Multi Anchor VWAP Pro User Guide – Anchored VWAP Mastery for MT4 & MT5
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Multi Anchor VWAP Pro User Guide – Anchored VWAP Mastery for MT4 & MT5

30 July 2025, 04:18
The Hung Ngo
The Hung Ngo
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Multi Anchor VWAP Pro lets you plot several anchored VWAPs, display deviation or percentage bands and receive instant alerts – all through a lightweight point-and-click panel. This guide walks every user through installation, anchoring, settings and best practice in clear language.

Download

Why use Anchored VWAP?

  • Shows the true average traded price from any start point you choose (session open, swing high, news event …).
  • Balances price with volume – an objective institutional tool for support / resistance.
  • Filters noise and highlights fair value at a glance.

Main Features

  • Multi-anchor mode – drop up to 20 anchors simultaneously.
  • Mouse preview – hover the cross-hair to preview VWAP before anchoring.
  • Deviation or percentage bands – switch between σ1-σ3 or your own % steps.
  • Pop-up and email alerts – trigger when price crosses VWAP or any band (real-time or on candle close).
  • Floating GUI – one-click colour, theme, band and alert toggles.
  • Light / Dark skin – instant eye-comfort mode.
  • Identical workflow on MT4 & MT5.

Quick Start

1. Installation

  1. Open MetaTrader, go to the Market tab, search for Multi Anchor VWAP Pro and click Download.
  2. Restart the terminal so the indicator appears under Navigator ▸ Indicators ▸ Market.

2. Attach to Chart

  1. Drag Multi Anchor VWAP Pro onto any main chart window.
  2. Enable Allow DLL imports. For email alerts, configure SMTP under Tools ▸ Options ▸ Email .

3. Place Your First Anchor

  1. Click the small button at bottom-right labelled Mouse: OFF. It changes to Mouse: ON.
  2. Move the mouse – a live VWAP preview follows the cursor.
  3. Left-click once to anchor. A vertical line marks the start and lines update in real-time.
  4. Repeat for each key event. Press [ Clear All ] to remove every anchor.

Parameter Reference

Parameter Description Tip
MaxAnchors Maximum simultaneous anchors. Lower for a cleaner chart.
BandsMode Show none, σ1, σ2 or σ3 bands. σ1 ≈ 68 % of action.
BandsBase Standard Deviation or fixed Percentage. % works well on volatile assets.
VWAP Source Price formula (HLC3, HL2, OHLC4, etc.). HLC3 is industry default.
Sigma Multipliers Distance of σ1-3 when using StdDev. Scalpers often use 0.5–1.5.
PercentStep Band width when using % mode. 0.5 = ±0.5 % around VWAP.
Shift Offset plots to the right. Use 2-3 bars on M1–M5.
Alert Options Select up / down crosses for VWAP or any band. Combine with Email for 24-hour coverage.
Color Mode Toggle light or dark interface. UI remembers your choice.


Platform Notes

  • MT5 specific – choose Tick or Real volume with UseTickVolume .
  • MT4 – MetaTrader 4 only offers tick volume; handled automatically.

Telegram Alerts

If you prefer Telegram notifications, follow the official guide:
How to route MetaTrader alerts to Telegram

Best Practice

  • Anchor the London or New York open to gauge intraday bias.
  • σ1 pullbacks suit trend entries; σ2-σ3 act as extreme zones.
  • Colour each anchor differently to track daily or weekly sessions.

Version History

  • v1.00 – Initial release (July 2025)

Need Help?

Ask below or message me on Telegram – I respond quickly. If Multi Anchor VWAP Pro helps your trading, please leave a ★★★★★ review on the Market. Thank you and good trading!

Developed by Ngo The Hung – MQL5 Profile