VolumeMetaTrader 5 • MQL5
VWAP Indicator Indicator for MetaTrader 5
Volume Weighted Average Price with standard deviation bands
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About This Indicator
VWAP is the most important intraday reference level used by institutional traders. This MT5 indicator plots VWAP with optional standard deviation bands and resets at the start of each trading session automatically.
Key Features
- VWAP with daily session reset
- Standard deviation bands (1, 2 sigma)
- Color-coded: green above, red below VWAP
- Works on all intraday timeframes
- Alert when price crosses VWAP
Frequently Asked Questions
What is VWAP used for?
VWAP is used by institutions as a benchmark. Retail traders use it as dynamic support/resistance for intraday setups.
Does VWAP work on daily charts?
VWAP is primarily an intraday indicator. On daily charts, a weekly or monthly VWAP variant works better.
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