Fabii Vwap SSL Baseline
- Indicators
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Fabien Georges Andre Guillemaud
I develop custom indicators and trading tools for MetaTrader 5. - Version: 1.5
Stop guessing which VWAP cross matters: one coloured line shows your side. No repaint.
Any pair. Daily, weekly or monthly anchor. On your chart in 2 minutes. Free to test in the Strategy Tester.
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Baselines, volatility filters and oscillators. No repaint.
Why you need it
Most traders read the Volume Weighted Average Price (VWAP) as a single line and argue about every touch. This baseline gives a clear side instead: green when buyers hold the period, red when sellers do. You read the bias in one second, on one chart, with no second indicator.
What you get
You get:
- A coloured baseline built from the VWAP of highs and lows, so you read the bias at a glance
- Optional coloured candles, so you see the side directly on the price bars
- A choice of daily, weekly or monthly anchor, so the line fits your style
- A live value tag at the line end, so you know where the VWAP stands now
- Popup, sound and push alerts on each side change, so you do not have to watch the chart
- A calculation limited to recent bars, so the chart stays fast
How it works
The indicator uses tick volume. It builds the VWAP of the highs and of the lows from the start of each period. In an up state the baseline follows the VWAP of the lows and turns red only when a bar closes below it. In a down state the baseline follows the VWAP of the highs and turns green only when a bar closes above it. Everything restarts at each new day, week or month. If the chosen anchor gives fewer than 3 bars per period, nothing is drawn and a short message asks for a lower timeframe.
How to use it
- Drag the indicator onto any chart and keep the default settings.
- Choose the anchor that fits your timeframe: daily for M15 to H4, weekly for H1 to D1, monthly for H4 and D1.
- Read the colour: green means the buyers side, red means the sellers side.
- Treat a change of colour as the moment to look at the opposite side.
- Switch on the alerts if you want to be notified.
Key settings
| Setting | What it does | Default |
|---|---|---|
| VWAP anchor period | Restarts the VWAP every day, week or month | Daily |
| What to draw | Baseline only, coloured candles only, or both | Baseline only |
| Up state colour / Down state colour | Colours of the up and down bias | Lime green / Red |
| Baseline thickness | Width of the baseline | 2 |
| Show the live VWAP value at the line end | Shows a price tag that follows the live VWAP value | true |
| Alerts | Popup, sound and push alerts on each side change, set by three separate switches | All off |
| Limit to the N most recent bars / Bars to compute | Limits the calculation to the latest bars so the chart stays fast | true / 500 |
Other settings: the price tag colour and the alert sound file.
Test it before you decide
Check it yourself: add the indicator, open the Data Window and compare the values on past bars with the live chart. Then run it in the Strategy Tester in visual mode and watch the line form bar by bar.
Updates are free. The What's new tab lists every change. Follow my profile to be notified when new indicators are published.
Download it free and see your first signal on your own chart.
Comments and reviews
Questions are answered within 24 hours. Leave a short review with your pair and timeframe, it helps other traders.
Past results do not predict future results. This indicator does not provide financial advice.
