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VWAP Standard Deviation Multi-Time Frame

VWAP Standard Deviation Multi-Time Frame indicator shows VWAP , 1 standard deviation price from the VWAP , 2 standard deviation price from the VWAP and 3 standard deviation price from the VWAP

These lines are value regions and usually act as great support and resistance .

For best results allow the VWAP to develop in the beginning of the time frame, for almost about 20% of the total time period
For example, in a daily time frame, wait for about 4hrs for VWAP to develop before using the VWAP and Standard devaitions of VWAP as support and resistance zones

Change the values in timeframe input to use it for intraday, swing and long term trades.
Possible values are based on standard timeframe values 5,15,D,W,M, 12M etc
Release Notes: Changed default timframe to 'D'
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This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Comments

Hello,
Thanks for sharing this. works really well. one thing which would enhance it, The ability to change the settings of the STD dev band e.g being able to set 1.5 or 2.5 etc , Plus adding one more band.
Thank you,

all the best
Matt
Reply
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