Mr. Snappy

Mr. Snappy is an advanced VWAP mean reversion indicator designed to identify high-probability price reversals when markets become overextended from the Volume Weighted Average Price (VWAP). Like a curveball that appears to be going one direction before snapping back, Mr. Snappy identifies when price has stretched too far from VWAP and is primed to snap back to equilibrium. Built for intraday traders seeking precision entries with clearly defined risk management.

CORE FEATURES:

Adaptive ATR-Based Bands - Dynamic threshold zones that adjust to market volatility

Auto ATR Technology - Automatically calibrates band placement based on historical price behavior within a 20-40% ATR range, analyzing where price has historically reversed near VWAP to create "brick wall" resistance levels

Predictive Band Algorithms - Five experimental modes for advanced traders:
• Recent Reversal Points: Averages historical reversal distances
• Volume-Weighted Reversal: Weights reversals by volume significance
• Failed Breakout Detection: Tracks where momentum breaks failed
• Multi-Timeframe Confluence: Analyzes higher timeframe VWAP distances
• Linear Regression Channel: Statistical deviation bands

Dual Signal System - Overextended mean reversion signals for stretched price action plus VWAP reaction signals for bounces and rejections in trending markets

Automatic SL/TP Lines - Extends stop loss and take profit lines forward until price hits them, keeping your risk management visible throughout the trade

Flexible Take Profit Targeting - Multiple TP calculation methods:
• VWAP (classic mean reversion target)
• VWAP Bands (opposite band target)
• Fixed Risk-Reward Ratios (1:1 through 7:1)
• 50% Pivot Retracement
• Percentage to Daily High/Low

Confirmation Logic - Optional two-candle confirmation system requiring directional movement before signal trigger, filtering whipsaw entries while adding slight delay

Overextended Tolerance - Adjustable buffer zone from 0-50% requiring price to extend beyond the bands by a specified amount before triggering signals, preventing premature entries on minor extensions

CUSTOMIZATION OPTIONS:

Toggle between manual ATR threshold or Auto ATR for dynamic adjustment
Show or hide bands and fills for clean chart presentation while keeping signals visible
Adjustable pivot types - Local pivots for recent price action or Swing pivots for longer-term reference points
Multi-timeframe analysis support for confluence trading
Fully customizable ATR length, lookback periods, tolerance levels, and band calculation methods

USE CASES:

Scalping overextended moves that snap back to VWAP
Day trading mean reversion setups on liquid instruments
Fading extreme deviations when price stretches beyond statistical norms
VWAP bounce and rejection plays in trending conditions
Quick reaction trades when price touches VWAP in a defined trend

RISK DISCLAIMER:

VWAP resets daily at the start of each trading session. If holding trades across sessions, take profit targets may become invalid as VWAP recalculates. Always reference the NEW VWAP level as your exit target after reset. Consider closing positions before session end or manually adjusting targets. TP lines do NOT auto-update after VWAP reset.

This indicator is a tool for technical analysis and does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management and position sizing.

BEST PERFORMANCE:

Mr. Snappy works optimally on liquid instruments including stocks, futures, forex majors, and cryptocurrency on intraday timeframes ranging from 1-minute to 15-minute charts. Higher timeframes may produce signals but mean reversion setups are strongest on shorter intervals where VWAP acts as a strong gravitational center.

Experimental features including Auto ATR and Predictive Bands are clearly marked with visual warnings when active. These advanced algorithms may impact performance on lower-end devices when analyzing extensive historical data.

TECHNICAL SPECIFICATIONS:

Uses daily ATR for volatility-adjusted bands
VWAP calculation includes volume weighting for institutional price levels
Pivot-based stop loss placement using recent swing highs and lows
Local pivot lookback default: 2 bars | Swing pivot lookback default: 5 bars
Auto ATR analysis period: 50 bars (configurable 20-200)
Maximum active SL/TP lines: 50 (automatic cleanup)
Overextended tolerance default: 1%
Manual ATR threshold default: 30%

Premium indicator developed for serious intraday traders who demand precise entries, disciplined exits, and adaptive market analysis. Mr. Snappy identifies when price has thrown a curveball and is ready to snap back to the mean.