Multi VWAP Bands Pro
- Göstergeler
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Ola Marten Hamberg
A guy from Sweden using this platform to exist, download indicators and EAs and vibe code my own and selling some of it for free. - Sürüm: 2.0
Multi VWAP Bands Pro
Multi VWAP Bands Pro shows the Daily, Weekly and Monthly VWAP (Volume Weighted Average Price) on one chart, together with standard deviation bands and the previous period's VWAP levels. VWAP shows the average price weighted by volume, and many traders use it as a fair value reference and as dynamic support and resistance.
The indicator is free, works on any symbol and timeframe, and is designed to be clean, light and easy to read.
MAIN FEATURES
- Daily, Weekly and Monthly VWAP on the same chart, each with its own color and width
- Standard deviation bands (+/-1, +/-2 and optional +/-3) with adjustable multipliers
- Choose which VWAP the bands follow (Daily, Weekly or Monthly)
- Previous day, week and month VWAP levels carried forward as support and resistance
- Clean session breaks: lines stop at each reset instead of connecting with a vertical jump
- Alerts when price crosses the VWAP or breaks band 1 or band 2
- Alert by popup, sound, push notification to the MT5 mobile app, or email
- Closed-bar alert mode that does not repaint
- Maximum one alert per bar per condition, so no alert spam
- Reset offset to align the daily reset with your preferred session (for example the London or New York open)
- Tick volume or real volume, with automatic fallback to tick volume if the broker has no real volume
- Maximum bars setting to keep the indicator fast on long histories
- Buffers for Expert Advisors (iCustom)
HOW TO USE
- Price above VWAP suggests buyers are in control for the period, price below suggests sellers are in control.
- The VWAP line and the previous period VWAP levels often act as support and resistance.
- The outer bands (+/-2 and +/-3) show when price is stretched far from the average, which some traders use for mean reversion ideas.
- Combine Daily VWAP with Weekly and Monthly VWAP to see where the shorter and longer term fair value meet.
Best used on intraday timeframes (M1 to H4). On a timeframe equal to or higher than the reset period, each bar is its own period.
INPUT PARAMETERS
Calculation
- Price source: price used for the calculation (Typical HLC/3, OHLC/4, Median HL/2 or Close)
- Volume type: tick volume or real volume
- Reset offset (hours): shifts the period reset relative to broker server time (-23 to 23)
- Max bars to calculate: limits history for speed (0 = all bars)
VWAP Lines
- Show Daily / Weekly / Monthly VWAP: turn each line on or off
- Color and width for each line
Standard Deviation Bands
- Show bands: turn the bands on or off
- Bands follow which VWAP: Daily, Weekly or Monthly
- Band 1 / Band 2 / Band 3 multiplier: distance of each band in standard deviations
- Show band 3: turn the third band on or off
- Band colors and band style (dotted and dashed styles need width 1)
Previous-Period Levels
- Show previous day's / week's / month's VWAP: turn each level on or off
- Level style
Signals and Alerts
- Signals/alerts use which VWAP: Daily, Weekly or Monthly
- Alert on closed bar only: alerts only after the bar closes (no repaint)
- Alert when price crosses VWAP
- Alert when price breaks band 1
- Alert when price breaks band 2
- Popup alert, play sound, sound file, push notification, email
BUFFERS FOR EXPERT ADVISORS (iCustom)
- Buffer 0: Daily VWAP
- Buffer 1: Weekly VWAP
- Buffer 2: Monthly VWAP
- Buffer 3: Signal (+1 = price crossed above VWAP, -1 = price crossed below VWAP, 0 = no signal)
- Buffer 4: Standard deviation of the selected bands
Note: the signal on the current, still open bar can change until the bar closes. Use closed bars for reliable signals.
NOTES
- Push notifications require your MetaQuotes ID to be set in MT5 (Tools > Options > Notifications).
- Email alerts require email settings in MT5 (Tools > Options > Email).
- Most forex brokers only provide tick volume. This is normal and the indicator will use it automatically.
This indicator is a technical analysis tool and does not guarantee profits. Always use proper risk management.
If you find it useful, a rating or comment is appreciated. Feedback and feature suggestions are welcome.
