VWAP Standard Deviation Multi-Time Frame indicator shows VWAP , 1 standard deviation price from the VWAP, 2 standard deviation price from the VWAP and 3 standard deviation price from the VWAP
These lines are value regions and usually act as great support and resistance .
For best results allow the VWAP to develop in the beginning of the time frame, for almost...
The indicator aims to give a clearer view of linear support resistance zones, unlike the volatility bands. The support resistance zones aims to find these levels on lower timeframes and avoid printing them on wicks which are rarely the real zone. This gives us a clearer indication of clean breaks through S/R zones.
If you'd like to learn more about the indicators...
With this support and resistance indicator, if you want more levels just change the timeframe it looks at in the settings. It will pull the SR levels off the timeframe specified in the settings. Note: SR1 and SR2 timeframe should match.
