VWAP Yearly Bands
- 지표
- Andre Gonzalez Falci
- 버전: 1.0
- 활성화: 5
VWAP Yearly Bands
VWAP Bands are an extension of the VWAP indicator designed to help identify support and resistance zones around the volume-weighted average price.
The central line is the VWAP itself, representing the volume-weighted average price.
The upper and lower bands are calculated by adding and subtracting a defined number of standard deviations from the VWAP. These bands create a price range within which the market tends to fluctuate.
The upper and lower bands act as resistance and support zones:
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When price approaches the upper band, it may indicate a potential selling area (resistance).
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When price approaches the lower band, it may indicate a potential buying area (support).
The direction and slope of the bands can help identify the strength and direction of a trend:
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Upward-sloping bands suggest an uptrend
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Downward-sloping bands suggest a downtrend
VWAP Bands can be applied to different timeframes and adapt to various trading styles, from day trading to swing trading.
⚙️ Inputs (Parameters)
🔹 Price Type
Defines which price will be used for the VWAP calculations.
The default option is the Typical Price (HLC/3).
Available options:
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Close – Closing Price
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Open – Opening Price
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High – High Price
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Low – Low Price
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HL / 2 – Median Price (Arithmetic mean of High and Low)
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HLC / 3 – Typical Price (Arithmetic mean of High, Low, and Close)
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OHLC / 4 – Mean Price (Arithmetic mean of Open, High, Low, and Close)
📌 Note:
The Typical Price (HLC/3) is the standard price used for VWAP calculations in Profit and BlackArrow (Nelogica) platforms.
🔹 Volume Type
Defines which volume will be used for the VWAP calculations.
The default option is Tick Volume.
Available options:
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Tick Volume – Tick-based volume
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Real Volume – Actual traded volume
👁️ Enable or Disable VWAP and Bands
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VWAP Daily – Enable or disable
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VWAP Weekly - Enable or disable
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VWAP Monthly - Enable or disable
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VWAP Quarterly - Enable or disable
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VWAP Yearly - Enable or disable
📉 VWAP Yearly Bands – Display Options
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VWAP Yearly First Band – Enable or disable
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VWAP Yearly Second Band – Enable or disable
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VWAP Yearly Third Band – Enable or disable
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VWAP Yearly Fourth Band – Enable or disable
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VWAP Yearly Fifth Band – Enable or disable
📐 Deviation Multiplier
Defines the distance of each band from the VWAP, based on standard deviations:
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First deviation multiplier – 0.5 (default)
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Second deviation multiplier – 1.0 (default)
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Third deviation multiplier – 1.5 (default)
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Fourth deviation multiplier – 2.0 (default)
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Fifth deviation multiplier – 2.5 (default)
🔄 Available Versions
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VWAP Indicator – MT5
📞 Support and Assistance
If you have any questions or need additional guidance, please feel free to contact us.
We are ready to assist you.
