Algorex VWAP Odds MT4

Indicators
Daniel Schwoerer
Daniel Schwoerer
Switzerland

2112
Algorex Trading Solutions, founded 2013, based in Zürich. Rule-based trading systems, indicators and tools for futures, indices and gold, built by a trader and tested before release.

1 topic 4 comments
Version: 1.1

VWAP bands tell you where price is. Algorex VWAP Odds tells you what that has meant in the past.

For the current bar the indicator reads three things: the New York time of day, the distance from the session VWAP in sigmas, and the freshness, meaning the minutes since price last touched the VWAP. For exactly this situation the panel shows:

Return to the VWAP within 2 hours (%)
Return before the session ends (%)
Average time to return
Heat: how far price typically runs further away first (average and 80 % level)
Odds ladder: the 2-hour odds printed at each band, before price gets there

Built-in statistics
The indicator carries tables from 5-minute data 2015 to 2026 for Nasdaq 100, S&P 500 and Gold and recognises the usual CFD symbol names. On top it learns from the chart it is on and blends both. On any other symbol it learns from the chart alone and marks thin data.

What it is not
A context tool, not a signal. Use the odds to judge whether the VWAP is a realistic target, how much heat to expect, and whether the day behaves like a trend day.

Settings
Built-in statistics (Auto, Nasdaq 100, S&P 500, Gold, chart only), weight of the built-in statistics, status thresholds, odds ladder, VWAP and three bands, alert on status change, light or dark panel, panel size and position, English or German.

Notes
Use on M1 to M15. The session is the New York trading day (18:00 to 18:00 New York). The VWAP is calculated with the broker's tick volume. Past frequencies are no promise of future results.

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Algorex VWAP Odds MT4

Daniel Schwoerer