TCL Vwap Super Bands
- Индикаторы
- Версия: 1.4
TCL VWAP Super Bands is a Volume Weighted Average Price (VWAP) indicator for MetaTrader 4 with anchored mode, standard deviation bands, and a squeeze detector. It plots the daily-session VWAP by default and supports anchoring to any specific date.
How It Works
VWAP is a volume-weighted version of the average price over a chosen period. It is widely used as a reference level for fair value. The indicator computes VWAP from the current session start (daily mode) or from a user-specified date (anchored mode), then plots standard deviation bands above and below it. The squeeze detector flags periods when band width contracts to a configurable Z-Score level, indicating compressed volatility that often precedes expansions.
Components
- VWAP Line — the central volume-weighted average price.
- Standard Deviation Bands — symmetric volatility envelopes around the VWAP, width set by the deviation multiplier.
- Anchored Mode — pin the VWAP calculation to a specific date for swing or news-based analysis.
- Signal Arrows — Buy and Sell arrows plotted when price rejects an outer band.
- Squeeze Detector — optional state that suppresses signals when band width Z-Score drops below the configured threshold.
- Dashboard Panel — on-chart panel showing current VWAP, band width, and squeeze state.
Inputs
- Anchor Date — leave empty for daily VWAP, or enter yyyy.mm.dd to anchor to a specific date (default empty)
- Standard Deviations — band width multiplier (default 2.0)
- Performance Limit — maximum bars to calculate, saves CPU (default 1000)
- Show Dashboard — toggle the on-chart panel (default true)
- Show Signal Arrows — toggle Buy and Sell arrows (default true)
- Dashboard Location — chart corner (default top-left)
- Show Signals when Squeezed — allow signals during squeeze state (default false)
- Squeeze Lookback — bars used to calculate the squeeze baseline (default 50)
- Squeeze Threshold — Z-Score level that defines a squeeze (default -0.8)
- Popup, Push, Email, Sound alerts — independent toggles
Compatibility
The indicator works on MetaTrader 4. It is compatible with all instruments and all timeframes. Arrows are calculated on the closed bar and are not repainted.
Installation
- Download the file from MQL5 Market
- Restart MetaTrader if needed
- Drag the indicator onto any chart
For questions about parameters or behavior, please use the Comments tab.
