VWAP or volume weighted average price indicator is one of the main intraday trading indicators, this indicator uses typical price which is sum of high, low and close divided by three and then it multiplies the typical price to the volume of that particular bar after that it divides the result to the cumulative volume of that bar.
If you are an intraday trader you can use VWAP for finding the trend direction or in case you are an algo trader you will be able to use this indicator on your trading algos.
VWAP gives a complete picture of the market by using three price series(high, low and close) and volume, not just a single price series like moving averages.
Features
- Shifting the VWAP line forward and backward
- Changing the number of days from one day
- Popup, sound, Telegram, and email alert on VWAP cross
Version 1.3.3.0
Release Date: August 24, 2020
Changed: Update notification library
Changed: Alert library
Version 1.3.2.0
Release Date: August 8, 2020
Added: Alert mode
Changed: Alert library updated
Version 1.3.1.0
Release Date: April 28, 2020
Added: Now you can enable/disable update notification message
Version 1.3.0.0
Release Date: March 30, 2020
Changed: Updated to new cTrader API
Changed: Updated alert library
Version 1.2.2.0
Release Date: April 23, 2018
Changed: Updated the alert library
Fixed: The issue with non-standard chart types
Version 1.2.1.0
Release Date: March 6, 2018
Changed: Updated the alert library
Changed: Tweaked the code
Version 1.2.0.0
Release Date: November 17, 2018
Added: Standard deviation lines similar to Bollinger Bands
Version 1.1.0.0
Release Date: November 5, 2018
Added: Vertical separator lines
Added: Max Timeframe
Changed: Alert library updated
Trading Sniper –
Excellent. Allows me to monitor many pairs and i get an alert when one touches the VWAP. Great idea thanks saved me lots of missed entries