vwap-mtf-supertrend-indicator

Trading View Script Link https://in.tradingview.com/script/EoYskW99-Vwap-Supertrend-Intraday-Scalp/

⚡ Institutional VWAP + MTF Supertrend Scalper (Session Capped Engine)

📌 Overview

Overtrading is the #1 account killer for retail scalpers. Most momentum indicators flood your chart with dozens of conflicting signals during low-volume chop, leading to fee erosion and revenge trading.

The Institutional VWAP + MTF Supertrend Scalper Pro is a high-conviction intraday execution engine designed to capture high-probability momentum bursts while enforcing strict daily discipline. By combining Intraday VWAP with a Higher Timeframe Supertrend and strict Volume & Candle Body Filters, it isolates high-quality institutional breakouts—and automatically caps executions at 3 qualified signals per trading session.

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🔥 What Makes This Unique? (The Quantitative Edge)

1. Intraday Session Signal Hard-Cap (Max 3 Trades/Day): The indicator tracks total trades executed per intraday session and automatically resets at the open (time("D")). Once 3 qualified signals fire, the system locks up to prevent overtrading during late-day choppy consolidation.
2. Volumetric Gate (Institutional Order Flow Filter): Signals will never trigger on weak volume. The breakout candle must carry a configurable volume surge (Default: > 1.2x of its 20-period SMA) to confirm real institutional participation.
3. Candle Body Conviction Gate (> 50% Body-to-Range): Eliminates false breakouts caused by dojis, spin-tops, or long-wick rejections. The candle body must comprise at least 50% of the entire High-Low range.
4. State-Transition Crossover Engine: Blocks consecutive duplicate signals. Labels fire strictly once on the exact bar where alignment flips, giving you clean, non-cluttered chart execution.
5. Zero-Repaint HTF Security Engine: Built using closed-bar historical referencing (lookahead=barmerge.lookahead_off and barstate.isconfirmed), ensuring every signal printed on your chart is 100% fixed and historical-backtest accurate.

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📊 Key Metrics Displayed on the Analytics HUD

• Session Trades Counter:** Real-time tracking of current session executions (e.g., 2 / 3).
• Volume Spike State:** Instant visual check if the current candle satisfies the 1.2x volume threshold.
• Candle Conviction Status:** Displays real-time body-to-range ratio percentage.
• Engine Execution Status:** Displays whether the system is BULLISH READY, BEARISH READY, WAITING ALIGNMENT, or LIMIT REACHED.

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🛠️ How to Trade With It

Bullish Scalp (BUY): Price closes Above VWAP + HTF Supertrend is Bullish + Volume Spike Passed + Candle Body > 50%* $\rightarrow$ BUY Label Fires**. Bearish Scalp (SELL): Price closes Below VWAP + HTF Supertrend is Bearish + Volume Spike Passed + Candle Body > 50% $\rightarrow$ **SELL Label Fires.

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⚙️ Recommended Default Settings

• Lower Timeframe (Execution Chart):** 1m, 3m, or 5m
• HTF Supertrend Setting:** 15m (Default)
• Max Signals Per Session:** 3
• Min Volume Threshold:** 1.2x
• Min Candle Body:** 50%

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**Scalper Tip: Pair this indicator with your level-2 order book or market profile to execute quickly when the HUD displays FULL ALIGNMENT.