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CandelaCharts - Killzone VWAP

📝 Overview

The CandelaCharts - Killzone VWAP indicator provides a specialized Volume Weighted Average Price (VWAP) calculation for specific intraday sessions (Killzones) and the daily period. It includes advanced features like Standard Deviation bands and Rolling VWAP calculation, making it a powerful tool for volume-based trend analysis.

📦 Features

5 Customizable Sessions: Tracks VWAP across Asia, London, NY AM, NY Lunch, and NY PM sessions.
Daily VWAP Modes:
- Classic: Resets at the start of each daily session.
- Rolling: Provides a 24-hour continuous rolling average for a smoother representation of long-term volume-weighted price.
Standard Deviation Bands: Up to two levels of bands (±1, ±2) for volatility analysis and identifying overextended price levels.
Historical Labels: Automatically marks session-end levels with labels to identify where previous institutional interest concluded.
Session Backgrounds: Highlights active killzones with distinct background highlights for better visual organization.
Session Dividers: Clear vertical dividers with customizable line styles and widths.

⚙️ Settings

Source: Price source for VWAP calculation (default: `hlc3`).
StDev Mult (1 & 2): Custom multipliers for the volatility bands.
Timezone: Supports Exchange, UTC, and America/New_York.
Line Width & Opacity: Customize the appearance of StDev bands.
Session Name & Time: Configure exact labels and windows.
Show Std Dev Bands: Toggle volatility bands for this specific session.
Show Labels: Toggle current and historical session-end labels.
Show Background & Divider: Visual organizers for the active period.
Daily VWAP: Toggle, choose calculation type (Classic/Rolling), and configure bands/labels.
Dividers: Global style, width, and color settings for vertical lines.

⚡️ Showcase

VWAP Line

VWAP with Standard Deviation Bands

Daily Rolling VWAP

Session Backgrounds and Session Dividers

🚨 Alerts

Standard TradingView alerts for session start/end can be configured based on the visualized periods.

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.

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CandelaCharts

🔵 Tools that give you the edge: candelacharts.com/.

🔵 Join our free discord for updates: candelacharts.com/community

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