PipTick VWAP MT4

PipTick VWAP is a version indicator Volume-Weighted Average Price. VWAP - the ratio between traded value (price multiplied by the number of traded volume) and the total traded volume per time period. It is much better measure of the average price of the instrument as compared to a conventional moving average. Although there are many ways to use VWAP, most investors use it to calculate the average daily range.

The indicator works in five modes:

• Moving - In this mode PipTick WVAP acts as a moving average with a certain period.


• Daily - In this mode produces PipTick VWAP calculations from the beginning to the end of the day.


• Weekly - In this mode produces PipTick VWAP calculations from the beginning to the end of the week.


• Monthly - In this mode produces PipTick VWAP calculations from the beginning to the end of the month.


• Session Time - In this mode, the user selects the starting and ending time for calculations PipTick VWAP.

How to use PipTick VWAP indicator?

Many traders use VWAP band as well as the Bollinger bands. You can search a reverse transaction in the second or third standard deviations from the VWAP. The combination with the price action or candlestick patterns will help you to achieve very good results. Certainly, PipTick VWAP can also be used for benchmarking, as well as doing a lot of investors.

Main characteristics

• Several modes to choose from


• The first, second and third standard deviations from the VWAP


• Fast and reliable indicator


• Adjustable parameters (color, line thickness, period VWAP ...)


• It can be used to create counselor


• Designed for MT4 and MT5

Input parameters

• VWAP_Mode - Selecting the operating mode: moving, daily, weekly, monthly and session time. (For the function iCustom - moving mode = 0, daily = 1, weekly = 2, monthly = 3 and session time = 4)


• MA_Period - calculating the period of the moving average


• Session_Start_Hour - Hour started in the selection session time mode. In other cases, this parameter is ignored


• Session_End_Hour - Hour operation at the end of the session time selecting mode. In other cases, this parameter is ignored


• Color_VWAP - color line VWAP


• Color_Deviation1 - Color lines of the first deflection


• Color_Deviation2 - The color of the second deflection lines


• Color_Deviation3 - Color deviations of the third line


• Visibility_VWAP - Enabling / disabling line VWAP


• Visibility_Deviation1 - Enabling / disabling of the first deflection lines


• Visibility_Deviation2 - Enabling / disabling of the second deflection lines


• Visibility_Deviation3 - Enabling / disabling of the third deflection lines

output parameters

• VWAP - VWAP values


• 1. SD Top - Values ​​above the line of the first deflection VWAP


• 2. SD Top - The values ​​of the second line deflection above VWAP


• 3. SD Top - The values ​​of the third line deviations above the VWAP


• 1. SD Bottom - The values ​​of the first line deflection below VWAP


• 2. SDBottom - The values ​​of the second line deflection below VWAP


• 3. SDBottom - The values ​​of the third line deviations below the VWAP

For more information, visit PipTick VWAP.