Sigma VWAP Bands

Sigma VWAP Bands

Sigma VWAP Bands

Sigma VWAP Bands (Rolling) is a technical analysis indicator that plots upper and lower bands based on the statistical deviation of price from a rolling Volume-Weighted Average Price (VWAP).

The indicator is designed to visualize price dispersion around VWAP using a user-defined lookback window and a configurable standard deviation multiplier.

Parameters

• Lookback Period
  Number of bars used for VWAP and standard deviation calculations.

• Sigma Factor
  Multiplier applied to the calculated standard deviation.

• Volume Type
  Select between tick volume and real volume.

Display

• Indicator is drawn directly on the price chart

• Upper and lower bands update dynamically with market data

Usage

This indicator is intended for analytical purposes, such as:

• Observing price deviation relative to VWAP

• Assessing volatility conditions

• Supporting discretionary or systematic trading analysis

The indicator does not generate trading signals and does not provide trade recommendations.

Additional Information

• Suitable for all symbols and timeframes

• Does not repaint historical values

• Optimized for real-time use and historical testing