VWAP Fibo Bands RSJ
- Indicators
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JETINVEST
Jet Invest develops indicators and trading tools for MetaTrader 4 and 5: order flow, volume, market structure and market overview panels for B3 (WIN, WDO and Brazilian stocks), US indices and forex. - Version: 1.0
VWAP Fibo Bands RSJ draws the VWAP of the selected period and builds bands around it using Fibonacci proportions.
The indicator plots 10 band levels around the VWAP. The bands show how far price has moved from the volume weighted average price and can be used as reference levels to plan entries, exits and stops.
The bands are easiest to read on timeframes of 30 minutes and below.
Inputs
- Calculation Volume Type
- Calculation Price Type
- VWAP Period Time
Each band is drawn at a fixed Fibonacci distance from the VWAP, so the same levels can be compared from day to day.
If you have questions, please send me a direct message: https://www.mql5.com/en/users/robsjunqueira/

Very good indicator, I tested the bands with Fib. and everything mapped well even with my personal fib levels. Respected by the price too. Thank you for a very smart indicator.