Ali VWAP with Standard Deviation Bands for MT5


Unleash Volumes Trading with the Ali VWAP Indicator for MetaTrader 5!

Enhance your forex trading strategy with the Ali VWAP Indicator, designed to provide a comprehensive view of price movement relative to trading volumes.

This powerful tool not only displays the VWAP but also calculates Standard Deviation Bands to offer deeper insights into market trends.

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.


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


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