Clean Overlay: VWMA /ADX Trend + VWAP Separation + ATR

If you find this indicator useful to your setup, please consider donating! It took me a lot of time and coding work to create this and any support would be AMAZING! Venmo: @TimInColor Thanks so much!

Clean Overlay: VWMA/ADX Trend + VWAP Separation + ATR

This indicator provides a clean and efficient way to monitor key market metrics directly on your chart without cluttering it with unnecessary lines or plots. It combines VWMA/ADX-based true trend, VWAP separation, and ATR into a single, customizable table overlay. By replacing traditional lines and plots with numerical values, this indicator helps you focus on the most important information while keeping your chart clean and easy to read.


Key Features:

VWMA Trend Direction:
Determines the overall trend using VWMA and VWAP.
Uses ADX to confirm trend strength.
Displays Bullish, Bearish, or Caution based on price position and ADX value.
Trend direction updates only on candle close to avoid false signals.


VWAP Separation:
Shows the distance between the real-time price and VWAP in points above or below.
Helps identify overextended price levels relative to the volume-weighted average price.


ATR (Average True Range):[/b
Displays the current ATR numerical value, which measures market volatility.
Useful for setting stop-loss levels, position sizing, and identifying periods of high or low volatility.


Customizable Table:

The table is fully customizable, including:
Position: Top-right, bottom-right, or bottom-left.
Colors: Customize text and background colors for each metric.
Opacity: Adjust the table’s transparency.
Border: Customize border width and color.


Alerts:
Set alerts for:

VWAP Separation: When the separation crosses a user-defined threshold.
ATR: When the ATR crosses a user-defined threshold.
Trend Direction: When the trend changes (e.g., from Bullish to Bearish or Caution).


How It Helps Clean Up Your Charts:

Replaces Lines with Numerical Values:
Instead of cluttering your chart with multiple lines (e.g., VWMA, VWAP, ATR bands, etc), this indicator consolidates the information into a single table with numerical values.

This makes your chart cleaner and easier to interpret, especially when using multiple timeframes or instruments.

Focus on Key Metrics:
By displaying only the most important metrics (trend direction, VWAP separation, and ATR), this indicator helps you focus on what matters most for your trading decisions.

Customizable and Non-Intrusive:
The table overlay is fully customizable and can be positioned in multiple places on the chart, ensuring it doesn’t interfere with your analysis or trading setup.


How to Use:
Add the Indicator:
Apply the script to your chart in TradingView.
Customize the settings in the Inputs tab to match your preferences.


Interpret the Table:

Top Row (Trend Direction):
Bullish: Price is above both the VWMA and VWAP, and ADX is above the threshold.
Bearish: Price is below both the VWMA and VWAP, and ADX is above the threshold.
Caution: ADX is below or equal to the threshold, OR price is between the VWMA and VWAP.

Middle Row (ATR):
Displays the current timeframe's ATR value, which indicates market volatility.

Bottom Row (VWAP Separation):
Shows the distance between the real-time price and VWAP. Positive values indicate price is above VWAP, while negative values indicate price is below VWAP.


Set Alerts:
Go to the Alerts tab in TradingView and create alerts for:

VWAP Separation: Triggered when the separation crosses a user-defined threshold.
ATR: Triggered when the ATR crosses a user-defined threshold.
Trend Direction: Triggered when the trend changes (e.g., from Bullish to Bearish or Caution).


Customize the Table:
Adjust the table’s position, colors, opacity, and borders to fit your chart’s style.


Example Use Cases:

Trend Following:
Use the Trend Direction to identify the overall market trend and align your trades accordingly.
For example, go long in a Bullish trend and short in a Bearish trend.


Volatility-Based Strategies:
Use the ATR value to adjust your position sizing or set stop-loss levels based on current market volatility.


Mean Reversion:
Use the VWAP Separation to identify overextended price levels and look for mean reversion opportunities.

Custom Interpretations and Uses
This information can be used for a bevy of different uses, and can fit into virtually every strategy as additional confluences and information.


Customization Options:

ADX Threshold: Set the threshold for determining trend strength (default is 23).
Table Position: Choose between Top Right, Bottom Right, or Bottom Left.
Text Colors: Customize the text colors for VWAP Separation, ATR, and Trend Direction.
Borders: Adjust borders width and color.


Example Output:
The table will look something like this:

Bullish
ATR: 1.45
VWAP Separation: 48

Final Notes:
This indicator is designed to simplify your chart analysis by consolidating key metrics into a single, customizable table that provides clear values for trend direction, VWAP separation, and ATR, helping you make informed trading decisions. By replacing unnecessary lines with numerical values, it helps you focus on what matters most while keeping your chart clean and easy to interpret. Whether you’re a trend follower, volatility trader, or mean reversion enthusiast, this indicator provides the tools you need to make informed trading decisions, and in a super clean and simple overlay.

If you find this indicator useful to your setup, please consider donating! It took me a lot of time and coding work to create this and any support would be AMAZING! Venmo: @TimInColor Thanks so much!