🏁Getting Started

Adding the Indicator

1. Open TradingView and navigate to your chart.

2. Click the Indicators button (or press /).

3. Search for "EZ Algo Vwaps - Premium" under your Invite-Only scripts.

4. Click to add it to your chart.

The indicator loads with sensible defaults: a Weekly VWAP with three standard deviation bands, plus Monthly and Yearly VWAP lines enabled.

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Main VWAP & Bands

Time-Segmented VWAP Period

The Time segmented VWAP Period is the foundation of the indicator. It determines when the main VWAP resets and recalculates.

Setting	Reset Frequency	Best For
60	Every 1 hour	Scalping, high-frequency intraday
240	Every 4 hours	Intraday swing trading
720	Every 12 hours	Session-based trading
1D	Daily	Day trading
3D	Every 3 days	Short-term swing trading
1W	Weekly (default)	Swing trading
1M	Monthly	Position trading
3M	Quarterly	Macro analysis
12M	Yearly	Long-term investing

Tip: Match your VWAP period to your trading timeframe. If you trade on the 15-minute chart, a Daily or Weekly VWAP gives you the institutional price context you need. If you're analyzing macro trends on the daily chart, try Monthly or Quarterly.

Standard Deviation Bands

The main VWAP is surrounded by three pairs of standard deviation bands that act as dynamic support and resistance levels.

Band	Default Multiplier	Typical Use
Band 1	2.0x	First level of support/resistance — common reversal zone
Band 2	3.0x	Extended move — potential overextension
Band 3	4.0x	Extreme deviation — high-probability mean reversion zone

You can adjust each multiplier in the settings under Main Band 1/2/3 Multiplier. Lower multipliers create tighter bands; higher multipliers create wider bands.

How to use the bands:

• Price at Band 1: Watch for a bounce or continuation. This is a decision zone.

• Price at Band 2: The move is getting extended. Look for signs of exhaustion.

• Price at Band 3: Extreme territory. Mean reversion trades become attractive.

• Price between VWAP and Band 1: Normal trading range; trend continuation is likely.

Toggling Visibility

Each element can be turned on or off independently:

• Show Main VWAP — Toggles the central VWAP line

• Show Band 1 / Band 2 / Band 3 — Toggles each standard deviation pair

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Additional VWAP Timeframes

One of the most powerful features of EZ Algo VWAPs Premium is the ability to overlay multiple VWAP timeframes simultaneously, giving you a layered view of price relative to institutional levels.

Available Timeframes

VWAP	Toggle	Default Color
Daily VWAP	Show Daily VWAP	Blue
Weekly VWAP	Show Weekly VWAP	Orange
Monthly VWAP	Show Monthly VWAP (on by default)	Purple
3-Month VWAP	Show 3M VWAP	Orange
Yearly VWAP	Show Yearly VWAP (on by default)	Red

What Each Timeframe Tells You

• Daily VWAP — Where intraday institutional volume is concentrated today. Essential for day traders.

• Weekly VWAP — The average price for the current week, weighted by volume. Great for swing trade entries.

• Monthly VWAP — The monthly institutional level. A key level for position traders.

• 3-Month VWAP — Quarterly institutional price. Useful for identifying macro trend direction.

• Yearly VWAP — The most significant VWAP level. Price above the Yearly VWAP is broadly bullish; below is broadly bearish.

Band 1 for Each Timeframe

Each additional VWAP comes with its own Band 1 (upper and lower), giving you support/resistance levels at every timeframe. The band multiplier is independently adjustable for each timeframe (default: 2.0x).

Previous Period VWAPs

For each timeframe, you can enable the Previous Period VWAP — the VWAP value from the prior period. This gives you a key reference level:

• Prev Daily VWAP — Yesterday's VWAP

• Prev Weekly VWAP — Last week's VWAP

• Prev Monthly VWAP — Last month's VWAP

• Prev 3M VWAP — Last quarter's VWAP

• Prev Yearly VWAP — Last year's VWAP

Previous VWAPs often act as magnets for price and serve as strong support/resistance levels.

Label-Only Mode

Each additional VWAP has a Label Only option. When enabled, the VWAP line is hidden from the chart but the price label still appears on the last bar. This is useful when you want to know the level without cluttering your chart.

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Premium: Custom Anchor Date

The Custom Anchor Date feature lets you set a specific start date for all VWAP calculations, overriding the normal time-based reset.

How to Use It

1. Enable "Use Custom Anchor Date" in the Premium: VWAP Anchoring settings group.

2. Set your desired Anchor Start Date.

3. All VWAPs will now calculate from that date forward.

When to Use Anchored VWAPs

• Earnings dates — Anchor to the last earnings release to see volume-weighted price since the event.

• Major news events — Anchor to a Fed announcement, product launch, or regulatory decision.

• Trend starts — Anchor to a significant swing low or high to track the VWAP of the entire move.

• IPO/listing dates — Anchor to the first trading day of a new asset.

Tip: Anchored VWAPs are incredibly powerful for understanding whether buyers or sellers are in control since a key event. If price is above the anchored VWAP, buyers from that event are in profit on average.

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Multiple VWAPs View

Enable "Show Multiple VWAPs" to overlay 4-Hour and 12-Hour VWAPs on your chart in addition to the main VWAP and additional timeframes. This gives you a complete multi-timeframe VWAP structure for intraday analysis.

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Show Previous Period VWAP

Enable "Show Previous Period VWAP" to display the prior period's value of the main VWAP (based on your selected time-segmented period). This is separate from the individual previous VWAPs for Daily, Weekly, Monthly, etc.