VWAP Anchor Bands
- インディケータ
- バージョン: 1.0
VWAP Anchor Bands calculates the Volume Weighted Average Price – a reference level widely used in institutional trading as a fair-value benchmark for the current trading period. The calculation follows the widely-used session-VWAP standard, using cumulative price/volume weighting with optional standard-deviation bands.
Features:
- Selectable anchor period: Session (daily reset), Week, Month, or Year.
- Flexible price source: HLC3 (default), Close, OHLC4, or HL2.
- Up to 3 deviation bands around the VWAP, calculated as volume-weighted standard deviation or as a percentage offset — fully adjustable multipliers.
- Switchable volume source: tick volume (default, suitable for Forex/CFDs) or real volume (for futures, stocks, some crypto symbols).
- Auto-hide on D1 and above: a session VWAP is not meaningful on daily/weekly/ monthly charts, so the indicator hides itself there by default (can be disabled).
- Fully customizable colors for the VWAP line and each band.
- No repainting: the VWAP is built only from completed bar data and never changes retroactively.
- Works on any symbol and timeframe (intraday timeframes recommended).
Typical use cases: dynamic support/resistance level, trend-direction entry filter relative to VWAP, and reference price for execution-quality analysis. The bands help identify statistically above/below-average deviations from the period's average price.
Parameters overview:
| Parameter | Description |
|---|---|
| Anchor Period | Session / Week / Month / Year |
| Source | HLC3 / Close / OHLC4 / HL2 |
| Use Real Volume | Yes/No (otherwise tick volume) |
| Hide VWAP on D1+ | Yes/No |
| Show Band 1–3 | each Yes/No |
| Band 1–3 Multiplier | freely adjustable |
| Band Calculation Mode | Standard Deviation / Percentage |
| Colors | VWAP line and each band individually adjustable |
Disclaimer: Like any technical indicator, VWAP does not constitute trading advice — it is an additional analysis tool. Past behavior is not indicative of future results.
