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PROTECTED SOURCE SCRIPT

ZFelds' OrderFlow VWAP Bandos

By ZFelds
Updated
VWAP with 3 standard deviations, based on the "Orderflow VWAP from NinjaTrader.

When Price is ABOVE VWAP = VWAP turns GREEN
When Price is BELOW VWAP = VWAP turns RED

The Standard Deviation Bands are considered "echoes" of the VWAP with different multipliers, acting as support/resistance and areas of interest.





Big thanks to CryptoMF and barnz from The Cave for the assistance with this indicator.
Release Notes
Updated Example Chart and Title
Release Notes
Plots were duplicated when showing labels on the price axis. This has now been fixed.
Release Notes
Added ability to view "Previous VWAP Close", and added label to read as such on axis.
Release Notes
Updated Colors based on Standard Deviations, Deviation Labels/Percentages, and fixed "Previous VWAP Close" Plot.

Green = 1σ = 34.1%
Yellow = 2σ = 13.6%
Red = 3σ = 2.1%
Release Notes
Changed Setting Labels for Standard Deviations.
Release Notes
Added percentages to the labels in regards to the standard deviations:


Around 68% of Price Action will be contained between 1σ and -1σ
Around 95% of Price Action will be contained between 2σ and -2σ
Around 99% fall between 3σ and -3σ
Release Notes
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Release Notes
Changed default indicator timeframe to Daily "D" for intra-day scalping/trading.

For CHART timeframes H1 and below, the INDICATOR functions best on the Daily "D" Timeframe.

For CHART timeframes H1 and above, the INDICATOR functions best on the Weekly "W" Timeframe.

For CHART timeframes 1D-3D, Indicator functions best on the Monthly "M" Timeframe.

Indicator timeframes can be set to any variation such as 2D, 3D 3M, etc.
Release Notes
Changed VWAP Width
Release Notes
Made "Prev VWAP Close" line width smaller.
Release Notes
Edited Previous VWap Close Settings
Release Notes
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orderflowvwapTrend AnalysisVolumeVolume Weighted Average Price (VWAP)zfelds

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