Polaris VWAP Mesh

The Polaris VWAP Mesh indicator tracks four independent anchored VWAPs simultaneously—Session, Swing-High, Swing-Low, and Previous-Day-Open—to detect volatility-scaled confluence zones and multi-anchor trend bias. It provides a comprehensive view of institutional volume-weighted price levels, identifying high-probability support and resistance areas where multiple anchors intersect.

Usage

The Usage section describes how the script can be used to identify trend regimes and key liquidity levels.

• Confluence Trading: The tool identifies "Mesh Bands" or confluence zones where two or more VWAP anchors are within a specific ATR-scaled proximity. These zones act as price magnets; traders often look for rejections at these levels for mean reversion or high-volume breakouts for trend continuation.
• Multi-Anchor Bias: The script calculates a score (0–4) based on how many VWAPs are currently below the price. A score of 3 or 4 indicates a strong bullish regime, while 0 or 1 indicates a bearish regime. Background tints and iridescent candle coloring provide immediate visual feedback on this bias.
• Institutional References: The Previous-Day-Open (PDO) VWAP serves as a major daily pivot. Crosses above or below this specific anchor often signal a shift in intraday sentiment.
• Mean Reversion: Using the ±1 standard deviation bands, traders can identify overextended conditions relative to specific anchors (like the Session or Swing pivots) for potential short-term reversals.

Details

The script utilizes a non-repainting execution logic, ensuring that swing-anchored VWAPs only begin tracking after a pivot is confirmed by the user-defined lookback period.

• Anchor Logic:
  • Session: Resets at the start of the user-defined session window (defaulting to New York hours).
  • Swing-High/Low: Resets at confirmed pivot points.
  • Previous-Day-Open: Anchors to the open of the prior daily bar.
• Confluence Detection: Rather than using a fixed percentage, the script uses an ATR-scaled proximity threshold. This allows the confluence detection to adapt automatically to the instrument's current volatility.
• Multi-Anchor Bias Score: Aggregates the state of all four VWAPs into a single dashboard and visual pulse.
• Distance Matrix: A real-time data block displays the mathematical distance between all six possible pairs of VWAPs, highlighting the tightest pairs to indicate where the strongest confluence is forming.

Settings

Anchors

• Session VWAP Window (EST): Defines the time range for the session-anchored reset.
• Swing Pivot Length: The number of bars required to confirm a structural high or low for anchor resetting.

Bands

• Standard Deviation Multiplier: Adjusts the width of the deviation envelopes (default is 1.0).
• Show Deviation Band Shading: Toggles the visual fill between the upper and lower deviation lines.

Confluence

• Proximity Threshold (× ATR): Sets the sensitivity for confluence detection; lower values require VWAPs to be closer to trigger a zone.
• Show Confluence Mesh Bands: Toggles the horizontal bands drawn at active pairwise confluence levels.

Visuals

• Bullish/Bearish Colors: Sets the primary color scheme for bias and candles.
• Per-Anchor Toggles: Allows users to hide or show individual VWAP lines (Session, SH, SL, PDO).
• Iridescent Candles: Enables candle recoloring based on the multi-anchor bull/bear count.

Dashboard

• Dashboard Position/Size: Adjusts the location and scale of the on-screen data panel.

FAQ

How do I interpret the Multi-Anchor Bias score?
The score ranges from 0 to 4. A score of 4 means price is above all four anchored VWAPs (Strongly Bullish), while a score of 0 means price is below all four (Strongly Bearish). Scores of 2 indicate a neutral or range-bound environment.

Why do the Swing VWAPs start later than the pivot high/low?
To prevent repainting, the script only anchors a VWAP once a pivot is mathematically confirmed. This ensures that the levels seen on the chart are the same levels that were available in real-time.

How can I access the Polaris VWAP Mesh?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.