OPEN-SOURCE SCRIPT
VWAP Exhaustion Bars - Hyru
VWAP Exhaustion Bars
Quick visual spotting of market exhaustion levels with color-coded RSI bars and VWAP bands.
What it does:
Colors candles based on RSI exhaustion levels (5 red shades for overbought, 4 green for oversold)
Shows rolling VWAP with standard deviation bands
Drops triangle alerts when price hits the bands - red for resistance, green for support
Built-in alerts for extreme levels and band touches
Perfect for:
Scalping reversals at exhaustion points
Identifying potential bounce zones
Quick visual confirmation of overbought/oversold conditions
Clean, fast, and gets straight to the point. No clutter, just actionable signals when you need them most.
Default settings work great, but tweak the RSI length and thresholds to match your trading style.
Quick visual spotting of market exhaustion levels with color-coded RSI bars and VWAP bands.
What it does:
Colors candles based on RSI exhaustion levels (5 red shades for overbought, 4 green for oversold)
Shows rolling VWAP with standard deviation bands
Drops triangle alerts when price hits the bands - red for resistance, green for support
Built-in alerts for extreme levels and band touches
Perfect for:
Scalping reversals at exhaustion points
Identifying potential bounce zones
Quick visual confirmation of overbought/oversold conditions
Clean, fast, and gets straight to the point. No clutter, just actionable signals when you need them most.
Default settings work great, but tweak the RSI length and thresholds to match your trading style.
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.