| The line | Standard VWAP | ProVWAP |
|---|---|---|
| Session VWAP, no repaint final on bar close | ✓ | ✓ |
| Anchor to any date and time a news bar, a swing low, your own moment | ✓ | |
| Weekly and monthly resets 3 reset modes | ✓ | |
| Previous session on today’s chart session, week or month | ✓ | |
| Bands | ||
| Deviation bands up to 3 either side | ✓ | ✓ |
| Percent bands as well as standard deviation | ✓ | |
| Shaded fills between bands color and opacity per band | ✓ | |
| Light on your chart weeks of 1-minute bars load without a delay | ✓ | |
| Alerts and session | ||
| Built-in cross and band alerts 5 types, cooldown in seconds | ✓ | |
| Your own RTH window without editing a session template | ✓ | |
| Tell it your chart’s time zone 9 options, so resets and the RTH window land on the right bar | ✓ | |
| Yours to set | ||
| Color by side the line follows price above or below | ✓ | |
| Several on one chart session, weekly and anchored side by side | ✓ | ✓ |
| Everything adjustable 67 settings across 10 groups | ✓ | |
In short: NinjaTrader 8 and an instrument with real traded volume. That is all ProVWAP needs.
Intraday charts only in this version — not daily or higher bars. Not Renko or Heikin-Ashi either (constructed prices): it warns instead of drawing a false average.
Up to three bands either side, standard deviation or percent, every fill and label your color.
The line colors itself by the side price is on, and yesterday’s VWAP stays labeled on today’s chart.
A news bar, a swing low or the cash open: the average price of everyone in that move.
Session, weekly or monthly, with yesterday’s line carried onto today’s chart.
You might ask: why is this free, what is the catch? There is none. We want to change the market for third-party NinjaTrader tools, and giving our work away is part of how we do it.
To say it plainly: this market is overpriced and full of low-quality tools with missing features and bugs. Vendors charge hundreds of dollars for simple indicators. No indicator, add-on or tool will make you profitable. A good one makes your trading environment better, and you know that already, or you would not be here looking.
Our goal is the highest-quality products we can build, tools that make a real difference on the chart. We get there by testing hard: weeks on live charts before release, feedback from the traders who use them, and a close read of what the forums complain about. We offer a full refund within 14 days, we adapt tools for customers who ask, and we give most of our work away.
Most of our tools are free for a reason. We want you to try them, see the quality and the features for yourself, and not spend a dollar with us until you think a tool deserves it. We are a business and we intend to make money, by solving real problems for traders.
So yes, ProVWAP is completely free, no strings attached. If you like it, there are more free tools and paid ones priced well under what is usual in this market. If you have any questions, please email us at support@usefulindicators.com.
No card, no license key, no expiry. Nothing to cancel because nothing was started.
Download freeDelivered by Creem. The download link lands on the next page and in your email.
Four ways to trade one honest reference point. None of them is a signal; the entries, the stops and the discipline are still yours.
Price stretches too far from VWAP, momentum fades, and you trade the snap back to the line. The bands tell you when the stretch is unusual.
Price breaks through VWAP and comes back to test it from the other side. The old ceiling is now the floor, and your stop is obvious.
Above VWAP, favor longs. Below it, favor shorts. Not a signal, a filter that keeps you from fighting the whole session’s average price.
Anchor on a news bar, a swing low or a breakout and hold while price keeps your side of that average. When it is lost, you know early.
New to VWAP? Read the full guide →
Can’t find the answer to your question? Email us, we answer fast.
Download the zip, then in NinjaTrader 8 go to Tools → Import → NinjaScript Add-On and pick the file. Add ProVWAP to any chart from the Indicators list and you are running — most traders are done in under a minute. The step-by-step guide covers every message NinjaTrader can show and the update rule.
No. The VWAP, its bands and the previous-session line are drawn from the volume and price actually traded at the time — history never redraws. The live bar updates as price changes, but once a bar closes, what it drew is what stays.
One deliberate exception, so it never surprises you: in anchored mode, moving the anchor restarts the calculation from the new point, so the line redraws from there. That is the anchor doing its job — not the indicator rewriting history behind you.
