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
Hello,
Thanks for all your efforts, It's a great and easy-to-use indicator, but it would be nice to see the previous timeframe data (Vwap and deviation lines) displayed on the chart. For example, if we selected the weekly timeframe in the settings of the indicator, the previous week's data would be printed as a dashed line on the chart like the Vwap indicator on the Ninja trader.
Samuel
Matt_Poll
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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,
Thanks for all your efforts, It's a great and easy-to-use indicator, but it would be nice to see the previous timeframe data (Vwap and deviation lines) displayed on the chart. For example, if we selected the weekly timeframe in the settings of the indicator, the previous week's data would be printed as a dashed line on the chart like the Vwap indicator on the Ninja trader.
Samuel