Dynamic Bands VWAP
Indicator
Version 1.0, Jul 2026
Windows, Mac
Description
Don't trust static support and resistance levels, this indicator combine the widely used Fibonacci and VWAP in one setup that solves the shortcomings of each one. Now all levels are dynamic, based on Money Flow, Time Blocks and Mathematical Rules.
This indicator plots a stepped ladder of horizontal lines based on a moving VWAP/TWAP average. Instead of a smooth continuous line, it recalculates the average only every X bars (a “ladder step”), drawing flat horizontal segments that jump vertically to new levels at each step. The distances of the lines above and below the VWAP/TWAP follows a Fibonacci sequence multiplied by a user‑selected percentage scale (Fibonacci Scale).
Parameters
- Average Type – VWAP (volume‑weighted) or TWAP (time‑weighted).
- Period (bars) – Lookback window for the average calculation.
- Number of lines above/below – How many Fibonacci‑spaced levels to draw on each side (≥2).
- Fibonacci Scale – Base percentage unit for the spacing.
- Update every X bars – Frequency of ladder recalculation; the average and all lines remain constant between updates.
How to use? Can be used as:
- All Mean-Reversion Strategies
- Support and Resistance validation
- Best price to enter and get out
- Overbrought/Overselled oscillator
- MTF Confluence
- Full replacement to Bollinger Bands
- And more.
Summary
Indicator profile
Indicator category
Support & resistance
Output type
Visualisation
Signals
Filter
Data requirements
Bars only
Volume
Supported signals
Breakout
Reversal
Volatility
Level touch
Level break
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Discussion
FAQ
Fibonacci
Key Levels
Volume
VWAP
Support & Resistance
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Price
Since 24/03/2026
10
Sales
57
Free installs