On any intraday chart with real traded volume — tick, minute, volume and range, on any instrument with real traded volume, from any data provider. This version is intraday only, so it will not plot on daily or higher bars. It also refuses synthetic bar types such as Heikin-Ashi and Renko, where the prices are constructed rather than traded: VWAP needs real volume at real prices, so it tells you why instead of drawing a misleading average.
No, and we won't pretend it is. It's a reference tool: it shows you where price sits relative to the average price everyone actually paid. You can set alerts on the VWAP and band crosses, but the trade decisions stay yours.
No. ProVWAP never touches your orders, positions or account. It draws on the chart and can raise alerts — every order is yours to place, in your own order-entry window, exactly as before.
No. Every band pair toggles on its own, with its own multiplier, colors and optional fill — run just the first deviation band, or all three. The third ships switched off by default.
It's built lean — the heavy drawing work is skipped on historical bars, so charts load without a noticeable delay even with weeks of 1-minute data. If your chart ever lags with it on, email us: that's a bug, not normal.
Email support, answered by the traders who built it. Bugs get fixed, and updates are free.
Ten groups of settings in the panel, and the six things they add up to. The names in bold are the names in the indicator.
Use anchored mode runs the average from a fixed bar instead of the session open: set Anchor date and Anchor time (HH:MM:SS) to a point in the past — a news print, a swing low, the open of a move — and the VWAP accumulates from there, with the bands and price labels following the anchored line. Bars before the anchor carry no line, on purpose, so the chart shows where the average actually started.
Reset mode restarts the line at every session open (Session), every week (Weekly, from the Sunday 18:00 ET futures reopen) or the first of each month (Monthly); Chart timezone, Auto by default, is what detects that Sunday reopen for the weekly and monthly resets. Show prev session VWAP draws a horizontal line at the prior period’s final VWAP on today’s chart, with its own Color, Line style, Thickness and Opacity (%).
Band mode sets how Show Band 1, Show Band 2 and Show Band 3 are measured: Standard Deviation, with each band’s SD multiplier (σ) (1, 2 and 3 by default), or Percentage, with a Percent offset (%) from the VWAP (0.25, 0.5 and 1.0). Each band has its own upper and lower line colors, line style, thickness and opacity, and Fill between bands shades it at a Fill opacity (%) of your choice.
Five audio alerts, each on its own switch: VWAP cross alert when price crosses above or below the line, Band 1 break alert, Band 2 break alert and Band 3 break alert the first time the live price trades beyond a band, and Prev VWAP cross alert. One Alert cooldown (seconds), 30 by default, is the minimum gap between repeats of the same event, so a chopping market cannot fire twenty alerts in a minute.
NinjaTrader’s own chart VWAP sits in the Order Flow+ suite, which not every license includes. ProVWAP needs only NinjaTrader 8, Level 1 data and an instrument with real traded volume, and a Visual preset (Normal, Simple, Advanced or Custom) to start from. No machine ID, no license server.
Calculate mode updates the line on every price change (the default), when a bar completes (the lowest CPU), or on every tick; the live bar is counted once however often it changes, so the line does not drift. RTH filter with RTH start time (HH:MM:SS) and RTH end time (HH:MM:SS), 09:30 to 16:00 US Eastern by default, keeps overnight volume out of the day’s average. Dynamic color paints the line by whether price is above or below it.
Not in the standard indicator list. NinjaTrader’s own chart VWAP belongs to the Order Flow+ suite, which not every license includes. ProVWAP is a free VWAP indicator that puts one on any NinjaTrader 8 chart, with or without Order Flow+. Does NinjaTrader 8 have a built-in VWAP? shows where to look on your own installation.
Three steps. Download ProVWAP and import the zip in NinjaTrader 8 (Tools → Import → NinjaScript Add-On). Right-click your chart, open Indicators and add ProVWAP. Then pick the Reset mode (Session, Weekly or Monthly) or turn on Use anchored mode, and switch on the bands you want. How to add a VWAP to your chart covers each step.
