VWAP + Bollinger Bands

VWAP + Bollinger Bands (TanTechTrades™)

This indicator combines VWAP (Volume Weighted Average Price) with Bollinger Bands to provide a hybrid view of price action, volume, and volatility.

🔹 VWAP Features

Customizable anchor period (Session, Week, Month, Quarter, Year, etc.)

Option to hide VWAP automatically on daily or higher timeframes

Up to 3 configurable VWAP bands with multipliers

Bands can be calculated using Standard Deviation or Percentage

🔹 Bollinger Bands Features

Adjustable period length and source

Multiple moving average types (SMA, EMA, RMA, WMA, VWMA)

Customizable standard deviation multiplier

Configurable offset for advanced alignment

🔹 Visuals

Central VWAP line with optional surrounding bands

Bollinger Bands with customizable fills

Color-coded regions to highlight volatility expansions and contractions

This tool is designed for traders who want to see how VWAP reacts alongside volatility envelopes, making it easier to identify areas of liquidity, support/resistance, and potential breakouts or reversals.

⚠️ Disclaimer: This script is for educational purposes only. It is not financial advice.