VWAP Volume Price Indicator
- Indicators
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Xin You Lin
大家好!我是一名金融从业者、经济师、EA开发工程师,外文名:Golden Wings - Version: 6.1
- Activations: 5
Multi-Timeframe Anchored VWAP Indicator (Custom Period & Standard Deviation Channels) — MT5 Technical Description
Overview
This indicator extends the traditional VWAP with multi-timeframe anchoring, session reset, and standard deviation channels, providing a dynamic "fair value" reference area for traders. All calculations are based on currently visible price and volume data; the indicator contains no future functions, does not repaint, and does not drift.
Core Features
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Multi-Timeframe Anchoring
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Automatically attaches a higher-timeframe VWAP based on the current chart period (e.g., H4+ → Monthly, H1 → Weekly, M30- → Daily), or manually selects any timeframe (MN1, W1, D1, H4, etc.).
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Triple Standard Deviation Channels
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Generates six symmetric channels (±1σ, ±2σ, ±3σ) based on volume-weighted standard deviation, for observing price deviation. Multipliers are independently adjustable (default 1, 2, 3).
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Customizable Daily Start Time
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Allows setting an arbitrary "market open time" (e.g., 09:30, 00:00, 17:00) to adapt to different time zones and instruments.
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Pure Volume-Weighted Calculation
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Each VWAP line is calculated from Typical Price × Volume, reflecting actual trading weight rather than price position alone.
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Visual Customization
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Colors, line widths, and styles are freely adjustable; standard deviation channels are displayed as semi-transparent dashed lines without obscuring candlesticks.
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General Parameter Configuration (Reference)
| Parameter | Description |
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| Anchor Period | Auto or manual (MN1/W1/D1/H4, etc.) |
| StdDev Multipliers (1/2/3) | Channel multipliers, default 1, 2, 3 |
| Daily Start Time | Custom open time (e.g., 09:30) |
| Color / Width / Style | Fully customizable |
Compliance Statement
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This tool is solely a technical analysis aid. Its output represents statistically derived value ranges and volatility boundaries and does not constitute investment advice or entry/exit signals.
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The indicator contains no hidden code or malicious components and makes no external network connections.
Note: Per MQL5 forum rules, posts containing trading recommendations or advertising are prohibited. This description is intended for general technical discussion only.