NinjaTrader’s own chart VWAP is part of the paid Order Flow+ suite, which not every license includes. ProVWAP adds an anchored VWAP to any NinjaTrader 8 chart: turn on Use anchored mode, set an anchor date and time, and the average accumulates from that bar forward. Session VWAP vs anchored VWAP explains when to use which.
Yes, this one. ProVWAP is free, with everything included: anchored mode, weekly and monthly resets, a previous-session line, percent bands and alerts. No trial period, no locked settings and no license key. The download button opens a $0 checkout that asks for a name and an email, no card.
Yes. It is a standard NinjaScript indicator: NinjaTrader 8, Level 1 data and an instrument with real traded volume are all it needs. No Order Flow+, no machine ID, no license server.
Yes. It runs on any recent NinjaTrader 8, the free version included, with Level 1 data. It needs no Order Flow+, no license key and no machine ID.
Yes. Anchored mode takes a date and a time (HH:MM:SS) and the average starts there — a news bar, a swing low, the open of a move. Bars before the anchor carry no line, and the bands are measured from the anchored average.
Yes. Reset mode has three settings — Session, Weekly and Monthly — and Show prev session VWAP carries the previous period’s final line onto today’s chart, whether that period is a session, a week or a month.
ProVWAP adds up the bars on your chart: each bar’s typical price (high, low and close averaged) times its volume, from the reset point on. So a 1-minute chart and a 2000-tick chart can read slightly differently, and a platform that sums every single trade, or starts its session at another time, will differ a little too. Smaller bars bring it closer to a trade-by-trade VWAP. Check the session start first: it moves the line far more than the bar size does. Why two VWAPs show different numbers goes through the causes.
Every bar's price is weighted by the volume that traded in it, from the reset point to now. Pi is the bar's typical price, (high + low + close) ÷ 3, so a bar that traded high but closed low is counted where it actually traded.
The bands are a volume-weighted standard deviation of price around the average. A bar with ten times the volume pulls the deviation ten times harder, which is why the bands widen on real moves and not on thin ones.
Or, in percent mode, VWAP ± p%. Defaults are 1σ, 2σ, 3σ and 0.25%, 0.5%, 1%. Every multiplier is yours to change, per band.
| Bar | High | Low | Close | Typical P | Volume | P × V | Σ P×V | Σ V | VWAP | σ |
|---|
On tick and price-change charts the live bar's contribution is subtracted and re-added on every update, so a bar is counted exactly once no matter how many times it changes. That is the mechanical reason the line does not repaint.
Session resets on the session template's first bar. Weekly on the ISO week and monthly on the calendar month, both judged on the US Eastern trading day. Set Chart timezone to the zone your chart displays (Auto = your PC’s zone) and the reset lands on the right bar.
Accumulation starts at the anchor you set, date and time. Bars before it carry no visible line. Move the anchor and the calculation restarts from the new point — the one deliberate redraw, and it is you doing it.
The window is entered in US Eastern (09:30 to 16:00 by default) and applied through the Chart timezone setting, so it lands on the right bars once that setting matches your chart. Overnight bars are left out of the sums and the line is carried flat through them, instead of being drawn from data you did not want in it.
VWAP needs volume that was actually traded. After 100 consecutive zero-volume bars it warns you in the output window instead of drawing a false average. Futures, stocks, options and crypto with volume pass; spot FX and most CFD feeds do not.
This is the actual settings panel in NinjaTrader — numbered groups, plain-English names, no cryptic abbreviations. Every row in the table below is one of these.
