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the indicator plots VWAP with 4 Standard Deviation bands. 

in fund, volume-weighted average cost (VWAP) is the ratio of the value traded to overall volume traded within a
specific time horizon (usually 1 day). it is a measure of the average price at which a stock is traded over the trading horizon.

VWAP is often used as a trading standard by investors who purpose to be as passive as you can in their implementation. many
pension funds, and some mutual funds, fall into this category. The aim of using a VWAP trading goal is to ensure that the dealer executing
the order does so in-line with volume on the market. It is sometimes argued that such execution reduces transaction costs by minimizing
market impact costs (the additional cost due to the market impact, i.e. the adverse effect of a trader’s activities on the price of a
security).

VWAP is often used in algorithmic trading. Trading algorithms that use VWAP as a target belong to a class of algorithms known
as volume participation algorithms.

Parameters:

  • VWAP Type:
    • Daily
    • Weekly
    • Monthly
  • Applied Price:
    • Open
    • Close
    • High
    • Low
    • Open Close
    • High Low
    • Close High Low
    • Open Close High Low
  • Show Stdev Bands
  • Standard Deviation 1
  • Standard Deviation 2
  • Standard Deviation 3
  • Standard Deviation 4
  • Calculate Every Tick
Read More...

  • Daily
  • Weekly
  • Monthly
  • Open
  • Close
  • High
  • Low
  • Open Close
  • High Low
  • Close High Low
  • Open Close High Low

ATTENTION! For use in Expert Advisors:

Buffers Index:

  • VWAP = 0
  • Upper Band 4 = 2
  • Upper Band 3 = 4
  • Upper Band 2 = 6
  • Upper Band 1 = 8
  • Lower Band 1 = 10
  • Lower Band 2 = 12
  • Lower Band 3 = 14
  • Lower Band 4 = 16

ATTENTION! For use in Expert Advisors:

Buffers Index:

  • VWAP = 0
  • Upper Band 4 = 2
  • Upper Band 3 = 4
  • Upper Band 2 = 6
  • Upper Band 1 = 8
  • Lower Band 1 = 10
  • Lower Band 2 = 12
  • Lower Band 3 = 14
  • Lower Band 4 = 16

Our Useful Features & Services

Published

29 February 2020

Updated

10 March 2020

Current Version

2.30

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LUKE PERRETT January 12, 2021 7:33 pm
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Doesn’t show deviation of bands as it describes. Dont Purchase