If you’re a trader focused on precision, volume, and timing, then the VWAP (Volume Weighted Average Price) is likely one of your favorite tools. But we’ve taken it a step further — introducing our Custom Multi-Deviation VWAP Indicator for TradingView.

This isn’t just any VWAP. This is a professional-grade tool designed for day traders, scalpers, and intraday swing traders who want a powerful view of market structure and potential mean-reversion zones.

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What is VWAP and Why Should You Care?

VWAP stands for Volume Weighted Average Price. It provides a running average of price, weighted by volume, throughout the day — giving you a real-time benchmark of where the majority of trading activity has occurred.

Traders often use VWAP:

• As a dynamic support/resistance line
• To identify value areas
• To judge if price is above or below “fair value”
• For mean-reversion strategies

Standard VWAP Line — The anchor for the entire setup
Multiple Standard Deviation Bands — Just like Bollinger Bands, but calculated off VWAP. These zones help define high-probability reversal or continuation areas
Color-coded deviation zones — Instantly identify the strength of a move or a stretched condition
Intraday accuracy — Optimized for 5-minute charts, ideal for scalping or short-term setups

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How to Use the VWAP Indicator

1. Trend Confirmation

If price holds above the VWAP line and tests +1 or +2 standard deviation bands, it often signals a strong uptrend. Look for pullbacks to VWAP or +1 SD for entries.

2. Mean Reversion

When price stretches to the +2 or -2 SD band and shows signs of reversal (e.g., a wick or engulfing candle), a reversion to VWAP becomes likely.

3. Volume Context

Volume around the VWAP line can indicate consolidation zones or accumulation/distribution behavior.

4. Support and Resistance

The deviation bands often act as dynamic support/resistance. You can use them to place stops, entries, or scale-outs.

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This is a private indicator, only available by request.

To get access:

Join the discord and request access.