stelaraX - VWAP

stelaraX – VWAP

stelaraX – VWAP is a volume-weighted price indicator designed to show the average traded price of an asset throughout the trading session. By incorporating volume into the calculation, it provides a more realistic view of fair value compared to simple price averages.

This indicator is part of the stelaraX ecosystem for clean technical analysis and AI-supported chart evaluation.
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Core logic

The indicator calculates the Volume Weighted Average Price using the typical price (HLC3) and traded volume.

VWAP represents the average price at which the market has traded, weighted by volume, and is commonly used to assess whether price is trading at a premium or discount relative to fair value.

Optional deviation bands are calculated using the volume-weighted standard deviation around the VWAP. Two configurable band levels allow traders to measure statistical price extremes.


Visualization

The script plots:

* the VWAP line directly on the price chart
* optional upper and lower deviation bands
* two configurable deviation multipliers

The VWAP line serves as the central reference, while the bands highlight potential overextension zones above and below the average traded price.


Use case

This indicator is intended for:

* identifying fair value and premium or discount pricing
* intraday trend bias and mean reversion analysis
* dynamic support and resistance assessment
* trade filtering and execution alignment
* combining volume context with price structure

For traders who want to integrate volume-based analysis with modern AI-driven chart evaluation, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.