MRG VWAP Complete

MRG VWAP Complete - Indicator Description
📊 Overview
MRG VWAP Complete is a professional all-in-one VWAP indicator that combines two powerful volume-weighted average price tools into a single, highly customizable solution. This indicator provides traders with both anchored VWAP with deviation bands and a weekly VWAP that resets every Sunday, offering comprehensive price analysis across multiple timeframes.
🎯 Key Features
Dual VWAP System

Standard VWAP: Highly configurable with multiple anchor periods and deviation bands
Weekly VWAP: Automatically resets every Sunday for swing trading strategies
Option to display both simultaneously or independently

Standard VWAP Capabilities
Multiple Anchor Periods:

Session (Daily)
Week / Month / Quarter / Year
Decade / Century
Corporate Events: Earnings / Dividends / Splits

Customizable Parameters:

Source selection (HLC3, Close, Open, etc.)
Hide on 1D timeframes and above
Offset adjustment
Custom color and line thickness (1-5)

Advanced Deviation Bands System
Three Independent Band Levels:

Each band can be enabled/disabled individually
Customizable multipliers for each level
Independent color selection for each band
Optional fill toggle for each band

Two Calculation Modes:

Standard Deviation: Traditional statistical approach
Percentage: Distance calculated as percentage of VWAP value

Visual Customization:

✅ Enable/disable band fills independently
🎨 Choose any color for each band
📏 Transparent fills (95% opacity) for clear price action visibility
🎯 Clean chart display with only desired elements

Weekly VWAP Features

Resets automatically every Sunday
Customizable source input
Independent color and line width settings
Perfect for identifying weekly trends and key levels

⚙️ Complete Parameter List
Display Options

Show/Hide Standard VWAP
Show/Hide Weekly VWAP

Standard VWAP Settings

Anchor Period selection
Source selection
Hide on 1D or above option
Offset value
VWAP color
VWAP line width (1-5)

Bands Settings

Calculation mode (Standard Deviation / Percentage)
Band #1: Enable, Multiplier, Color, Fill toggle
Band #2: Enable, Multiplier, Color, Fill toggle
Band #3: Enable, Multiplier, Color, Fill toggle

Weekly VWAP Settings

Weekly VWAP color
Weekly VWAP line width (1-5)
Source selection

📈 Strategic Applications
Mean Reversion Trading

Use deviation bands to identify overbought/oversold conditions
Enter trades when price reaches outer bands
Target VWAP for exits

Trend Confirmation

Price above VWAP = Bullish bias
Price below VWAP = Bearish bias
Weekly VWAP confirms longer-term trend direction

Support & Resistance

VWAP acts as dynamic support/resistance
Deviation bands provide multiple levels for entries/exits
Weekly VWAP identifies major swing levels

Multi-Timeframe Analysis

Combine Standard VWAP (intraday) with Weekly VWAP (swing)
Identify confluence zones where both VWAPs align
Spot divergences between short-term and weekly trends

Breakout Trading

Monitor price action around VWAP levels
Trade breakouts through deviation bands
Weekly VWAP breaks signal strong momentum

💡 Advantages
✨ All-in-One Solution: No need for multiple VWAP indicators
⏱️ Time-Saving: Pre-configured with professional settings
🎯 Precision: Multiple anchor periods for different trading styles
🎨 Fully Customizable: Every visual element can be adjusted
📊 Clean Charts: Toggle fills on/off for optimal visualization
🔄 Automatic Updates: Both VWAPs update in real-time
📱 Universal: Works on all timeframes and instruments
🎓 Ideal For
Trading Styles

Day Trading (M1, M5, M15)
Swing Trading (H1, H4, D1)
Scalping strategies
Position trading

Markets

Forex (XAUUSD, EUR/USD, GBP/USD, etc.)
Indices (US30, NAS100, SPX500)
Cryptocurrencies
Commodities
Stocks

Strategies

VWAP mean reversion
Trend following
Breakout trading
Volume-weighted support/resistance
Institutional order flow analysis

🔧 Recommended Settings
For Day Trading (M5-M15)

Standard VWAP: Anchor = Session
Band #1: Multiplier 1.0, Fill ON
Band #2: Multiplier 2.0, Fill OFF
Weekly VWAP: Enabled for major levels

For Swing Trading (H1-H4)

Standard VWAP: Anchor = Week
Band #1: Multiplier 1.5, Fill ON
Band #2: Multiplier 2.5, Fill ON
Weekly VWAP: Primary level for trend confirmation

For Scalping (M1-M5)

Standard VWAP: Anchor = Session
Band #1: Multiplier 0.5, Fill ON
Band #2: Multiplier 1.0, Fill OFF
Weekly VWAP: Disabled for cleaner chart

📊 Understanding the Bands
Band Multiplier = 1.0

Contains ~68% of price action (1 standard deviation)
Primary mean reversion zone

Band Multiplier = 2.0

Contains ~95% of price action (2 standard deviations)
Strong overbought/oversold signal

Band Multiplier = 3.0

Contains ~99.7% of price action (3 standard deviations)
Extreme reversal zones

🎯 Trading Tips

Confluence Trading: Enter when price touches a deviation band AND Weekly VWAP
Trend Confirmation: Only take long trades above both VWAPs, shorts below both
Band Rejection: Watch for candle rejections at outer bands for reversal signals
Volume Confirmation: Strong moves should break bands with high volume
Time of Day: VWAP is most reliable during high-volume sessions

📌 Important Notes

VWAP resets based on anchor period selection
Weekly VWAP uses Sunday as the start of the week
Deviation bands require sufficient volume data
Best used in combination with other technical analysis tools
Not a standalone trading system - use proper risk management

🚀 Why Choose MRG VWAP Complete?
✅ Professional Grade: Used by institutional traders
✅ Maximum Flexibility: Adapt to any trading style
✅ Visual Clarity: Customizable colors and fills
✅ Dual Perspective: Intraday + weekly analysis combined
✅ Easy to Use: Intuitive parameter organization
✅ Performance Optimized: Efficient code for smooth charting

Master volume-weighted price analysis with the most complete VWAP indicator available! 📊🚀
💼 Perfect For Professional Traders
Whether you're a retail trader or institutional analyst, MRG VWAP Complete provides the tools you need to:

Identify fair value zones
Spot institutional order flow
Time entries with precision
Manage risk effectively
Trade with the smart money

Elevate your VWAP trading to the next level! 💎