How to Master VWAP Ultimate Pro (MT5 & MT4) — A Step‑by‑Step User Guide
Analytics & Forecasts

How to Master VWAP Ultimate Pro (MT5 & MT4) — A Step‑by‑Step User Guide

21 July 2025, 00:53
The Hung Ngo
The Hung Ngo
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VWAP Ultimate Pro MT4 & MT5 combines institutional-grade Anchored & Session VWAP, dynamic sigma/percentage bands, smart alerts and a drag‑and‑drop GUI into one lightweight indicator. This guide shows you how to install, customise and trade using the indicator on MetaTrader 4 and MetaTrader 5.

1  Installing the Indicator

  1. Open MetaTrader (MT4 or MT5) → Market tab → search for “VWAP Ultimate Pro” (MT5) or “VWAP Ultimate Pro MT4”.
  2. Click Buy / Download.  The terminal will restart automatically.
  3. In the Navigator, expand Indicators → Market and drag VWAP Ultimate Pro onto any chart (M1–H4 recommended).

VWAP Ultimate Pro – MT5 installation

2  VWAP in 60 Seconds

  • VWAP – the Volume‑Weighted Average Price used by institutions to benchmark execution and gauge fair value.
  • Anchored VWAP – pins the calculation to an event (swing high/low, economic release, etc.). Anchors are set by clicking on the chart.
  • Session VWAP – restarts each trading session (Asia, Europe, US or custom hours).
  • Dynamic Bands – sigma (σ1 – σ3) or percentage bands highlight stretched prices.
  • VWAP Source – choose which price to weight: Close, Open, High, Low, HL2, HLC3, OHLC4.

3  Quick‑Start Checklist

  1. Attach the indicator – the default preset shows the Session VWAP with σ1 – σ3 bands.
  2. Select VWAP Source in the panel (default = HLC3).  Close or Low work best for mean‑reversion; OHLC4 for intraday momentum.
  3. Observe price behaviour:
    • Bounce on VWAP ⇒ trend intact.
    • Close below VWAP combined with σ1 cross ⇒ potential momentum reversal.
  4. Toggle alerts directly from the panel.
  5. To set an Anchored VWAP, change Anchor View (see below) to “Only” or “Overlay”, click the mouse‑toggle button, hover over the desired candle to preview the anchor and click to fix it.  Click the vertical marker to remove the anchor.

VWAP Ultimate Pro – on-chart control panel

⚠ Important Note for MT4 Users

  • Email alerts: MT4’s SendMail() relies on legacy protocols and most modern SMTP servers no longer accept the connection:contentReference[oaicite:1]{index=1}.  Push notifications or on‑chart pop‑ups are recommended.
  • Volume: MT4 supplies tick volume only.  Real‑volume VWAP is available on MT5.  The indicator auto‑switches, but differences may appear on FX pairs with sparse ticks.
  • Alert icons: MT4 draws “+ / –” icons instead of arrows.  Functionality is unchanged.

4  Control Panel – Every Button Explained

Control Description / When to Use
VWAP Mode Daily, Weekly, Monthly, Quarterly, Yearly, Session.  Select the timeframe that suits your strategy.
Anchor View Off (hide anchored VWAP/bands), Only (show only anchored VWAP/bands), Overlay (display anchored VWAP/bands alongside the selected VWAP Mode).  An anchor must be set via the mouse‑toggle button.
VWAP Source Choose Close, Open, High, Low, HL2, HLC3, OHLC4.  HLC3 (default) balances noise and signal.
Bands Display None, up to σ1 / σ2 / σ3.  Bands recalculate in real‑time.
Bands Base Standard Deviation (default) or Percentage of VWAP.
Shift Offset all lines left or right – useful for screenshots.
Hide ≥ D1 Stop drawing on daily/weekly charts to keep higher‑timeframe charts clean.
Display Values Show a compact legend (VWAP and bands) in the top‑right corner.
Use Tick Volume Forced ON in MT4; optional in MT5.
Colour Mode Toggle between Dark and Light panel themes to match your chart.
▼ Alert Section ▼
Alert Cross Type Current Price fires immediately; Closed Price waits for candle close.
VWAP ↑ / VWAP ↓ Enable up/down VWAP‑cross alerts.
B1 ↑ … B3 ↓ Same for σ‑band crosses.
Session Start Alert Notifies you X minutes before session open (offset set below).
Email Alert Works on MT5; on MT4 see note above.

Colour pickers match your chart theme in seconds.

5  Practical Trading Scenarios

5.1 Intraday Mean‑Reversion

  • Timeframe: M5–M15.  Use Session VWAP.
  • Fade extremes when price pierces σ2/σ3 and snaps back to VWAP.
  • Target the VWAP; stop beyond σ3.

5.2 Trend Continuation

  • Set an anchor at a news‑candle low (via Anchor View and mouse‑toggle).
  • Stay long above anchored VWAP; add on σ1 pullbacks.

5.3 Breakout Confirmation

  • Apply Daily VWAP on M30.
  • Trade only breakouts aligned with the VWAP slope.

VWAP Ultimate Pro – Strategy example

6  Alert Centre – Push / Email / Telegram

  1. Push: Tools → Options → Notifications → enable and enter your MetaQuotes ID.
  2. Email (MT5): set SMTP in Tools → Options → Email, tick “Enable”, then flip Email Alert in the panel.
  3. Email (MT4): Legacy SSL limits delivery – prefer push/pop‑up.
  4. With Closed Price, alerts fire only after candle close.
  5. Telegram (MT4 & MT5): attach the free utility Alert Relay Helper on one chart – step‑by‑step blog guide.
  6. Indicators bearing the “Alert Relay ready” badge broadcast via AES‑256.
  7. After the first signal you will receive messages from @AlertRelayHelper_bot .

7  Tips, Performance Tweaks & FAQs

  • Lag? Disable σ2/σ3 bands or hide the legend on low‑end PCs.
  • Licensing: One purchase allows unlimited activations on any terminal logged in with your MQL5 account.
  • Trial: The demo build runs only on demo accounts and displays a clear message on live accounts.
  • Tick vs real volume: Correlation on major FX pairs is adequate for intraday VWAP; MT5 real volume is superior for futures and stocks.
  • Anchor to an event? Yes. Set Anchor View to “Only” or “Overlay”, click the mouse‑toggle button, hover over the desired bar and click.
  • Save presets: Right‑click on chart → Template → Save Template.

Need support or feature requests?
DM me on MQL5 or Telegram.