Scott’s List · indicator review
The short version. The official TradingView indicator suite built by Flux Charts with Chris Drysdale: VWAP with deviation bands, Initial Balance, session and composite volume profile, CVD, and a dashboard that flags which of the four market conditions you’re in. Subscription-based.
Evidence level: Researched; my own notes to follow.
What it is
The VWAP Wave System Toolkit is an invite-only TradingView indicator sold by Flux Charts and developed with Chris Drysdale. It draws the system’s map for you: VWAP and its bands, Initial Balance levels with break-and-retest labels, session and composite volume profile with points of control and value areas, cumulative volume delta with divergence and absorption flags, and a dashboard that reads the current condition as discovery, balanced, or fading. You subscribe, give them your TradingView username, and the indicator appears in your invite-only scripts.
The facts at a glance
- Sold as a monthly subscription, billed yearly for the lowest rate, with a bundle option that adds Flux Charts’ other tools.
- Runs on TradingView, including the free plan, as an invite-only script.
- Covers VWAP bands, Initial Balance, session and composite volume profile, low-volume zones, CVD, and a four-condition dashboard.
- Documentation, video tutorials, and a Discord for support.
- Chris’s own charts in the community use it, so what you see matches what’s taught.
Figures are as published at the time of writing and change without notice. Read the current terms on the company’s own site before you pay for anything.
How it fits the VWAP Wave System
This is the system drawn on the chart. Everything I built my own Pine scripts to do, it does in one indicator, plus a condition dashboard I never managed to write cleanly. The risk is the obvious one: a dashboard that says “balanced” is a prompt, not a permission slip. The system still asks you to name the condition yourself and grade the setup. Use the toolkit to see faster; don’t use it to think less.
Scott’s notes
I built my own versions of most of these tools before the toolkit existed, and I still run my scripts alongside it. My full comparison, and what the dashboard gets right and wrong on the days I journal, is coming here.
Verdict
If you’re committed to the system, it’s the fastest way to see the chart the way it’s taught. If you’re still deciding, read the book first; the indicator is only useful once you understand what it’s drawing.
Disclosure. VWAP.biz is an independent site written by Scott West, a paying member of Drysdale Trading Group. The VWAP Wave System™ is Chris Drysdale’s work, and this site is not affiliated with or endorsed by him. Links to his book, toolkit, and community are affiliate links: if you buy through them I may earn a commission at no extra cost to you. Nothing here is financial advice, and trading futures carries a risk of loss. Full disclosure · Risk disclaimer
Ready for the system itself, not just my lessons on it?
I explain the VWAP Wave System from a student’s chair. Chris Drysdale teaches it. Start with his free Core Setup Guide, read the book, or take seven days inside Drysdale Trading Group and watch it traded live.