Duchesne VWAP Bands
- Indicateurs
-
Eliott Noah Duchesne
MQL5 and Pine Script developer based in France. I turn your trading rules into clean, commented and tested tools.
What I build
- MT5 Expert Advisors: entries and exits, risk-based lot size, time filters, trailing stop, prop firm risk rules
- MT5 indicators with alerts and dashboards - Version: 1.0
- Activations: 5
Duchesne VWAP Bands draws the volume weighted average price (VWAP) with up to three standard deviation bands.
Main features
- Reset each day, each week, each month, or anchored to a date and time you choose
- Up to three bands above and below the VWAP (1 and 2 standard deviations by default)
- Tick volume or real volume when your broker provides it
- Clean breaks between periods
- Works on any symbol and on intraday and daily timeframes
How it works
For each bar, the typical price (high + low + close) / 3 is weighted by the volume. The VWAP is the running average since the start of the period, and the bands use the volume weighted standard deviation of the same prices.
Inputs
- Reset period, anchor date, volume source, bars to calculate
- Band 1, band 2, band 3 (0 hides a band)
This indicator is an analysis tool. It does not open trades and does not give trading signals.
