VWAP Profile
- Indicators
-
Agus Santoso
DISCLAIMER ON : The author of EA will not be held responsible for your losses or problems of any kind if the EA is directly or indirectly responsible for any losses.
Our software is provided “as is”, without any warranty or condition of any kind, express, implied or statutory. - Version: 1.0
- Activations: 5
MQL5 Blogs = https://www.mql5.com/en/blogs/post/776258
MT4 Version = https://www.mql5.com/en/market/product/197233
MT5 Version = https://www.mql5.com/en/market/product/197234
VWAP PROFILE [tambangEA] is an advanced session-based VWAP and market profile indicator designed to help traders identify fair value, statistical price extremes, potential mean-reversion opportunities, and important value areas directly on the chart.
The indicator combines Session VWAP, deviation bands, price profile analysis, Point of Control (POC), rejection signals, confirmation logic, and an interactive multi-symbol dashboard in one integrated trading workspace.
It is designed for traders who want a structured way to evaluate whether price is trading near fair value, becoming statistically extended, or showing a potential rejection from an extreme area.
Core Features
Session VWAP
The central VWAP represents the volume-weighted fair value of the active session.
The indicator continuously calculates:
VWAP = Sum(Price × Volume) / Sum(Volume)
This provides a dynamic reference for evaluating whether price is trading above, below, or close to the session's weighted equilibrium.
Statistical Deviation Bands
VWAP PROFILE [tambangEA] calculates upper and lower statistical bands around the session VWAP.
These bands can help identify:
Overextended price conditions
Potential rejection areas
Mean-reversion zones
Volatility expansion
Session extremes
The upper and lower bands dynamically adapt as the session develops.
VWAP Profile
The indicator creates a visual price profile inside the VWAP distribution area.
The profile helps identify where market activity has concentrated during the active session.
Higher-density areas may represent zones where price has spent more time or accumulated more activity.
The profile can therefore be used to identify potential:
Value areas
Reaction zones
Support and resistance
Mean-reversion targets
Liquidity concentration areas
Point of Control — POC
The Point of Control represents the price area with the highest profile activity.
POC can be used as an important reference for:
Return-to-value analysis
Intraday equilibrium
Profit targets
Support/resistance evaluation
Market acceptance
When price becomes extended away from VWAP or POC, traders can monitor whether the market begins rotating back toward value.
Bull / Bear Profile Information
Each profile level can display bullish and bearish candle counts.
Example:
[+8 | -12]
This means that the corresponding profile area contains:
8 bullish candles
12 bearish candles
This information is designed to provide additional context about candle behavior within each price zone.
Please note that these values represent bullish and bearish candle counts, not true Bid/Ask order-flow delta.
Multi-Stage Signal Engine
VWAP PROFILE [tambangEA] includes several layers of signal processing.
Original Rejection Logic
A potential bearish rejection may occur when:
Price trades above the Upper VWAP Band
The candle closes back below the band
A potential bullish rejection may occur when:
Price trades below the Lower VWAP Band
The candle closes back above the band
This identifies situations where price temporarily moves outside the statistical boundary but fails to remain there.
Enhanced Signal Processing
The enhanced engine evaluates additional conditions to reduce weak rejection signals.
The analysis may include:
Band excursion strength
Close-back depth
Wick quality
Candle direction
Session maturity
Band width
VWAP distance
POC context
Trend strength
VWAP slope
This provides a more selective signal framework than a simple band touch.
