VWAP Bands with Volume Pressure

This indicator plots a session-based VWAP (Volume Weighted Average Price) with dynamic standard deviation bands. The VWAP line is color-coded based on volume pressure — green when volume increases, red when it decreases — providing an instant view of market momentum.

💡 How to use it:

VWAP Line: Used as a dynamic fair value. Price above VWAP may suggest bullish pressure, below VWAP bearish.

Upper/Lower Bands: Represent overbought and oversold zones based on real-time volatility (standard deviation). When price touches or exceeds a band, it may signal:

A potential reversal zone (mean reversion)

Or a breakout continuation if supported by volume

Color of VWAP:

🔹 Green VWAP: increasing volume — confirms price move

🔻 Red VWAP: decreasing volume — caution, move may lack strength

📈 Useful for intraday traders, scalpers, and swing traders wanting to combine price and volume dynamics in a clean visual way.