VWAP Alert indicator

This is the new VWAP alert indicator.

VWAP is the volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts.

VWAP is not as common among retail traders as regular moving averages. But it is used by stock traders, institutions, clearing companies and their algorithms to execute orders at a weighted price.

The standard method of using VWAP is to determine a weighted price, and if the current price is above the VWAP line, the trading pair will be in a bullish trend, if lower, in a bearish one.

We have added a signal line that helps to smooth out the signals, with its help you can adjust the sensitivity to a specific trading instrument or timeframe.

This particular VWAP indicator colors candlesticks depending on the trend direction for a more visual interpretation and orientation of the trader.

Despite the fact that this indicator is mainly used by scalpers, we have added the ability to trade on daily, weekly and monthly VWAPs.

The VWAP indicator can display three different timeframes (daily, weekly, monthly)

VWAP Daily

VWAP Weekly

VWAP Monthly

Premium Features

Pro Edition ⤢ Expand All

💡 All filters and features can be mixed and enabled freely to create your unique signal validation strategy. Combine trend, oscillator, and level filters for precision entries.

🔗 Projectreaper Connect ▼

Projectreaper alert indicators have the ability to share their signals with each other to create more accurate trading alerts.

In the settings of our alert indicators, there is a parameter called Indicator_Mode, which switches the indicator modes:

StandAlone – default mode for receiving alerts about this particular indicator.

MasterFilter – saves the last signal in the terminal; alert arrows change to hollow body. No warnings sent – only stores signals.

SlaveSignal – reads signals from all MasterFilter indicators on the chart and alerts when all signals coincide. Places vertical line to separate old/new valid signals.

📚 Learn how to use: Combine Multiple Signal Indicators Guide

📊 Trend & Oscillator Filters ▼

All filters can be used in various combinations to refine indicator signals. Mix and match freely for your unique strategy.

Trend Filters Parameters

tf_MovingAverage_TrendFilter – filter by MA + price position

tf_MA_TimeFrame, tf_MA_Period, tf_MA_Method, tf_MA_Price, tf_MA_Shift

tf_MA_SignalReverse – reverse signal direction

tf_MovingAverageCrossOver_TrendFilter – filter by crossover of two MAs

tf_First_MA_*, tf_Second_MA_* – full MA pair configuration

tf_MA_CrossOver_SignalReverse – reverse crossover signals

Oscillator Filters Parameters

tf_MACD_TrendFilter, tf_MACD_* – MACD histogram filter

tf_OSMA_TrendFilter, tf_OSMA_* – OsMA histogram filter

tf_RSI_TrendFilter, tf_RSI_* – RSI overbought/oversold filter

tf_Stochastic_TrendFilter, tf_Stochastic_* – Stochastic levels filter

*_SignalReverse – available for all oscillators to invert logic

📚 Full guide: Trend & OS Filters Update

🎯 Parabolic SAR Filter ▼

Filter signals by Parabolic SAR cross with timeframe flexibility.

Filters connect in parallel to the main signal for custom strategy building based on price vs. PSAR position.

tf_ParabolicSar_TrendFilter – activate filter

tf_PSAR_TimeFrame – filter timeframe

tf_PSAR_Step, tf_PSAR_Maximum – PSAR calculation params

tf_PSAR_Shift – bar offset (0=current)

tf_PSAR_SignalReverse – invert signal logic

📚 Tutorial: Parabolic SAR Filter Guide

📅 Daily Levels Filter ▼

Filter signals using current & previous day price levels (Open, High, Low, Close, Median).

tf_CurrentDayOpenLevel + *_SignalReverse

tf_CurrentDayMedianLevel + reverse option

tf_PreviousDay[Open|Close|High|Low|Median]Level + individual reverse toggles

📚 Guide: Day Levels Filter Update

🗓️ Weekly Levels Filter ▼

Filter signals using current & previous week price levels.

tf_CurrentWeek[Open|Median]Level + reverse

tf_PreviousWeek[Open|Close|High|Low|Median]Level + reverse

📚 Guide: Week Levels Filter Update

🌙 Monthly Levels Filter ▼

Filter signals using current & previous month price levels.

tf_CurrentMonth[Open|Median]Level + reverse

tf_PreviousMonth[Open|Close|High|Low|Median]Level + reverse

📚 Guide: Month Levels Filter Update

📏 Pips Tags ▼

Display potential price movement in pips from the last signal – shift focus from candle patterns to actual price action.

ShowPipTags – toggle tags visibility on chart

📚 Setup: Pips Tags Guide

🛡️ Stop Loss & Take Profit Levels ▼

Auto-display SL levels + 3 TP levels calculated from risk ratio.

ShowTPSL – enable display

SLBars, SignalBarRangeSL – calculation params

MaxSLPips, MinSLPips – SL boundaries (0=off)

MaxTPPips, MinTPPips – TP boundaries

TP1_Ratio, TP2_Ratio, TP3_Ratio – risk-reward multipliers

💡 Tip: Set Min=Max for fixed SL/TP values.

📚 Guide: SL/TP Indicators Update

📲 MetaTrader 4 → Telegram Alerts ▼

Receive indicator signals directly in Telegram – no extra software needed.

✅ Simple setup: Just paste your alert code into TelegramCode and enable TelegramAlerts.

TelegramCode – your unique bot token

TelegramAlerts – set to true to activate

📚 Full tutorial: MT4 to Telegram Setup Guide

Settings :

MaPeriod – period of the signal line
MaMethod – method of the signal line
MaPrice – price type of the signal line
MaShift – offset from current 0 bar of the signal line

VWAP_Signal_Type – vwap type {Daily, Weekly, Monthly, UserDefined}
Daily_VWAP_Signal – enable daily vwap in the user defined mode
Weekly_VWAP_Signal – enable weekly vwap in the user defined mode
Monthly_VWAP_Signal – enable monthly vwap in the user defined mode

DrawBars – amount of bars to draw indicator data

ShowPipTags – display the potential price movement in pips from the last signal

ShowTPSL – enable/disable the display of SL and TP levels.
SLBars – the number of bars to calculate the levels
SignalBarRangeSL – additional check of the size of signal candlesticks
MaxSLPips – limit the maximum stop loss value (0 – off)
MinSLPips – minimum stop loss value (0 – off)
MaxTPPips – limit of the maximum take profit value (0 – off)
MinTPPips – minimum take profit value (0 – off)
TP1_Ratio – ratio of take profit to stop loss of the first TP level
TP2_Ratio – ratio of take profit to stop loss of the second TP level
TP3_Ratio – ratio of take profit to stop loss of the third TP level

Alerts
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
SignalName – title of the signal
Buy_Text_Alert – buy signal text
Sell_Text_Alert – sell signal text

Style
Draw_VWAPDaily_Line – display daily vwap
Draw_VWAPWeekly_Line – display weekly vwap
Draw_VWAPMonthly_Line – display dmonthly vwap
Draw_Candles – color candles
Draw_Signal_Line – display signal line
Buy_ArrowColor – color of buy arrows
Sell_ArrowColor – color of sell arrows
Arrows_Width – width of signal arrows
VWAPDaily_Line – color of the daily vwap
VWAPWeekly_Line – color of the weekly vwap
VWAPMonthly_Line – color of the monthly vwap
Signal_Line – color of the signal line
VWAP_Bullish_Candle – color of the uptrend candle
VWAP_Bearish_Candle – color of the downtrend candle

How to install :

1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address

How to find Data folder :

in the terminal click File menu – Open Data Folder

Good trading!