Every figure, name, setting and definition this video puts on screen, chased to the place it actually comes from.
The tool the video takes apart is a real, published one, and its module list is not a paraphrase: it is the list its own page gives.
Name and author. “Colby Cheese VWAP Setup”, by the TradingView user dscottmuller, published in a v1.0 and a later v2.0. Free to use, published closed source. https://www.tradingview.com/script/4s5uadpn-Colby-Cheese-VWAP-Setup-v1-0/ https://www.tradingview.com/script/H62iZaXq-Colby-Cheese-VWAP-Setup-v2-0/
What it combines. Change of character detection, VWAP deviation bands, an EMA stack bias, a delta and cumulative volume delta filter, strongest imbalance logic, engulfing confirmation, and fixed range volume profile based entry zones. Same source as above. This is the list the video walks through in order, and it is why the video treats the tool as a stack rather than as a single signal.
The EMA periods on screen are 13, 35 and 50, which are the periods the indicator’s own stack bias uses. Same source as above. Nothing in this video shows a moving average length that the tool does not actually use.
Change of character detection in this tool reads swing highs and lows from either the chart’s own data or a three minute feed. Same source as above.
Entry zones are pullback zones drawn to recent range extremes using fixed range volume profile. Same source as above.
In v2.0 an anticipation mode draws its lines and labels when delta and bias agree before the change of character is confirmed, and change of character signals only fire when the price change agrees with the EMA bias. https://www.tradingview.com/script/H62iZaXq-Colby-Cheese-VWAP-Setup-v2-0/
Definition and formula. The volume weighted average price is the average price weighted by volume, computed as cumulative typical price multiplied by volume, divided by cumulative volume. Price moves on higher volume carry more weight than price moves on low volume, which is the whole difference between it and an ordinary moving average. https://www.tradingview.com/support/solutions/43000502018-volume-weighted-average-price-vwap/
It is an intraday reference and it resets. The calculation begins at the open and stops at the close, and the anchor period controls how often it restarts. That reset is why it reads as a fair value reference for the session rather than a longer average, and it is why the charts in this video are built one session at a time. https://www.tradingview.com/support/solutions/43000502018-volume-weighted-average-price-vwap/
Deviation bands. Bands set a chosen number of standard deviations above and below the VWAP line, used as dynamic support and resistance and as a way to see when intraday price has stretched a long way from the line. The charts here draw one and two standard deviations, which is the common pair. https://help.trendspider.com/kb/indicators/vwap-with-st-dot-dev-bands https://www.schwab.com/learn/story/how-to-use-volume-weighted-indicators-trading
They are built from past prices and they lag. A moving average follows price action rather than leading it, and the longer the average, the more it lags. That is the basis for the video’s point that a stack can confirm momentum after the clean part of a move has already gone. https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-overlays/moving-averages-simple-and-exponential https://www.schwab.com/learn/story/simple-vs-exponential-moving-averages
An exponential moving average weights recent prices more heavily than older ones, which makes it quicker to react than a simple average while still trailing price. https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-overlays/moving-averages-simple-and-exponential
Delta and cumulative volume delta. Delta is the difference between volume traded aggressively at the ask and volume traded aggressively at the bid. Cumulative volume delta is the running total of that, rising while aggressive buying dominates and falling while aggressive selling does. https://www.luxalgo.com/library/concept/cumulative-volume-delta/
Absorption. When aggressive selling keeps arriving and price refuses to fall, the aggression is being met by passive orders that keep refilling. This is exactly the case the video describes as aggressive selling looking bearish at the moment price stops going down, and the reverse for buying. https://bookmap.com/blog/how-cumulative-volume-delta-transform-your-trading-strategy
Effort against result. Where price makes a new extreme and cumulative volume delta does not follow, the aggression is not producing progress. That divergence is the documented reading behind the video’s point that the pressure can exist while the result does not. https://www.luxalgo.com/library/concept/cumulative-volume-delta/
Change of character. A break of the most recent higher low in an uptrend, or of the most recent lower high in a downtrend. It is read as a warning of a possible turn. https://dailypriceaction.com/blog/smc-market-structure/
Break of structure, by contrast, is a break in the same direction as the existing trend and is read as continuation. The distinction matters to the video’s argument that a break is a question about which of the two just happened, not an answer. https://dailypriceaction.com/blog/smc-market-structure/
Repainting is an indicator changing its historical signals once later bars arrive, so a marker moves or disappears from where it first showed. Testing against repainted history reads future information into the past. https://blog.traderspost.io/article/what-is-repainting-in-tradingview https://crosstrade.io/blog/pine-script-repainting
Acting only on a confirmed bar. The documented way to avoid taking a signal that has not finished forming is to require the bar to be closed before acting on it. This is the basis for the video’s point that a test should assume the trader could only act after the close. https://crosstrade.io/blog/pine-script-repainting
The video is careful that a condition confirming late is not the same thing as repainting, and that distinction is the one the sources above draw as well: a signal that needs several conditions to align is visible late, while a repainting one moves after the fact.
Every chart in this video is illustrative. The price series are generated to show a mechanism cleanly, and they are labelled on screen as illustrative wherever they appear. They are never used to claim that a particular move, win rate or result happened in a real market, and no performance figure, backtest result or historical price appears anywhere in the video.
The indicator settings drawn on those charts are the real ones listed above.