean-Reversion Play (Controlled Reversal at Daily VWAP)
Goal: Capture a return to value after an overstretch and a clean rejection.
Rules
Stretch condition
Fast move away from Daily VWAP (3–5 bars) or beyond Band #1/#2 if enabled.
Rejection signal at Daily VWAP
A bar that touches Daily VWAP and closes back on the opposite side (pin/engulfing/strong close).
Entry
Long if a selloff rejects above Daily VWAP.
Short if a rally rejects below Daily VWAP.
Stop-loss
Just beyond the rejection wick or ~1× ATR(1m).
Take-profit
TP1 = 1R or the 08–12 VWAP; TP2 = 2–3R or a prior consolidation.
Management
If price crosses and holds on the other side of Daily VWAP (2 closes), cut the idea.
Avoid during high-impact news or when the session is strongly trending (prefer Play A).
Quality Filters
Volatility: Ensure ATR(14, 1m) or the 09:30–09:45 range exceeds your minimum.
Spread/liquidity: Skip abnormal spreads at the open.
News: If a red-level release is imminent, wait 2–3 bars after the print.
Coherence: Prefer trades when 08–12 and Daily VWAP don’t conflict.
Risk & Trade Management
Risk per trade: 0.25%–0.5% account risk.
Daily cap: 2–3 trades; stop for the day at –1R to –1.5R.
No over-reentry: Don’t chase if price is sitting exactly on a VWAP; wait for separation.
Log your metrics: setup type (A/B), confluences, distance to VWAP at trigger, time, R multiple.
Quick Pre-Trade Checklist
Bias aligned? (price vs Daily and 08–12 VWAP)
Choose Trend or Mean-Reversion play
Clear confluence at the VWAP line?
Realistic stop (≤ ~1.5× ATR 1m)?
Any imminent news?
TP plan: TP1 = 1R → BE, TP2 = 2–3R.
Daily VWAP (main line)
Anchored to the current trading day and only visible between 19:00 and 16:50 New York (UTC-5) to prevent any “ghost” segments.
Dynamic color: turns green when price closes above (bullish bias) and red when price closes below (bearish bias).
Optional standard-deviation/percentage bands (off by default).
08:00–12:00 VWAP (morning line)
Resets at 08:00 NY and shows until 12:00 NY only.
Acts as a morning value guide for early direction and pullbacks.
Clean rendering: Both lines use strict time masks and line breaks, so nothing is drawn outside their windows. You can toggle either line on/off.
How to Read It
Daily VWAP ≈ “fair value” of the whole session; use it for directional bias and confluence.
08:00–12:00 VWAP ≈ “fair value” of the morning; helps refine entries during the open.
Alignment:
Bullish environment: price and 08–12 VWAP sit above the Daily VWAP.
Rotation/mixed: price oscillates between the two lines.
Bearish: price and 08–12 VWAP sit below the Daily VWAP.
Two Mechanical Playbooks
Recommended charts: 1-minute for entries, 5-minute for context on NQ/Nasdaq100.
Primary execution window: 09:30–12:00 NY.
A) Trend Play (Break → Pullback to VWAP)
Goal: Join the day’s impulse with value confirmation.
Rules
Bias filter before 09:30
Bullish: 08–12 VWAP ≥ Daily VWAP; Bearish: 08–12 ≤ Daily.
First push 09:30–09:45 breaks the initial range high (bull) or low (bear).
Entry (pullback into confluence)
Wait for a pullback that tags/wicks the 08–12 VWAP or the Daily VWAP in the direction of bias.
Go long on bullish rejection (close back above); short on bearish rejection.
Stop-loss
Beyond the rejection wick or the touched VWAP (e.g., 1–1.5× ATR(1m/5m)).
Take-profit
TP1 = 1R (scale 50%); TP2 = 2–3R or day extremes (HOD/LOD).
If bands are on, consider exiting on a clean tag of the opposite band.
Management
Move to breakeven at 1R; exit early if price reclaims the opposite side of Daily VWAP.
Avoid when the morning is choppy and price sits glued between the two VWAPs.
B) Mean-Reversion Play (Controlled Reversal at Daily VWAP)
Goal: Capture a return to value after an overstretch and a clean rejection.
Rules
Stretch condition
Fast move away from Daily VWAP (3–5 bars) or beyond Band #1/#2 if enabled.
Rejection signal at Daily VWAP
A bar that touches Daily VWAP and closes back on the opposite side (pin/engulfing/strong close).
Entry
Long if a selloff rejects above Daily VWAP.
Short if a rally rejects below Daily VWAP.
Stop-loss
Just beyond the rejection wick or ~1× ATR(1m).
Take-profit
TP1 = 1R or the 08–12 VWAP; TP2 = 2–3R or a prior consolidation.
Management
If price crosses and holds on the other side of Daily VWAP (2 closes), cut the idea.
Avoid during high-impact news or when the session is strongly trending (prefer Play A).
Quality Filters
Volatility: Ensure ATR(14, 1m) or the 09:30–09:45 range exceeds your minimum.
Spread/liquidity: Skip abnormal spreads at the open.
News: If a red-level release is imminent, wait 2–3 bars after the print.
Coherence: Prefer trades when 08–12 and Daily VWAP don’t conflict.
Risk & Trade Management
Risk per trade: 0.25%–0.5% account risk.
Daily cap: 2–3 trades; stop for the day at –1R to –1.5R.
No over-reentry: Don’t chase if price is sitting exactly on a VWAP; wait for separation.
Log your metrics: setup type (A/B), confluences, distance to VWAP at trigger, time, R multiple.
Quick Pre-Trade Checklist
Bias aligned? (price vs Daily and 08–12 VWAP)
Choose Trend or Mean-Reversion play
Clear confluence at the VWAP line?
Realistic stop (≤ ~1.5× ATR 1m)?
Any imminent news?
TP plan: TP1 = 1R → BE, TP2 = 2–3R.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.