VWAP_2 is a mean reversion trading indicator designed to help traders spot potential reversal zones around VWAP using sigma-based deviation bands, Bollinger Band confirmation, ATR filtering, pivot levels, and clear chart visuals.

What this indicator analyzes

- VWAP value over a configurable lookback window

- Standard deviation (sigma) around VWAP to identify stretched price conditions

- Bollinger Bands for additional confirmation

- ATR for volatility filtering and risk context

- Pivot levels from a selectable timeframe

- Current price location relative to VWAP and outer bands

How signals are shown

- Green up arrow: bullish mean reversion setup with Bollinger confirmation

- Red down arrow: bearish mean reversion setup with Bollinger confirmation

- Gray arrows: price reached an extreme zone, but confirmation is still weak

- HUD panel: shows current status, price, VWAP, sigma, ATR, pivot levels, zone, SL/TP projections, and risk/reward estimates

- Optional Telegram alerts for live signal notifications

How to interpret it

This indicator is built for traders looking for pullback or reversion opportunities when price moves too far away from VWAP.

- BUY idea: price pushes into the lower deviation zone and confirms with Bollinger support

- SELL idea: price pushes into the upper deviation zone and confirms with Bollinger resistance

- Gray arrows can be treated as early warning signals, while colored arrows indicate stronger setups

- The HUD helps quickly assess whether conditions are aligned or whether the market is still in a waiting state

Main features

- VWAP-based mean reversion logic

- Configurable sigma bands

- Bollinger Band confirmation filter

- ATR filter for volatility control

- Automatic SL, TP1, and TP2 projection

- Risk/reward display in the HUD

- Pivot lines with optional labels

- Compact or extended HUD mode

- Optional Telegram alerts on live bars only

Key settings

- Sigma Window: controls VWAP and sigma calculation depth

- Entry Sigma: sets how far price must stretch from VWAP

- BB Period / BB Std: Bollinger Band sensitivity

- ATR Period / Min ATR / Max ATR: volatility filter settings

- SL Sigma Mult / ATR SL Mult: stop-loss projection logic

- TP1 Sigma Mult / TP2 Sigma Mult: target projection logic

- Pivot TF / Pivot Source Shift / Pivot Time Offset Hours: pivot calculation controls

- Enable Telegram: toggles live signal notifications

Typical use cases

- Intraday FX trading

- Gold and index mean reversion setups

- Scalping and short-term discretionary trading

- Traders who want a visual framework for stretched price conditions

- Traders who want signal alerts without watching the chart constantly

Best suited for

- Discretionary traders

- Intraday traders and scalpers

- Traders who understand mean reversion behavior

- Users who want a structured chart overlay instead of a black-box indicator

Important notes

- This indicator is not a fully automated strategy

- Mean reversion setups can fail in strong trending or news-driven markets

- Signals should be confirmed with market context, trend structure, liquidity, and risk management

- Telegram alerts are intended for live signal monitoring, not historical backtesting

- Best results usually come from combining the indicator with session awareness and disciplined trade selection

You just need to ajust settings to your TF, awarer news and start to trade :)