VWAP Bands STV Indicator for MetaTrader 4 Download - [TradingFinder]

The VWAP Bands STV indicator combines Volume-Weighted Average Price (VWAP) analytical tools and support and resistance in MetaTrader 4 indicator .

This indicator identifies the overall market trend, price reversal points, and buying and selling pressure.

VWAP Bands STV Specifications Table

Table below presents the general features of the VWAP Bands indicator on the MetaTrader 4 platform:

Uptrend Conditions

The price chart below displays the global gold spot price against the US dollar (XAU/USD) in a 5-minute time frame.

A trend reversal occurs when the price movement touches two key levels within the lower VWAP bands, providing traders with a buying opportunity.

Downtrend Conditions

The image below shows the Binance Coin (BNB) chart in a 1-minute time frame.

When the price movement touches two key levels within the upper VWAP bands, it reverses the upward trend and offers a selling opportunity.

Indicator Settings

The main settings of VWAP Bands STV MetaTrader 4 indicator are shown in the image below:

• Convergence of lines: Merging of lines
• Type of VWAP: VWAP category
• Period of Volume Weight Average Price: Duration of VWAP
• Shift: Adjustment
• Price Type: Price format
• Number of StdDevs for the 1st band: Standard deviations for band 1
• Number of StdDevs for the 2nd band: Standard deviations for band 2
• Number of StdDevs for the 3rd band: Standard deviations for band 3
• UTC Time (true) / Local Time (false): Use UTC (true) or local time (false)
• Asia Time Zone: Asian zone
• Start Asia Time: Beginning of Asia session
• End Asia Time: Closing of Asia session
• London Time Zone: London session zone
• Start London Time: Opening time in London
• End London Time: Closing time in London
• AM NewYork Time Zone: Morning session in New York
• Start AM NewYork Time: Morning start in New York
• End AM NewYork Time: Morning end in New York
• PM NewYork Time Zone: Afternoon session in New York
• PM Start NewYork Time: Afternoon start in New York
• End PM NewYork Time: Afternoon end in New York
• Label: Identifier
• LabelColor: Color of label
• TextPosition: Placement of text
• LineColor: Color of line
• LineWidth: Thickness of line
• LineStyle: Line appearance
• LineBack: Background color of line
• Theme: Design scheme

Conclusion

The VWAP Bands STV indicator is a MT4 Trading tool indicator used for market trend analysis and identifying reversal points, support, and resistance.

This indicator defines appropriate entry and exit points by analyzing the trading volume (VWAP) and detecting trends.