KS VWAP and Pivot Pro

Product description

KS VWAP and Pivot Pro indicator — Traditional + Pivot Modes
Overview

This is a dual-mode Volume Weighted Average Price (VWAP) indicator for MetaTrader 5. It combines two popular ways of using VWAP:

Traditional VWAP — Classic curved VWAP that updates bar-by-bar
Pivot VWAP — Horizontal (flat) VWAP lines calculated from the start of the current day

Both modes can be enabled/disabled independently.
Key Features
1. Dual Calculation Modes
Mode Style Use Case
Traditional Curved line (bar-by-bar) Intraday momentum, mean reversion
Pivot Flat horizontal lines Day trading, support/resistance
2. Standard Deviation Bands

3 pairs of bands (Upper & Lower) around VWAP
Adjustable multipliers: 1.0x, 2.0x, 3.0x (default)
Two calculation modes:
Standard Deviation (statistical)
Percentage of VWAP

3. Traditional Mode (Curved VWAP)

Plots classic VWAP that develops throughout the session
Resets automatically at the start of each new day
Includes up to 6 bands (3 upper + 3 lower)
Fully customizable colors, width, and style

4. Pivot Mode (Horizontal VWAP)

Draws flat horizontal lines from the day start to current time
Very clean for identifying daily value areas
Includes price labels on the right side (customizable)
Great for day traders as reference levels

5. Customization Options

Independent enabling of Traditional vs Pivot modes
Separate color, width, and style settings for each mode
Show/hide individual bands
Hide on Daily/Weekly/Monthly timeframes
Bar offset
Label font size and shift

Practical Uses

Day Traders: Use Pivot mode for clean daily VWAP levels + bands as support/resistance
Scalpers: Use Traditional mode to see how price reacts to the developing VWAP
Mean Reversion: Bands act as dynamic overbought/oversold levels
Institutional Reference: VWAP is widely used by institutions — this gives you both real-time and session-based views