Supreme VWAP And Targets MT5
- Indicators
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Kestutis Balciunas
With over 16 years of active experience in financial markets, I specialize in developing high-performance forex trading strategies, technical indicators, and automated Expert Advisors for MT4/MT5. My work spans precision-engineered trading systems designed for accuracy, consistency, and real-world - Version: 1.0
- Activations: 10
Supreme VWAP And Targets anchors a volume-weighted average price (VWAP) at the latest confirmed swing and waits for price to pull back to it. Once price has moved at least 1.4 ATR away from the swing, a value band opens around the anchored VWAP. A pullback into the band that is reclaimed on a closed bar becomes a BUY or a SELL with an entry, a stop and three targets. Seven filter profiles judge every reclaim side by side, and the chart shows one of them. Everything is decided when a bar closes and stays where it was drawn.
WHAT IT DRAWS
- The active anchored VWAP, a line in the trend colour, and its value band: two edges at the profile's width in standard deviations with a shaded fill painted behind the candles. The band covers the most recent 181 bars and starts afresh whenever the anchor changes.
- An anchor badge on the swing bar the VWAP is anchored to.
- BUY and SELL badges on the signal bars of the last three plans (five with past plans switched on), each with its setup quality in percent. Hover a badge for the setup and its quality.
- The trade plan of the latest signal: a dotted pullback box from the start of the pullback to the signal bar, a risk box from the entry to the stop, a reward box from the entry to the third target, the entry and stop lines, and a dotted, a dashed and a solid line for the three targets. Labels on the right give each level's price and its distance in R. A reached target gets a tick, a stopped plan a cross, and a stop moved to the entry reads BE.
- Optional SKIP markers on the reclaims the active profile rejected.
- A dashboard: the trend bias and its efficiency, the anchored VWAP with the band width, the active profile, that profile's record of closed plans on this chart, how often each target was reached, and the state of the latest plan.
HOW IT DECIDES
- Anchors: swings are pivots with 10 bars on each side. A new swing low re-anchors the bullish VWAP when it is lower than the current anchor, when the anchor has given its 2 pullbacks, or when a new impulse has started from it; swing highs do the same for the bearish VWAP. The VWAP is rebuilt from the swing bar itself, weighted by tick volume, or by the bar's range on a symbol without volume.
- Arming: a direction arms once price has moved 1.4 ATR(14) from its anchor. The bias is the armed side; with both armed, the newer anchor wins.
- Pullback and reclaim: price trades into the value band without closing beyond the outer defence line, then closes back beyond the VWAP in the trend direction, within 0.2 ATR of the previous bar's extreme.
- Filters: the profile's minimum trend efficiency (Kaufman efficiency over 10 bars), its minimum setup quality (where the bar closed in its range, the efficiency and the activity), a pullback depth of 12 to 85 percent of the impulse, and a minimum relative volume on the Volume Climax profile.
- The plan: the entry is the signal close. The stop sits beyond the pullback extreme or the band edge, whichever is further, plus a margin of 0.2 ATR scaled by the profile, and is kept between the profile's minimum and 3 ATR. Targets sit at 1, 2 and 3 R; with the default target mode, TP2 or TP3 moves to the impulse high or low when it lies 1.3 to 4.5 R away (the MAG tag). After TP1 the stop moves to the entry. A plan ends at its stop, at TP3, after 60 bars, or at the next signal of its profile.
THE SEVEN PROFILES
Balanced (1 sigma band, 26% efficiency), Conservative (0.8, 35%), Aggressive (1.25, 18%), Shallow Pullback (0.65, 30%), Deep Value Reclaim (1.45, 22%), Volume Climax (1 with 1.25 times the average volume) and Custom, with your own band width and efficiency. All seven run on every bar. Auto-Optimize, the default, shows the profile whose closed plans on this chart did best by the dashboard's own count (at least three plans; the three core profiles take part with any), so its choice can change as the chart grows. Pick a profile yourself to keep it fixed.
The dashboard's "Win Rate (TP1+)" row is the share of this chart's closed plans that reached TP1 or closed without a loss, over the bars loaded; it describes this chart's history, not a probability.
ALERTS
Seven events, each with its own switch: a bullish entry (BUY), a bearish entry (SELL), any entry, TP1, TP2 and TP3 reached, and the stop hit. Channels: popup, sound with a file of your choice, push notification and e-mail. Every alert is evaluated on a closed bar, fires once for that bar, and never fires for history or in the Strategy Tester. Example:
Supreme VWAP And Targets: Confirmed Bullish Anchored VWAP Pullback Reclaim on EURUSD (H1). Entry, SL, and TP1-TP3 trade plan active.
WHAT IT DOES NOT DO
- It does not place trades. It draws and alerts; you place and manage every order.
- It does not promise a result. Its record of closed plans describes this chart's history, not a probability.
- It does not see the future. A swing is confirmed 10 bars after it forms, and nothing is decided on the forming bar: there only the band, the dashboard and the plan's right edge follow price.
SETTINGS AND NOTES
- 30 inputs in 6 groups, each explained in the manual. It runs on any symbol and timeframe from M1 to monthly.
- Bars to calculate (20,000 by default) sets the history the statistics and Auto-Optimize run over, and keeps loading fast.
- The plan's labels stay inside the chart: when the chart's right margin is too narrow, the plan ends closer to the last bar. Switch "Pin plan labels inside the chart" off to keep the plan six bars ahead of the last bar.
- Signals, plans and the record are decided on closed bars and do not repaint: nothing of a signal changes while a bar is forming.
Trading leveraged products carries a high level of risk and may not be suitable for all investors. Supreme VWAP And Targets is an analysis tool, not financial advice. Test it on a demo account first.
