VWAP Sessions
- 지표
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Domantas Juodenis
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VWAP Sessions: Session-Anchored VWAP for MetaTrader 5
VWAP Sessions plots a separate volume-weighted average price for each major trading session, directly on your chart. Each VWAP starts fresh when its session opens and ends when the session closes, so you see where each session’s average traded price sits rather than one continuous line that blends everything together.
What it does
- Plots up to 3 independent session VWAP lines at once
- Defaults to Asia, London and New York, with every start and end time fully adjustable
- Resets automatically at each session start
- Supports sessions that cross midnight
- Handles overlapping sessions, such as London and New York, at the same time
- Leaves clean gaps between sessions instead of drawing misleading connecting lines
How traders use it
- Judge directional bias: price holding above the session VWAP shows buyers in control, and below it shows sellers
- Use the VWAP as dynamic support and resistance during the session
- Spot mean-reversion opportunities when price stretches far from the session average
- Compare where Asia, London and New York are trading relative to each other
Settings
- Session 1, 2 and 3: enable or disable each one, set its start and end time (HH:MM), and choose its line colour
- Time shift: adjust all session times to match your broker’s server time zone
- Price type: Typical (H+L+C)/3, Close, OHLC/4 or HL/2
- Volume type: Tick volume (default) or Real volume, if your broker provides it
Important notes
- Session times are based on your broker’s server time. If your server is not on the same time as the market you want, use the Time shift setting.
- Most forex and CFD brokers provide tick volume only. The VWAP is then calculated from tick volume, which is the standard approach on MT5.
- Designed for intraday charts, M1 to H1. Higher timeframes are too coarse for session analysis.
- Values on completed bars do not change. Only the current bar updates in real time.
- Works on forex, indices, metals, oil and crypto CFDs, on both hedging and netting accounts.
This is an analysis tool and does not open or manage trades. It does not predict price or guarantee results.
