DeltaATR + VWAP DIF + MA's

I attempted to create an indicator using a different approach to analyzing potential trend reversals, and although it is still a work in progress, it is already fully functional. The indicator combines the price relative to VWAP with ATR normalization, providing a way to measure deviations in terms of market volatility.

How the indicator works:

Delta Calculation:
The core of the indicator calculates the difference between the current price and the VWAP (Volume Weighted Average Price), then normalizes this difference by the ATR (Average True Range). This provides a volatility-adjusted measure of how far the price has moved relative to its typical range.

Histogram Visualization:
The deltaATR is displayed as a histogram, where positive values indicate the price is above VWAP and negative values indicate it is below. The histogram is color-coded for easy interpretation: typically red for above VWAP and green for below, with configurable transparency.

Dual Moving Averages:
Two moving averages (fast and slow) are applied to the deltaATR. This creates a crossover system:

When the fast average crosses above the slow average, it may indicate an upcoming bullish reversal.

When the fast average crosses below the slow average, it may indicate a potential bearish reversal.

Zero Line Reference:
A reference line at zero corresponds to VWAP, helping traders see whether price is generally above or below the average volume-weighted level.

Alert Lines (Optional Panel):
A second panel provides four configurable alert lines, allowing users to set key thresholds to monitor extreme deltaATR values. These lines are thin, dashed, and fully customizable in terms of color and thickness.

Panel for Values and Signals:
The indicator includes a side panel showing:

Current deltaATR

Fast and slow averages

Current trend signal (Bullish, Bearish, or Neutral)

How it can be used:

Identify potential trend reversals by monitoring the crossover between the fast and slow averages of deltaATR.

Use the histogram to observe when the price is deviating significantly from VWAP in terms of ATR.

Set alert lines for specific thresholds to highlight overextended conditions or significant volatility moves.

Combine with other technical indicators for confirmation before entering or exiting trades.

This indicator is particularly useful for traders looking to anticipate reversals in volatile markets, as it adapts the delta measure to the current market conditions using ATR normalization, making it more responsive and robust than raw price deviations alone.