I already understand how VWAP works, but I want to create my own VWAP indicator in Pine Script.
I’m not sure which built-in Pine Script functions I should use to calculate and plot it properly.
Can anyone help me with the right way to implement a custom VWAP in Pine Script?
Yes sir, you can definitely create your own VWAP using Pine Script’s built-in functions.
Pine Script already provides the ta.vwap() function, so you don’t need to manually calculate the VWAP from price and volume.
You can create it using:
//@version=6
indicator("Custom VWAP", overlay=true)
vwapValue = ta.vwap(close)
plot(vwapValue, "VWAP", color=color.blue)-> ta.vwap() calculates the VWAP using the selected source.
-> Here, close is used as the source for the VWAP calculation.
-> The result can then be plotted directly on the chart.
You can also make the source configurable:
source = input.source(close, "Source")
vwapValue = ta.vwap(source)
plot(vwapValue, "VWAP", color=color.blue)=> This approach is useful when you understand the indicator’s logic but want to use Pine Script’s built-in functions instead of manually recreating the entire calculation.
So that’s how you can create your own VWAP using Pine Script’s built-in function.