Session VWAP Bands MT4

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Session VWAP Bands plots the session volume-weighted average price and adaptive deviation bands directly on the chart. It helps you see where price is trading relative to the current session's fair-value area.

Use it to spot

• Price holding above or below session VWAP.
• Mean-reversion areas near the first deviation bands.
• Stretched moves near the second deviation bands.
• Intraday trend continuation when price keeps respecting VWAP.

What it shows

• VWAP line on the main chart.
• Upper and lower first-deviation bands.
• Upper and lower second-deviation bands.
• Hidden session-age buffer for EA or dashboard integration.

Main features

• Daily/session reset with configurable start hour and minute.
• Tick-volume weighted VWAP calculation.
• Optional typical-price or close-price calculation.
• Configurable first and second band deviations.
• Historical calculation limit for lighter charts.

Basic use

1. Add the indicator to an intraday chart.
2. Watch whether price accepts above, below, or around VWAP.
3. Use the first bands as normal session extension areas.
4. Use the second bands as stretched movement or target areas.
5. Confirm with your own trend, price action, and risk rules.

Inputs

• MaxCalculatedBars: limits how many historical bars are calculated.
• SessionStartHour: hour used for the session reset.
• SessionStartMinute: minute used for the session reset.
• Band1Deviation: multiplier for the first band set.
• Band2Deviation: multiplier for the second band set.
• ResetEveryDay: resets VWAP on each trading day/session.
• UseTypicalPrice: uses typical price instead of close price.

Buffers

• Buffer 0: VWAP value.
• Buffer 1: upper first band.
• Buffer 2: lower first band.
• Buffer 3: upper second band.
• Buffer 4: lower second band.
• Buffer 5: session age.

Risk note: this indicator is a technical analysis tool. It does not guarantee profitable trades. Use it with risk management and additional confirmation.

Signals

• Green arrows mark bullish VWAP setups: lower-band rejection or a move above the outer upper band.
• Red arrows mark bearish VWAP setups: upper-band rejection or a move below the outer lower band.
• Signal buffer values: 1 lower-band bullish rejection, 2 upper-band bullish breakout, -1 upper-band bearish rejection, -2 lower-band bearish breakdown, 0 no signal.