ProVWAP is an advanced indicator for the cTrader platform that provides anchored Volume Weighted Average Price (VWAP) analysis combined with volatility bands. It allows traders to anchor the VWAP at any specific candle index or exact date/time, enabling precise tracking of price action from pivotal points. The indicator supports customizable session resets, automatically restarting VWAP calculations at user-defined times to align with trading sessions.
Key features include a rolling window VWAP calculation over recent hours to capture dynamic trends, and volatility bands based on standard deviation to assess price strength and potential breakout zones. ProVWAP offers smart visual and audible alerts when price crosses the anchored VWAP, aiding timely decision-making. Its clean, non-intrusive overlay works across all timeframes.
The tool is designed to reveal institutional fair-value zones, offering flexibility to tailor anchoring and analysis windows to individual strategies. It supports early-warning signals for breakouts and reversals. A sample strategy for Gold (XAU/USD) on a 1-hour timeframe demonstrates usage with session resets, band multipliers, and entry/exit rules based on price action relative to bands and RSI.
ProVWAP includes position management features such as stop-loss placement near the anchored VWAP, take-profit targets at risk-reward ratios or band touches, and trailing stops based on ATR. The license is tied to a cTrader account and includes lifetime updates and dedicated support.