Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

22463

Rating:

(52)

Published:

2016.12.21 12:43

vwap_bands.mq5 (18.58 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

This indicator is similar to Bollinger bands, but it uses volume weighted average as the central value of the bands.

When using it you have an option to use the tick volume or real volume for calculation (if the symbol and the broker are having real volume at all).

Also, you can chose to have deviations calculated with or without sample correction.

Each of the bands can be turned on or off. If the deviations multiplier for any of the bands is set to <=0 then that bands are not going to be calculated.

MACD ca

MACD ca - sort of a "step MACD" or "corrected MACD".

Corr RSI

Corr RSI - "step" or "corrected" RSI.

Corr velocity

"Corrected" velocity (smoother momentum).

Corr momentum

"Corrected" momentum.

VWAP bands - indicator for MetaTrader 5