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PipTick VWAP MT5

PipTick VWAP is our version of Volume-Weighted Average Price indicator. VWAP is the ratio between the value traded (price multiplied by number of volume traded) and total volume traded over a specific time period. It measures the average price of the instrument much better than the simple moving average. Although there are many ways how to use the VWAP, most investors use it to calculate the daily average.

The indicator works in five modes:

  • Moving - In this mode the PipTick WVAP works as Moving Average with the specified period.
  • Daily - In this mode the PipTick VWAP is calculated from the start to end of the day.
  • Weekly - In this mode the PipTick VWAP is calculated from the start to end of the week.
  • Monthly - In this mode the PipTick VWAP is calculated from the start to end of the month.
  • Session Time - In this mode, the user can set the start and end hour for the PipTick VWAP calculation.


How to use the PipTick VWAP indicator?

Many traders use VWAP bands in the same way as Bollinger Bands. You can look around for reverse trades on the second and third standard deviations from the VWAP. In combination with price action or candle patterns you can achieve very good results. Of course, PipTick VWAP can also be used for benchmarking, as well as many investors are doing.


Main features

  • Several optional modes
  • Real and tick volume calculation (MT5)
  • First, second and third standard deviation from the VWAP
  • Very fast and reliable indicator
  • Customizable parameters (Colors, Line thickness, VWAP period...)
  • Can be used for creating EA (Expert Advisor)
  • Available for MT4 and MT5


Input parameters

  • Volume_Method - Allows to choose between tick or real volume
  • VWAP_Mode - Allows to choose between moving, daily, weekly, monthly and session time mode. (For iCustom function - moving = 0, daily = 1, weekly = 2, monthly = 3 and session time mode = 4)
  • MA_Period - Period of MA calculation
  • Sessions_Ago - Amount of session period. By default set to 3 sessions 
  • Session_Start_Hour - Allows to set start hour if the session time mode is set. In other case the parameter is ignored
  • Session_End_Hour - Allows to set end hour if the session time mode is set. In other case the parameter is ignored
  • Color_VWAP - Color of the VWAP line
  • Color_Deviation1 - Color of the first deviation lines
  • Color_Deviation2 - Color of the second deviation lines
  • Color_Deviation3 - Color of the third deviation lines
  • Visibility_VWAP - Allows to enable or disable displaying of VWAP line
  • Visibility_Deviation1 - Allows to enable or disable displaying of the first deviation lines
  • Visibility_Deviation2 - Allows to enable or disable displaying of the second deviation lines
  • Visibility_Deviation3 - Allows to enable or disable displaying of the third deviation lines

Outputs parameters

  • VWAP - Values of the VWAP
  • 1. SD Top - Values of the first deviation line above the VWAP
  • 2. SD Top - Values of the second deviation line above the VWAP
  • 3. SD Top - Values of the third deviation line above the VWAP
  • 1. SD Bottom - Values of the first deviation line below the VWAP
  • 2. SDBottom - Values of the second deviation line below the VWAP
  • 3. SDBottom - Values of the third deviation line below the VWAP

For more information, visit PipTick VWAP product page.

