Session VWAP Pro plots a Volume Weighted Average Price that resets at a user-defined session anchor time, giving you full control over which trading session the VWAP tracks.

What it does

The indicator calculates VWAP using tick volume and displays up to three standard deviation bands (1σ, 2σ, 3σ) derived from volume-weighted variance. It also plots the previous session's final VWAP as a reference level for potential support and resistance.

How to read it

• Price above VWAP suggests bullish intraday bias; price below suggests bearish bias.
• Deviation bands act as dynamic overbought/oversold zones. Price reaching the outer bands often signals overextension and potential mean reversion.
• The previous session VWAP serves as a key institutional reference level where price frequently reacts.

Key settings

• Anchor Hour / Minute — Set the exact time your VWAP session resets (e.g., market open, midnight, or any custom time).
• UTC Offset — Compensate for the difference between your broker's server time and your intended anchor timezone.
• Price Source — Choose between Typical Price, Median Price, Close, or OHLC4.
• Deviation Bands — Toggle each band independently and adjust multipliers to fit your instrument's volatility.
• Previous Session VWAP — Enable or disable the prior session's closing VWAP level.
• Alerts — Get popup and sound notifications when price crosses the VWAP or any deviation band.

Use cases

• Intraday mean reversion and trend-following strategies.
• Identifying session bias and institutional fair value.
• Confluence with supply/demand zones, order blocks, or support/resistance levels.
• Scalping entries near deviation bands on forex, gold, and indices.

Who is it for

Suitable for all experience levels. Day traders and scalpers will benefit the most, but swing traders can use it on higher timeframes with custom session anchors. Works on any instrument with tick volume data — forex, metals, indices, and crypto.

Notes

• VWAP uses tick volume, which is standard for CFD instruments in cTrader.
• Adjust the UTC Offset parameter if the anchor point does not align with your expected reset time. Tip: start with 0, and if the reset appears X hours ahead, set the offset to −X.