VWAP Bands Indicator
VWAP Bands Indicator uses the Volume Weighted Average Price as a central measure, with upper and lower bands typically set at standard deviations away from the VWAP. Entry levels for trades occur when the price touches or crosses these bands. For long positions, traders might consider entering when the price touches the lower VWAP band, while for short positions, an entry might be considered when the price reaches the upper VWAP band. It’s important to confirm these entries with other technical indicators or patterns for better risk management and validation of the trade signal.