Live on TradingView · Pine Script v6

Trade smarter with
Dark Bands Strategy

VWMA Volatility Bands with Exhaustion Detection and ADX Trend Filter. Three entry modes — from pure breakouts to full confluence.

0%
Net Profit
Mar 30 — Jun 9, 2026
0%
Win Rate
112 / 146 trades
0
Profit Factor
Backtest result
0%
Max Drawdown
Peak-to-trough
Performance

Backtest Results

Tested on 1000PEPE · 70 days · 146 trades. Equity grows steadily with controlled drawdowns.

Dark Bands Strategy — Equity Curve 1000PEPEUSDT
Cumulative PnL curve · 1000PEPEUSDT
Dark Bands Strategy — Chart with signals
Entry signals on chart · 1000PEPEUSDT 5m
Mechanics

How It Works

01 — BANDS
VWMA Volatility Bands
Dynamic bands built on Volume-Weighted Moving Average with Standard Deviation multiplier. Price touching the outer band (0.764σ) signals potential exhaustion of the current move.
02 — EXHAUSTION
Lele Exhaustion Pattern
Detects exhaustion candles: a series of closes in one direction followed by a reversal bar at a multi-period high or low. Confirms that momentum is fading before entry.
03 — FILTER
ADX Trend Strength Filter
Optional ADX filter blocks entries in weak, choppy markets. Only trades when trend strength is within your defined range — eliminating low-probability setups automatically.
Entry Modes

Three Strategies in One

Switch between modes directly in the settings panel — no code changes needed.

MODE 1 — BREAKOUT
Band Cross Entry
Enters immediately when price crosses the outer band. Best for trending markets with strong momentum.
MODE 2 — EXHAUSTION
Reversal Entry
Enters on Lele exhaustion signal only. Best for range-bound markets and counter-trend setups.
MODE 3 — CONFLUENCE
Both Signals Align
Band cross AND exhaustion must occur within 5 bars. Highest accuracy, fewer trades. Best overall risk/reward.
Settings

Recommended Parameters

LENGTH
100
VWMA smoothing period. Increase for smoother bands on higher timeframes.
MULTIPLIER
3.0
Standard deviation width. Higher value = wider bands, fewer signals.
ADX RANGE
25 – 100
Trend strength filter. Set to 25–100 for trending markets, disable for ranging.
Best Pairs & Timeframes
BTCUSDT · 15m 1H
XAUUSD · 1H 4H
EURUSD · 1H 4H
NQ1! · 1H
ETHUSDT · 15m

Ready to use Dark Bands?

Free to use on TradingView. Built with Pine Script v6. Open source.