VWAP Bands

Volume-Weighted Average Price with Bands

VWAP is the volume-weighted average price for a futures contract plotted as a line on the price chart. The calculation is the sum of traded volume, multiplied by the price, divided by the sum of the traded volume.

This study has a number of uses. It provides the current volume-weighted average price for the trading day or the trading session.

We have added Standard Deviation Bands to the VWAP indicator. VWAP2 has an upper and a lower band where VWAP3 has two upper and two lower bands. The Standard Deviation Factor of these bands can be set in the parameters.

If you are interested how the programming of this indicator via the toolbox works, please review this article.

Download the PAC file ‌‍‍‍‍

Tags
Indicator
VWAP
CQG PAC Files
File
VWAP.pac1.4 MB

Disclaimer

Trading and investment carry a high level of risk, and CQG, Inc. does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated CQG trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. The opinions expressed here are solely those of the author and do not reflect the opinions of CQG, Inc. or its affiliates.