OPEN-SOURCE SCRIPT
TRADE ORBIT:VAPI Oscillator with Bullish/Bearish + VWAP.
Components
VAPI Oscillator
Shows the balance of buying vs. selling pressure using price and volume.
Plotted as a histogram (green above zero, red below zero) with a gray oscillator line.
Zero line (gray) acts as the main threshold between bullish and bearish pressure.
Signals
Bullish Signal (▲ BULLISH) → Triggered when VAPI crosses above zero.
Bearish Signal (▼ BEARISH) → Triggered when VAPI crosses below zero.
Alerts are included for automation/notifications.
VWAP (Volume Weighted Average Price)
Plotted on the main price chart (orange line).
Resets each new trading day.
Acts as an institutional benchmark for trend and fair value.
🔹 How to Use
When VAPI crosses above zero → market pressure is bullish (look for long opportunities, especially if price is above VWAP).
When VAPI crosses below zero → market pressure is bearish (look for short opportunities, especially if price is below VWAP).
VWAP provides a strong support/resistance zone; confluence between VAPI and VWAP strengthens signals.
VAPI Oscillator
Shows the balance of buying vs. selling pressure using price and volume.
Plotted as a histogram (green above zero, red below zero) with a gray oscillator line.
Zero line (gray) acts as the main threshold between bullish and bearish pressure.
Signals
Bullish Signal (▲ BULLISH) → Triggered when VAPI crosses above zero.
Bearish Signal (▼ BEARISH) → Triggered when VAPI crosses below zero.
Alerts are included for automation/notifications.
VWAP (Volume Weighted Average Price)
Plotted on the main price chart (orange line).
Resets each new trading day.
Acts as an institutional benchmark for trend and fair value.
🔹 How to Use
When VAPI crosses above zero → market pressure is bullish (look for long opportunities, especially if price is above VWAP).
When VAPI crosses below zero → market pressure is bearish (look for short opportunities, especially if price is below VWAP).
VWAP provides a strong support/resistance zone; confluence between VAPI and VWAP strengthens signals.
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.