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Zone vwap auto band

It is an indicator used to identify support and resistance points from the daily VWAP and you can use it to check the best entry and exit points.

The calculated value of the channel distance can be calculated in several ways:

- Manual
  Defining the value to be projected to calculate the distance of the channels.

- Automatic
  Select the timeframe to be used.
  Regardless of the graphic time that is on the screen, if the parameter is changed to
     H1(One hour candles), the system will calculate the Minimum and Maximum in the last 60 minutes.
     M30(Thirty minute candles), the system will calculate the Minimum and Maximum in the last 30 minutes.


Works on all assets and timeframes.

Use it according to your strategy.

Hit exactly the entry and exit points of your operations.


NOTE: Before inserting the Indicator, leave the screen on the M1 chart, after inserting it you can change the screen to any timeframe.
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Zone color zeus
Anizio Donizete Dias De Moraes
Colors generated according to the Height and Depth parameter. The analysis is carried out following the direction of the price and volume traded if the traded value exceeds the calculation base the system changes the color to green, informing you that the price direction is strong to buy, if the traded value is less than the calculation base the system changes to red, indicating that the price is strong for sale.
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Ricardo Pereira Bahia
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Ricardo Pereira Bahia 2022.10.01 14:52 
 

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