VWAP Plus Pro for cTrader

An advanced VWAP with multi-VWAP (Daily/Weekly/Monthly/Anchored), click-to-anchor, configurable alerts, a stats panel, and optional outside-band highlighting.

Parameters (explained)

Visibility

• Show Daily / Weekly / Monthly / Anchored
  Toggle each VWAP. Tip: keep Daily on for baseline alerts.

Session

• Session Start Hour (0–23)
  Shifts the reset boundary for Daily/Weekly/Monthly VWAPs.
  Examples: 9 (EU cash open), 15 or 16 (US, per DST).
  Note: it also affects which candle belongs to the “current” week.
• Week Starts On (Monday/Sunday/Saturday)
  Sets the week start used by the Weekly reset.

Anchored

• Use Clickable Anchor (true/false)
  If true, draws a VWAP_Anchor vertical line—drag to pick the start of the anchored VWAP.
• Anchor Start (server time)
  Used when click-to-anchor is off. Recommended format: YYYY-MM-DD HH:MM:SS.

Price & Bands

• Price (Typical HLC3 / Close / OHLC4)
  Price source for calculations. Typical (HLC3) = default; OHLC4 = smoother; Close = snappier.
• Show Bands (true/false)
  Shows up to 3 bands computed with volume-weighted variance (truer than plain price stdev).
• Band 1/2/3 SD Multiplier (≥ 0)
  Standard deviation multipliers (common: 1.0 / 2.0 / 3.0).
  Set 0 to disable a specific band.

Style & Theme

• Theme (Dark/Light)
  Affects text/alert/highlight colors.
• Stats Text Color / Alert Text Color / Anchor Line Color (HEX)
  Colors for overlay text, alert messages, and the anchor line.

Stats

• Show Stats Panel (true/false)
  Displays the top overlay with Baseline, Δ in pips (distance from VWAP), and z-score estimate.
• Baseline for Stats (Daily/Weekly/Monthly/Anchored)
  Chooses which VWAP the Δ and z-score refer to.

Alerts

• Enable Alerts (true/false)
  Master toggle for alerts.
• Alerts Baseline (Daily/Weekly/Monthly/Anchored)
  VWAP used by the alerts.
• Alert on VWAP Cross (true/false)
  Fires when Close crosses the chosen VWAP.
• Alert on Band Touch/Re-entry (true/false)
  Fires on touch of the chosen band or re-entry after an excursion.
• Alert Band Index (1–3)
  Which band to monitor (1 = closest to VWAP).
• Alert Cooldown (bars)
  Minimum bars between alerts (reduces noise).

Visual

• Highlight Outside Bands (true/false)
  Draws semi-transparent rectangles when price exceeds the selected band (baseline = Alerts Baseline).
• Max Highlight Bars
  How many bars to keep highlighted (prevents clutter).
• Highlight Opacity (0–255)
  Rectangle opacity (higher = more visible).

Quick presets

• EU intraday: Session Start Hour 9, Alerts Baseline Daily, Band Index 1, Cooldown 10.
• Breakout/trend: disable Band3, use Close price, alerts on cross + re-entry.
• Mean-reversion: Typical HLC3, band1=1, band2=2, enable Highlight Outside Bands for “over-extension” spots.