VWAP (The Trader Richie)
This indicator plots the session's Volume Weighted Average Price (VWAP) with standard deviation bands at ±1σ, ±2σ and ±3σ. VWAP resets at the start of each trading day, so it always shows the average price weighted by that day's volume. Many intraday traders and institutions treat it as a benchmark for "fair value."
How to read it
VWAP (orange line): Price above VWAP suggests buyers are in control. Price below suggests sellers are. The line often acts as dynamic support or resistance.
±1σ (gray bands): The normal trading range around fair value. The shaded zone in the middle is where price spends most of the session.
±2σ (red / green): Price is stretched. Moves into this zone often mean overbought or oversold conditions and a higher chance of a pullback toward VWAP.
±3σ (bold red / green): Extreme deviation, which is statistically rare. It's useful for spotting exhaustion, taking profits or looking for mean-reversion setups.
Features
Resets VWAP and bands automatically each day
Adjustable deviation values for each band
Option to show or hide the 2nd and 3rd bands
Selectable price source (default: hl2)
Optional previous-day VWAP close, colored green or red depending on whether price is above or below it
Shaded overbought and oversold zones for quick visual reading
Best used on intraday timeframes (1m–1h) for stocks, futures, crypto and forex. It works well for mean-reversion entries, trend confirmation and setting profit targets.
How to read it
VWAP (orange line): Price above VWAP suggests buyers are in control. Price below suggests sellers are. The line often acts as dynamic support or resistance.
±1σ (gray bands): The normal trading range around fair value. The shaded zone in the middle is where price spends most of the session.
±2σ (red / green): Price is stretched. Moves into this zone often mean overbought or oversold conditions and a higher chance of a pullback toward VWAP.
±3σ (bold red / green): Extreme deviation, which is statistically rare. It's useful for spotting exhaustion, taking profits or looking for mean-reversion setups.
Features
Resets VWAP and bands automatically each day
Adjustable deviation values for each band
Option to show or hide the 2nd and 3rd bands
Selectable price source (default: hl2)
Optional previous-day VWAP close, colored green or red depending on whether price is above or below it
Shaded overbought and oversold zones for quick visual reading
Best used on intraday timeframes (1m–1h) for stocks, futures, crypto and forex. It works well for mean-reversion entries, trend confirmation and setting profit targets.
The Trader Richie
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
The Trader Richie
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.