Spot Vwap Diff [Auto+Osc] [Intromoto]

This script shows the percent difference from price, or in percent terms how far away price is from it. This is the oscillator version.

Roughly, the further price goes away from the vwap , the more likely it is to revert.

This script only runs properly on Binance perpetual charts, and auto updates to the SPOT, underlying asset, difference between price and the vwap . The vwap has a resolution option to change the timeframe of the Vwap .

IMPORTANT: If you are not on a Binance perpetual chart, this script will reference the VWAP difference to price on Binance:BTCUSDT.
If you're using this on a recently listed coin, there's a chance I haven't updated the script. Check accordingly.

Settings include bracketing for color reference. High time frame VWAP resolution will cause the colors to go extreme, since price can move further away on high time frames.
I'm hoping to update this script to account for normal uses on high time frame settings.

DM for access.

Thanks

Release Notes

Switched to centered oscillator version to note trading direction. Changed metrics and labels accordingly.

Release Notes

Removed bgcolor and changed percent steps to 0.1

Release Notes

Updated tickers. Added Perp check to avoid applying data to wrong assets

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Intromoto directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

DM for Access

Warning: please read our guide for invite-only scripts before requesting access.

Intromoto

DM for access.
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twitter.com/IntroMoto

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Invite-only script

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.