* Fixed the calculation of the opening bar * Added two additional deviation bands * Added horizontal line of previous VWAP close
This update adds support for two more sets of bands, allowing you to show 1st, 2nd, and 3rd deviations. These extra bands are disabled by default as to not crowd the chart, but are shown in the screenshot and can be enabled under the indicator settings. The numbers 3.09 and 1.28 were recommended by coondawg71 in a comment on the original version. The previous version started calculating VWAP on a change of day, instead of a change of session. It now correctly calculates the VWAP when a new session begins. The last addition allows you to plot the previous day's VWAP close. The VWAP is where price has found balance, which makes these levels significant among the noise.
hi
I love VWAP and terrific to see a version with offset bands - perfect!
Basic question: How do I set the launch position / candle number?
ru2
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I love this indicator and have used it for a year, but it does not reset properly sometimes on futures instruments.
For example on the /ES today, the markets were opened from Sunday 6pm EST until Monday 1pm EST. The last time my vwap bands reset was May 24th at 6pm.
On non-holidays, it always resets at 6:00pm EST... so the half day close (1pm to 5pm EST) on May 25th messed up the band calculation and it did not reset :(
adiblue704
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i want this for metatrader 4 (MT4) in .mq4 extension please help
JayRogers
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Really neat.
bullbearbreeder
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excellent indicator, great work.
shzhning
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Hi Instead of showing prevwap, how can I modify the code to show previous Up1/Dn1 and Up2/Dn2?
cooney_s
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Excellent work Sandro ! Well done !
cristian.d
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@Coondawg71, how to plot the previous day close for lets say 3 days, not just one day? Thanks
I love VWAP and terrific to see a version with offset bands - perfect!
Basic question: How do I set the launch position / candle number?