VOLX+ VWAP Range Bands

2025年12月9日

VOLX+ plots multiple VWAP-weighted high/low channels across different lookback periods to show how price behaves relative to short-term and long-term value zones.

Instead of using a single VWAP line, this tool creates four rolling VWAP envelopes:

• Short-term range (fast reaction)
  
• Mid-term range
  
• Mid-mid range (transitional layer)
  
• Long-term range (macro context)
  

Each band is computed as:

• VWAP-High = SMA(high × volume, length) ÷ SMA(volume, length)
  
• VWAP-Low = SMA(low × volume, length) ÷ SMA(volume, length)
  

This produces dynamic price channels that account for both price and traded volume, offering a clearer sense of where the market is accepting or rejecting value.

What It Shows

• Four VWAP-weighted high/low bands
  
• A short-term VWAP midline
  
• Price line
  
• Three SMAs for trend context
  
• Optional visibility switches for each VWAP band
  

The filled regions between VWAP highs and lows create a layered “value map,” helping you interpret:

• Trend continuation (price hugging outer VWAP bands)
  
• Mean reversion (price returning toward inner bands)
  
• Volatility contraction/expansion
  
• Shifts in short-term vs long-term balance
  

🧠 How to Use

• Use the short-term band for day-trading context or detecting short-term excess.
  
• Use mid-term and mid-mid bands to confirm developing structure.
  
• Use the long-term VWAP band to understand broader value zones.
  
• Combine VWAP bands with SMAs and structure analysis for confluence.
  

This indicator is intended for price interpretation and analytical support.

✔ Does Not Repaint
The script uses rolling VWAP formulas and standard MAs; everything is stable and non-repainting.

2025年12月9日

リリースノート

Minor change to update chart