VWAP Weekly Monthly Quarterly and Yearly Bands
- Индикаторы
- Версия: 1.0
- Активации: 5
📉 VWAP and VWAP 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:
- When price approaches the upper band, it may indicate a potential selling area (resistance).
- 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:
- Upward-sloping bands suggest an uptrend
- 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:
- Close – Closing Price
- Open – Opening Price
- High – High Price
- Low – Low Price
- HL / 2 – Median Price (Arithmetic mean of High and Low)
- HLC / 3 – Typical Price (Arithmetic mean of High, Low, and Close)
- 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:
- Tick Volume – Tick-based volume
- Real Volume – Actual traded volume
👁️ Enable or Disable VWAP and VWAP Bands:
VWAP Daily – Enable or disable
VWAP Weekly – Enable or disable
VWAP Weekly Bands – Display Options
- VWAP Weekly First Band – Enable or disable
- VWAP Weekly Second Band – Enable or disable
- VWAP Weekly Third Band – Enable or disable
- VWAP Weekly Fourth Band – Enable or disable
- VWAP Weekly Fifth Band – Enable or disable
VWAP Monthly – Enable or disable
VWAP Monthly Bands – Display Options
- VWAP Monthly First Band – Enable or disable
- VWAP Monthly Second Band – Enable or disable
- VWAP Monthly Third Band – Enable or disable
- VWAP Monthly Fourth Band – Enable or disable
- VWAP Monthly Fifth Band – Enable or disable
VWAP Quarterly – Enable or disable
VWAP Quarterly Bands – Display Options
- VWAP Quarterly First Band – Enable or disable
- VWAP Quarterly Second Band – Enable or disable
- VWAP Quarterly Third Band – Enable or disable
- VWAP Quarterly Fourth Band – Enable or disable
- VWAP Quarterly Fifth Band – Enable or disable
VWAP Yearly – Enable or disable
VWAP Yearly Bands – Display Options
- VWAP Yearly First Band – Enable or disable
- VWAP Yearly Second Band – Enable or disable
- VWAP YearlyThird Band – Enable or disable
- VWAP YearlyFourth Band – Enable or disable
- VWAP YearlyFifth Band – Enable or disable
📐 Deviation Multiplier:
Defines the distance of each band from the VWAP, based on standard deviations:
- First deviation multiplier – 0.5 (default)
- Second deviation multiplier – 1.0 (default)
- Third deviation multiplier – 1.5 (default)
- Fourth deviation multiplier – 2.0 (default)
- Fifth deviation multiplier – 2.5 (default)
🔄 Available Versions:
- 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.
