VWAP Master: A Free VWAP Indicator With Bands and Bounce Signals
VWAP Master is our newest free indicator on TradingView. It's open source, so anyone can add it, read the code and use it on any chart.
Add VWAP Master on TradingView
What VWAP tells you
VWAP is the volume weighted average price. Think of it as the market's "fair value" for the period. When price drifts far above or below it, it's stretched. VWAP Master is built to show you exactly how stretched, and when price starts heading back.
What you see on the chart
VWAP line. It changes color when price clears VWAP and holds there for a few bars, so it doesn't flicker on every touch.
Deviation bands. Layered bands start 1.5 standard deviations from VWAP and are 1.75 deviations thick. They widen and narrow with volatility.
Stretched tags. A small tag once price is deep enough into a band for a bounce to count. It's the heads-up that a signal may follow.
Bounce arrows. An arrow prints when price pushes at least 2 deviations from VWAP, then closes back toward it. You get one per visit to the band, however many times price dips in and out. A + means price reached the outer edge of the band first.
Colored candles. Up color above VWAP, down color below. The further from VWAP, the brighter the candle.
Panel. How many deviations price is from VWAP, its status (for example "Stretched above value"), whether VWAP is rising or falling, and the last event.Pick your anchor
Rolling (default): a VWAP over the last 100 bars that never resets, so it stays smooth.
Session, Week, Month or Year: restarts at the start of each period, the way a classic VWAP does.Symbols with no volume data fall back to a time weighted average, so it still works on them.
Settings worth knowing
Skip bounces against the trend. When VWAP is rising, only bounces up from the lower band print. When it's falling, only bounces down from the upper band.
Band starts at. Move the inner edge of the band closer or further from VWAP.
Band smoothing. Makes the bands breathe instead of stepping (Rolling only).
Themes. Neon, Classic, Aurora, Ice or your own colors.How to use it
VWAP Master is a context tool. A bounce arrow tells you price was stretched and has started to turn back toward value. It doesn't tell you the trade will work. Pair it with your own levels, the trend, and a clear stop. It also sits nicely alongside Pro Signals V5 if you're a member.
See every free and premium tool in the indicator library.
SimpleAlgo provides educational tools and chart analysis. Nothing here is financial advice. Trading involves substantial risk of loss, and past performance does not guarantee future results.