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Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to  show double timeframe zones . You will not only be able to show a higher timeframe but to show both, the chart TF, PLUS the higher TF:  SHOWING NESTED ZONES . All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential
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Ultimate Double Top Bottom Scanner MT5
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This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts . For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest pric
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VolumeProfile MT5
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The  Laguerre VIX Trend Extrema   (LVTE)  indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. As described in John F. Ehlers book  "Cybernetic Analysis for Stocks and Futures,"  incorporating Laguerre's equation can facilitate more advanced trend detection and smoother filters, while requiring less data. Here, we use multiple variants on Laguerre's equation, for robust detection of price maxima and
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PipTick VWAP MT4
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PipTick Volume MT5
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PipTick Supply Demand MT5
PipTick Supply Demand MT5
Michal Jurnik
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PipTick VWATR MT5
PipTick VWATR MT5
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PipTick VWATR MT4
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PipTick Session MT4
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PipTick Equity MT4
PipTick Equity MT4
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PipTick Equity is a simple indicator that shows the development of equity curve in real time. For precision measurement, it should be used in a separate window with a period of M1. Main features The indicator shows the development of equity curve in real time High precision on minute chart Very fast calculation Available for MT4 and MT5
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PipTick Close is a simple script that allows traders to close theirs trades by three methods. Just run the script and choose the close method. Closing methods Symbol - Allows to close all open trades for certain symbol All_Trades - Allows to close all open trades Magic_Number - Allows to close all open trades according to their magic number Recommendation AutoTrading functions must be activated. If the AutoTrading function is disabled, script will not work. EA should be stopped. If you are using
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PipTick Currency Strength Indicator MT4
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PipTick ATR
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Michal Jurnik
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This is a professional version of our PipTick Currency Strength Indicator. Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using several popular indicators. PipTick CSI PRO shows you in a simple and quick way whether the currency is strong or weak. Furthermore, you can also see when the currency is oversold, overbought or in "normal area
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PipTick Currency Barometer MT4
PipTick Currency Barometer MT4
Michal Jurnik
PipTick Currency Barometer is one of our most favorite indicators. It measures the strength of two currencies represented in the pair and compares the difference between them. The result is shown as a histogram where you can simply identify which currency is the strongest. This indicator is designed to measure the strengths and weaknesses of eight major currencies (USD, EUR, GBP, CHF, CAD, JPY, AUD and NZD) and works on 28 currency pairs. The PipTick Currency Barometer uses CCI method (Commodity
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PipTick VSA MT4
PipTick VSA MT4
Michal Jurnik
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we have ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of their experience. What Is VSA? VSA (Volume Spread
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PipTick Correlation MT4
PipTick Correlation MT4
Michal Jurnik
PipTick Correlation shows the actual correlation between the selected instruments. The default setting is set to 28 currency pairs, gold and silver, but the indicator can compare any other symbols. Interpretation of the indicator Positive correlation (corellation is above 80 %) Negative correlation (corellation is below -80 %) Weak or no correlation (corellation is between -80 and 80 %) Main features The indicator shows actual correlation between the selected instruments Simple comparison of
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PipTick Heiken Ashi MT4
PipTick Heiken Ashi MT4
Michal Jurnik
PipTick Heiken Ashi is our version of Heiken Ashi chart indicator. Unlike competitor products, this indicator offers extensive options for calculating of Heiken Ashi candles. It can be displayed as classic or smoothed version. The indicator can calculate Heiken Ashi with moving average by four methods: SMA - Simple Moving Average SMMA - Smoothed Moving Average EMA - Exponential Moving Average LWMA - Linear Weighted Moving Average Main features The indicator shows Heiken Ashi as classic or smoo
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PipTick Pairs Cross MT4
PipTick Pairs Cross MT4
Michal Jurnik
PipTick Pairs Cross is a unique tool for negatively correlated trading instruments, such as EURUSD and USDCHF currency pairs. It is based on a concept called pairs trading (or spread trading). Our indicator is comparing the strength of two currency pairs that are inversely correlated and easily tells you when it is time to buy a first pair and short a second pair, and vice versa. This is an extremely simple approach to trading currency pairs that works very well. How to Use? There are only two
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PipTick Pairs Spread MT4
PipTick Pairs Spread MT4
Michal Jurnik
PipTick Pairs Spread indicator has been developed for the very popular strategy known as pairs trading, spread trading or statistical arbitrage. This indicator measures the distance (spread) between prices of two directly (positively) correlated instruments and shows the result as a curve with standard deviations. So, any trader can easily identify when the instruments are too far apart and use this information for trade opportunity. How to Use? The best results are obtained when the trade is
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PipTick Bar Timer MT4
PipTick Bar Timer MT4
Michal Jurnik
PipTick Bar Timer indicator displays an advanced bar countdown timer on a chart. This study indicates the remaining time for the last bar on the chart. Main features The indicator shows remaining time for the last bar in the chart Alert notifications for a new bar Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN) Customizable parameters (Colors, Text size, Visibility...) Ideal tool for all kinds of trading (scalpers, intraday traders...) Very fast calculation Available for Met
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PipTick Effort Index MT4
PipTick Effort Index MT4
Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
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Version 1.4 2020.09.03
Colour section has been move to native colour tab (indicator settings).

To customize VWAP line style you have to change the line thickness to 1 (native behaviour).
Version 1.3 2020.04.21
Parameter Sessions_Ago added for improving indicator performance
Version 1.2 2015.07.14
Added new parameters that provide user the ability to change the visibility of lines.