//@version=6
// Created by Ravindra Elicherla (@Ravindra_PE) with inputs from @tradematicX
indicator("VWAP Volume Signal with SuperTrend", shorttitle="VVS-ST", overlay=true)
// Input parameters
ma_length = input.int(21, title="Volume MA Length", minval=1)
show_vwap = input.bool(true, title="Show VWAP")
show_signals = input.bool(true, title="Show Buy/Sell Signals")
show_volume_ma = input.bool(false, title="Show Volume MA (separate pane)")
// SuperTrend parameters
st_length = input.int(10, title="SuperTrend ATR Length", minval=1)
st_factor = input.float(3.0, title="SuperTrend ATR Factor", minval=0.1, step=0.1)
show_supertrend = input.bool(true, title="Show SuperTrend")
// Calculate VWAP
vwap_value = ta.vwap(hlc3)
// Calculate volume moving average
volume_ma = ta.sma(volume, ma_length)
// SuperTrend calculation
atr = ta.atr(st_length)
hl2_val = hl2
upper_band = hl2_val + (st_factor * atr)
lower_band = hl2_val - (st_factor * atr)
var float supertrend = na
var bool trend_up = true
prev_supertrend = supertrend[1]
prev_trend_up = trend_up[1]
if na(prev_supertrend)
supertrend := lower_band
trend_up := true
else
if prev_trend_up
lower_band := lower_band > prev_supertrend ? lower_band : prev_supertrend
supertrend := close <= lower_band ? upper_band : lower_band
trend_up := close > lower_band
else
upper_band := upper_band < prev_supertrend ? upper_band : prev_supertrend
supertrend := close >= upper_band ? lower_band : upper_band
trend_up := close >= upper_band
// SuperTrend direction
st_bullish = trend_up
st_bearish = not trend_up
// Determine buy and sell volume (simplified approach)
// Buy volume: volume when price closes higher than open
// Sell volume: volume when price closes lower than open
buy_volume = close > open ? volume : 0
sell_volume = close < open ? volume : 0
// Calculate moving averages of buy and sell volumes
buy_volume_ma = ta.sma(buy_volume, ma_length)
sell_volume_ma = ta.sma(sell_volume, ma_length)
// Generate signal conditions WITH SuperTrend filter
buy_condition = close > vwap_value and buy_volume > buy_volume_ma and st_bullish
sell_condition = close < vwap_value and sell_volume > sell_volume_ma and st_bearish
// Track last signal type to prevent consecutive same signals
var string last_signal = "none"
// Check for buy or sell condition (only trigger on new condition)
buy_signal_trigger = buy_condition and not buy_condition[1]
sell_signal_trigger = sell_condition and not sell_condition[1]
// Only allow signals if different from last signal type
can_buy = last_signal != "buy" and buy_signal_trigger
can_sell = last_signal != "sell" and sell_signal_trigger
// Final buy and sell signals
buy_signal = can_buy
sell_signal = can_sell
// Update last signal tracker
if buy_signal
last_signal := "buy"
if sell_signal
last_signal := "sell"
// Plot VWAP
plot(show_vwap ? vwap_value : na, color=color.blue, linewidth=2, title="VWAP")
// Plot SuperTrend
supertrend_color = st_bullish ? color.green : color.red
plot(show_supertrend ? supertrend : na, color=supertrend_color, linewidth=2,
title="SuperTrend")
// Plot buy and sell signals
plotshape(show_signals and buy_signal, title="Buy Signal",
location=location.belowbar,
style=shape.labelup, size=size.small, color=color.green,
textcolor=color.white, text="BUY")
plotshape(show_signals and sell_signal, title="Sell Signal",
location=location.abovebar,
style=shape.labeldown, size=size.small, color=color.red,
textcolor=color.white, text="SELL")
// Background coloring for trend
bgcolor(buy_signal ? color.new(color.green, 95) : sell_signal ?
color.new(color.red, 95) : na, title="Signal Background")
// Alerts
alertcondition(buy_signal, title="Buy Signal Alert", message="VWAP Volume Buy
Signal Generated (SuperTrend Bullish)")
alertcondition(sell_signal, title="Sell Signal Alert", message="VWAP Volume Sell
Signal Generated (SuperTrend Bearish)")
alertcondition(buy_signal or sell_signal, title="Any Signal Alert", message="VWAP
Volume Signal Generated")
// Optional: Plot volume data in separate pane (uncomment if needed)
// plot(show_volume_ma ? volume : na, title="Volume", color=color.gray,
display=display.data_window)
// plot(show_volume_ma ? volume_ma : na, title="Volume MA", color=color.orange,
display=display.data_window)
// plot(show_volume_ma ? buy_volume : na, title="Buy Volume", color=color.green,
display=display.data_window)
// plot(show_volume_ma ? sell_volume : na, title="Sell Volume", color=color.red,
display=display.data_window)
// Enhanced table to show current conditions including SuperTrend
if barstate.islast and show_signals
var table info_table = table.new(position.top_right, 2, 8, bgcolor=color.white,
border_width=1)
table.cell(info_table, 0, 0, "Condition", text_color=color.black,
bgcolor=color.gray)
table.cell(info_table, 1, 0, "Status", text_color=color.black,
bgcolor=color.gray)
table.cell(info_table, 0, 1, "Price vs VWAP", text_color=color.black)
table.cell(info_table, 1, 1, close > vwap_value ? "Above" : "Below",
text_color=close > vwap_value ? color.green : color.red)
table.cell(info_table, 0, 2, "SuperTrend", text_color=color.black)
table.cell(info_table, 1, 2, st_bullish ? "Bullish" : "Bearish",
text_color=st_bullish ? color.green : color.red)
table.cell(info_table, 0, 3, "Buy Vol vs MA", text_color=color.black)
table.cell(info_table, 1, 3, buy_volume > buy_volume_ma ? "Above" : "Below",
text_color=buy_volume > buy_volume_ma ? color.green : color.red)
table.cell(info_table, 0, 4, "Sell Vol vs MA", text_color=color.black)
table.cell(info_table, 1, 4, sell_volume > sell_volume_ma ? "Above" : "Below",
text_color=sell_volume > sell_volume_ma ? color.green : color.red)
table.cell(info_table, 0, 5, "Volume", text_color=color.black)
table.cell(info_table, 1, 5, str.tostring(math.round(volume)),
text_color=color.blue)
table.cell(info_table, 0, 6, "Volume MA", text_color=color.black)
table.cell(info_table, 1, 6, str.tostring(math.round(volume_ma)),
text_color=color.orange)
table.cell(info_table, 0, 7, "Current Signal", text_color=color.black)
table.cell(info_table, 1, 7, last_signal == "buy" ? "BUY" : last_signal ==
"sell" ? "SELL" : "NONE",
text_color=last_signal == "buy" ? color.green : last_signal ==
"sell" ? color.red : color.gray)
