Ali VWAP with Standard Deviation Bands - Indicator for MT5

Ali VWAP with Standard Deviation Bands

VWAP (Volume Weighted Average Price) represents the ratio of the price to the total volume traded within a specified time period. It provides a visual representation of how the current price relates to the average price based on trading volumes.

Ali VWAP also calculates the Standard Deviation Bands based on the VWAP. The default band settings are:

• 1 Standard Deviation above and below
• 1.5 Standard Deviations above and below
• 2 Standard Deviations above and below

However, you have the flexibility to adjust these settings according to your preferences.

There are four types of VWAPs available:

• Session VWAP: This is also referred to as anchored VWAP, where you define a start hour and an end hour.
• Daily VWAP
• Weekly VWAP
• Monthly VWAP

You have the option to display any combination of these four VWAPs on a graph, whether it's just one, two, three, or all four, depending on your requirements.

To ensure the chart remains clean, you can choose the number of VWAPs to look back on and display. For example, you can choose to show only the VWAPs from the last three sessions.

Tip:

If you require multiple sessions within a day, you can apply the indicator to the chart more than once, each time with different settings.

Licence:

When you order Ali VWAP Indicator, you will receive three licenses with a validity of one year.

To obtain licenses, you need to provide us with your account number. You don’t need to activate all the licenses at the same time; you can request them throughout the year.

You can send us the account number for which you want the license at contact@alientradershub.com.