VWAP Buy/Sell Trade Channel Indicator For MT4
The VWAP buy/sell trade channel Forex Metatrader 4 indicator represents a dynamic trade channel that’s somewhat wrapped around the price.
The VWAP indicator is composed of a mid line, upper channel line and lower channel line.
It creates a tradable channel that’s fairly easy to trade.
Interpret the VWAP Forex trade channel as follows:
- Price is going up when the trade channel’s slope is going up.
- Price is going down when the trade channel’s slope is going down.
- Price is range-bound when the trade channel’s slope is positioned horizontally.
Discover below how to trade with the VWAP buy/sell trade channel indicator for good profit.
Feel free to explore the VWAP indicator’s different parameters and settings to create your personalized indicator setup.
Download This MT4 Forex Indicator Free
VWAP Buy/Sell Trade Channel Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
This indicator works for any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The VWAP Buy/Sell Trade Channel Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when price touches the lower VWAP channel line.
Place a protective stop loss below the most recent low price, or use your own stop loss placement strategy.
Close the buy trade at the upper VWAP channel line.
Sell Trigger: Open a sell trade when price touches the upper VWAP channel line.
Place a protective stop loss above the most recent high price, or use your own stop loss placement strategy.
Close the sell trade at the lower VWAP channel line.
Download This Forex Indicator Now
Price calculation method, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: channel
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.