Far below VWAP, and still falling
The market has climbed all week. This morning, though, price has been sliding for an hour, and another long red candle has just closed far below the day's average. Buy here and you may be catching a falling knife; wait, and you may miss the bounce. Is this the selling's last gasp, or only the middle of a bigger drop?
Two PulseFlow indicators look at that moment from different angles. PulseFlow Drift VWAP Intraday measures how far price has run from the day's average and marks when it starts to come back. PulseFlow - Flow Exhaustion & Reversal v2.1 EXP, FlowRev 2.1 for short, watches the pressure behind the move and warns when it may be running out. One measures distance; the other, pressure. Together they break that all-or-nothing question into pieces you can see on the chart.
Drift VWAP Intraday: how far has price gone?
The VWAP is the day's average price, giving more weight to where more trading happened. Drift draws it with three bands above and three below, so a glance tells you whether price is staying close to the average or has stretched out to the far bands.
When price has stretched to an extreme and starts to come back, Drift marks a BUY or a SELL, confirmed at the candle close.
FlowRev 2.1: is the push running out?
Distance alone does not tell you whether the push is still alive: price can sit far from the VWAP and keep going. FlowRev 2.1 estimates buying and selling pressure from each candle, and when it detects possible exhaustion it draws a W, the warning its page calls WARN. The W raises the question.
The confirmation, if it comes, is a REV. It appears only when price breaks out in the direction of the turn and short-term pressure flips the same way at the candle close. A warning can also expire or be invalidated, so some Ws never get their REV.
The same morning, with both on the chart
Back to that falling morning, as a hypothetical example. The selling has pushed price out to Drift's lower bands. A W appears: FlowRev sees possible exhaustion in the selling. A few candles later price turns back toward the VWAP, and Drift marks a BUY at the close. Then comes a REV to the upside: the turn has met FlowRev's confirmation conditions.
Where there was one long red candle and a hunch, you now have four separate pieces: the stretch, the warning, Drift's BUY and the confirmation. They can arrive in another order, or not all arrive, and the gaps are part of the reading: a BUY with no W nearby tells you about distance only; a W while price hugs the VWAP is a warning with no stretch behind it.
Drift does not detect the trend; here the rising week tells you which way it runs, and this BUY goes with it, which is how Drift suggests reading its marks. In a falling market, flip it all: a spike far above the VWAP, a W warning of buying exhaustion, a SELL and a REV to the downside.
Setting up the chart
Put both on the same intraday chart, anywhere from one minute to four hours, the range Drift supports. Its default mode, Band re-entry, works across that whole range; the other mode, Original pullback, is built for the 15-minute chart.
You will see the VWAP and its bands, Drift's BUY and SELL, and FlowRev's W and REV. A set number of candles after each BUY or SELL, Drift adds a small marker: green if price moved its way, red if not. In Band re-entry mode, a compact panel on the left counts them, with the share that moved favorably and the average move on your symbol: a descriptive count of Drift's own marks, not a backtest. Original pullback has no statistics. Drift can also send an alert at each BUY or SELL, so you do not have to sit glued to the screen.
Drift builds its VWAP from one-minute data, so the history you see depends on your TradingView plan. FlowRev 2.1 is an experimental version. It reads each candle's prices and volume, not footprint data (the detailed record of trading inside each candle), so your market needs volume data.
Where to start
How you combine their marks is for you to work out.
Prices for PulseFlow indicators are not active for now: details are in the pricing section. Run both for a few sessions on an intraday chart of your market and see whether the stretch, the W and the BUY or SELL help you tell a move that is ending from one only halfway through.