VWAP Bands Indicator
Best VWAP (Volume Weighted Average Price) Bands Indicator for MT4. Identify the fair price, best entry, and exit price to BUY LOW and SELL HIGH.
The VWAP Volume weighted Average Price Bands indicator is similar to the Moving Averages and Bollinger bands. In this indicator, more weight is given to the volume. The indicator provides great insight on support and resistance levels in the chart. Moreover, the indicator shows the fair value of a trading instrument. Thus, enabling forex traders to identify great trading opportunities to BUY LOW and SELL HIGH.
Forex traders can combine the understanding of fair value price with price action. And find out the best possible entry price using the extreme bands. The identification of fair value price itself is crucial for the success of any trader.
VWAP Bands MT4 Indicator Trading Signals
The above EURUSD H1 chart shows the VWAP bands in action. The Middle line is the Volume Weighted Average Price (VWAP) of the trading instrument. And the upper and lower bands are formed by calculating the standard deviation from the midline. Price value at the midline is the fair value price of the trading instrument.
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