VWAP Plus indicator for MT4 | Forex Factory

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VWAP Plus indicator for MT4

  • #1
  • First Post: Edited 9:35pm Sep 11, 2018 9:33am | Edited 9:35pm
I modified the Akif TOKUZ Market Statistics and built the MT4 VWAP Plus indicator.To be used only on M5 timeframe.Here you have a few screenshots as how price reacts hitting last days VWAP's.Consider the market reaction in the VWAP's area +-2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 34 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 32 KB

Most of Pension Funds orders are still sitting on old VWAP'S ready to be filled.
To be used exclusively on M5 timeframe.
Attached File(s)
File Type: ex4 VWAP Plus.ex4   34 KB | 21,170 downloads
It's show time
  • #2
  • Sep 11, 2018 10:29am Sep 11, 2018 10:29am
subs
  • #3
  • Sep 11, 2018 9:41pm Sep 11, 2018 9:41pm
Missed by 2 pips on the first try and came back and did it.Ready for the rally?!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFTest.png Size: 37 KB
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  • #4
  • Sep 12, 2018 2:50am Sep 12, 2018 2:50am
Building pressure before the rally!USDCHF in buy mode ready to explode upside.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM.png Size: 47 KB
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  • #5
  • Sep 12, 2018 3:04am Sep 12, 2018 3:04am
And the result.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFMexplode.png Size: 46 KB
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  • #6
  • Sep 12, 2018 3:48am Sep 12, 2018 3:48am
VWAP 3 is selling and act as rezistence.If EURUSD will trade bellow the green areea , will sell heavily today...on USD news most likely.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD down.png Size: 39 KB
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  • #7
  • Sep 12, 2018 6:15am Sep 12, 2018 6:15am
USD Index flat but ready to make a big wave upside today.USDCHF big long.
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  • #8
  • Sep 12, 2018 9:09am Sep 12, 2018 9:09am
VWAP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 39 KB
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  • #9
  • Sep 12, 2018 10:50am Sep 12, 2018 10:50am
VWAP Plus baby.Nice suport rezistence based on old VWAP's
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 39 KB
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  • #10
  • Sep 14, 2018 9:54am Sep 14, 2018 9:54am
USDCAD on the line
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 38 KB
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  • #11
  • Sep 14, 2018 9:57am Sep 14, 2018 9:57am
GBPUSD on the line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 40 KB
It's show time
  • #12
  • Dec 27, 2018 3:37am Dec 27, 2018 3:37am
Hi
Thanks for sharing this, any Entry Exit rules available. Please share/advice. Regards
  • #13
  • Dec 27, 2018 7:54am Dec 27, 2018 7:54am
Buy above, sell below?
  • #14
  • Jan 8, 2019 10:25am Jan 8, 2019 10:25am
Hi, I will try this indicator. I have noticed that the probability of a breakout is higher if the volume on that candle increases.
  • #15
  • May 9, 2019 11:25pm May 9, 2019 11:25pm
Quoting masterx584
I modified the Akif TOKUZ Market Statistics and built the MT4 VWAP Plus indicator.To be used only on M5 timeframe.Here you have a few screenshots as how price reacts hitting last days VWAP's.Consider the market reaction in the VWAP's area +-2 pips {image}{image}{image}{image} Most of Pension Funds orders are still sitting on old VWAP'S ready to be filled. To be used exclusively on M5 timeframe.{file}
can you post the mql4 for the indicator... need to recompile because this one not work
  • #16
  • May 14, 2019 6:47am May 14, 2019 6:47am
Quoting masterx584
I modified the Akif TOKUZ Market Statistics and built the MT4 VWAP Plus indicator.To be used only on M5 timeframe.Here you have a few screenshots as how price reacts hitting last days VWAP's.Consider the market reaction in the VWAP's area +-2 pips {image}{image}{image}{image} Most of Pension Funds orders are still sitting on old VWAP'S ready to be filled. To be used exclusively on M5 timeframe.{file}
Hi Nice Indicator, please advise, it starts at 22.00 not 24.00 on my account any chance of a NY start time and or an editable input for the start time, many thanks
Pho
  • #17
  • Jun 26, 2019 2:34pm Jun 26, 2019 2:34pm
Hi masterx584! Great indicator. Can you modifie the indicator to start vwap 2 hours later? My broker is plus 2.
Much appreciated mate!
Good Luck to you!
  • #18
  • Jul 27, 2019 10:02am Jul 27, 2019 10:02am
Quoting masterx584
I modified the Akif TOKUZ Market Statistics and built the MT4 VWAP Plus indicator.To be used only on M5 timeframe.Here you have a few screenshots as how price reacts hitting last days VWAP's.Consider the market reaction in the VWAP's area +-2 pips {image}{image}{image}{image} Most of Pension Funds orders are still sitting on old VWAP'S ready to be filled. To be used exclusively on M5 timeframe.{file}

Sir,
I have downloaded and attached to chart in my mt4. The system got hanged after running this indicator. its getting repeated. what might be the problem
will you pl look into my prob?
regards
  • #19
  • Aug 8, 2019 8:42pm Aug 8, 2019 8:42pm
vwap1 price above we buy vwap3 if price below that then we sell is this right.
  • #20
  • Sep 28, 2019 6:47pm Sep 28, 2019 6:47pm
Hi masterx584, would be very useful if we could set the opening and closing time, thank you very much
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