Edo VWAP Core

Edo VWAP Core projects the volume-weighted average price anchored to two higher horizons — the current week and the current month — and turns it into a complete value scale. Around each VWAP it draws ±1σ and ±2σ deviation bands, shades the premium and discount zones, colors the area between price and its reference VWAP by state, and grades every bar on a five-level premium / discount scale. A summary panel reports the active state, the σ distance from fair value and the exact level of each VWAP and band. Anchored to the week and the month rather than the session, it is built for swing reading on daily and 4-hour charts.

Configuration

The two anchored VWAPs use the standard hlc3 source with a line width of 2 and are both shown by default. The deviation bands default to 1.0σ for the inner pair and 2.0σ for the outer pair, and the state is classified on the weekly VWAP — turn off "Use Weekly VWAP for State Classification" to anchor the state to the monthly VWAP instead. The price-to-VWAP fill is on by default, while the state-colored background and the Paint Candles by State mode are optional. The five state colors, both VWAP colors and a Dark / Light theme are all customizable, and the summary panel can be shown or hidden, repositioned to any of the four corners and sized Small or Medium. Full configuration details are available in the official manual.