VWAP by Professionals
- Индикаторы
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Lorraine Andaleon
I am a professional MQL5 developer specializing in creating robust Expert Advisors and technical indicators. My focus is on writing clean, efficient, and fully tested code that performs reliably in live market conditions. I have extensive experience with price action strategies, risk management - Версия: 1.0
Professional Volume Weighted Average Price (VWAP) indicator for MetaTrader 5.
FEATURES:
- 6 modes: Session, Daily, Weekly, Monthly, Rolling, Custom
- Dynamic color line: Green above VWAP, Red below VWAP
- Volume-weighted standard deviation bands (adjustable multiplier)
- Auto session detection with reset
- Smart volume handling (real/tick volume fallback)
- Non-repainting calculation
- Works on all symbols and timeframes
INPUTS:
- VWAP Mode: Choose calculation method
- Anchor Timeframe: For custom mode
- Show Bands: Toggle upper/lower bands
- Band Multiplier: Default 2.0 (95% range)
- Reset on New Session: Auto-reset toggle
- Dynamic Color: Green/red color toggle
- Line Widths: Adjust VWAP and band thickness
RECOMMENDED SETTINGS:
- Scalping (M1-M5): Session VWAP, Multiplier 1.5
- Day Trading (M5-M15): Daily Anchor, Multiplier 2.0
- Swing Trading (H1-H4): Weekly Anchor, Multiplier 2.5
- Position Trading (D1-W1): Monthly Anchor, Multiplier 3.0
TRADING USE:
- VWAP line = fair value / dynamic support-resistance
- Upper band = overbought / potential resistance
- Lower band = oversold / potential support
- Price above VWAP = bullish bias
- Price below VWAP = bearish bias
Clean code, fast execution, free to use.
