VD FRFS PRO

VD FRFS PRO

This trader centric, multi-functional indicator built on Pine Script v6 that seamlessly integrates four of the most critical price and volatility tools into a single overlay. Designed for day traders, swing traders, and institutional analysts, this tool provides a comprehensive view of volatility, trend, volume-based pricing, and structure, all without chart clutter.


Overview & Concept

The VD FRFS PRO is engineered for efficiency and clarity. Instead of layering four separate indicators, which can lead to performance issues and confusion, this script combines the calculations into one, allowing traders to execute complex technical analysis rapidly.

It serves as a powerful foundation for strategies that require:
1. Volatility Assessment (Bollinger Bands)
2. Volume-Weighted Fair Value (VWAP)
3. Price Structure & Swings (Zig Zag)
4. Dynamic Trend Filtering (Configurable SMA)


Customization & Settings

All inputs are logically grouped for ease of use in the indicator's settings menu.

Bollinger Bands Settings
BB Length: Period for the Basis SMA and StdDev calculation (default: 20).
BB Source: Price series for the calculation (default: `close`).
BB StdDev Multiplier: Multiplier for the Standard Deviation (default: 2.0).
BB Offset: Shifts the bands horizontally (default: 0).

VWAP Settings
VWAP Source: Price series for the VWAP calculation (default: `hlc3`).

Zig Zag Settings
Zig Zag High/Low Length: Lookback period for determining swing points (default: 3).

SMA Settings
SMA Period: Lookback period for the configurable SMA (default: 20).
Show SMA: Checkbox to toggle the visibility of this SMA (default: `true`).


Disclaimer

Feel free to reach out for suggestions and modification requests.