Multi-day dynamic VWAP - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources

The indicator plots a multi-day VWAP (Volume Weighted Average Price) dynamic level, starting from the daily timeframe by default (the timeframe is fully customizable in the input). It is similar to anchored VWAP in that it can calculate VWAP over multiple days (or bars, if you prefer). Powerful at identifying key support/resistance levels , trend confirmation , and mean reversion signals . In addition to dynamically updated VWAP levels, market closing prices are plotted alongside heiken ashi trends to help visualize bearish and bullish trends.

Volume Weighted Average Price (VWAP) represents the volume-weighted average price over a selected time period. Unlike a simple average, it tells you that the majority of the volume has been traded here , which is an important benchmark for institutions.

when When looking for VWAP signals, you ideally want to see how the market price deviates from the VWAP price, rather than buying directly at the VWAP price.

Trend support/resistance:

When looking for trading signals using VWAP, it is more insightful to focus on how price moves away from VWAP levels rather than entering directly.

Breakout signals:

Mean reversion in volatile markets:

Attachment download

📎 multi-day_dynamic_vwap.mq5 (15.25 KB)

Source: MQL5 #59157