| Setting | Default | Range |
|---|---|---|
| General | ||
| Visual preset | Normal | Normal · Simple · Advanced · Custom |
| Band mode | Standard deviation | Standard Deviation · Percentage |
| Reset mode | Session | Session · Weekly · Monthly |
| Calculate mode | On Price Change | On Bar Close · On Price Change · On Each Tick |
| Chart timezone | Auto | Auto · Eastern · Central · Mountain · Pacific · London · Central Europe · UTC · Exchange |
| Session Filter | ||
| RTH filter | Off | On · Off |
| RTH start time (HH:MM:SS) | 09:30:00 | HH:MM:SS |
| RTH end time (HH:MM:SS) | 16:00:00 | HH:MM:SS |
| Labels | ||
| Show price labels | Off | On · Off |
| VWAP label info | Price And deviation | Price And Deviation · Price · Deviation · Nothing |
| Font size | 10 | 7 – 20 |
| Font type | Courier New | Arial · Consolas · Courier New · Tahoma · Verdana · Segoe UI |
| Price precision | Auto | Auto · Zero · One · Two · Three · Four |
| VWAP Line | ||
| Color | Dodger Blue | Any color |
| Thickness | 2 | 1 – 5 |
| Opacity (%) | 100 | 1 – 100 |
| Line style | Solid | Solid · Dash · Dot · Dash Dot |
| Dynamic color | On | On · Off |
| Color when above | Lime Green | Any color |
| Color when below | Orange Red | Any color |
| Band 1 (1st SD / level) | ||
| Show Band 1 | On | On · Off |
| SD multiplier (σ) | 1.0 | 0.01 – 10.0 |
| Percent offset (%) | 0.25 | 0.01 – 10.0 |
| Upper line color | Light Sea Green | Any color |
| Lower line color | Light Sea Green | Any color |
| Line thickness | 1 | 1 – 5 |
| Line opacity (%) | 80 | 1 – 100 |
| Line style | Dash | Solid · Dash · Dot · Dash Dot |
| Fill between bands | Off | On · Off |
| Fill color | Light Sea Green | Any color |
| Fill opacity (%) | 10 | 1 – 100 |
| Band 2 (2nd SD / level) | ||
| Show Band 2 | On | On · Off |
| SD multiplier (σ) | 2.0 | 0.01 – 10.0 |
| Percent offset (%) | 0.5 | 0.01 – 10.0 |
| Upper line color | Cornflower Blue | Any color |
| Lower line color | Cornflower Blue | Any color |
| Line thickness | 1 | 1 – 5 |
| Line opacity (%) | 70 | 1 – 100 |
| Line style | Dash | Solid · Dash · Dot · Dash Dot |
| Fill between bands | Off | On · Off |
| Fill color | Cornflower Blue | Any color |
| Fill opacity (%) | 8 | 1 – 100 |
| Band 3 (3rd SD / level) | ||
| Show Band 3 | Off | On · Off |
| SD multiplier (σ) | 3.0 | 0.01 – 10.0 |
| Percent offset (%) | 1.0 | 0.01 – 10.0 |
| Upper line color | Medium Orchid | Any color |
| Lower line color | Medium Orchid | Any color |
| Line thickness | 1 | 1 – 5 |
| Line opacity (%) | 60 | 1 – 100 |
| Line style | Dot | Solid · Dash · Dot · Dash Dot |
| Fill between bands | Off | On · Off |
| Fill color | Medium Orchid | Any color |
| Fill opacity (%) | 5 | 1 – 100 |
| Previous Session VWAP | ||
| Show prev session VWAP | Off | On · Off |
| Color | Gold | Any color |
| Thickness | 1 | 1 – 5 |
| Opacity (%) | 80 | 1 – 100 |
| Line style | Dash | Solid · Dash · Dot · Dash Dot |
| Alerts | ||
| VWAP cross alert | Off | On · Off |
| Band 1 break alert | Off | On · Off |
| Band 2 break alert | Off | On · Off |
| Band 3 break alert | Off | On · Off |
| Prev VWAP cross alert | Off | On · Off |
| Alert cooldown (seconds) | 30 | 5 – 3600 |
| Anchored Mode | ||
| Use anchored mode | Off | On · Off |
| Anchor date | Yesterday | Any date |
| Anchor time (HH:MM:SS) | 09:30:00 | HH:MM:SS |
Ranges are printed only where the indicator enforces one. Colors accept any color; times are HH:MM:SS.
Fills and price labels are drawn on the live bar only, never once per historical bar — a 30-day 1-minute chart loads without a noticeable delay. The shaded fill is capped at the last 1,500 bars, which covers a full 1-minute session including the overnight, because a semi-transparent region is re-rasterized on every paint and an unbounded one freezes the chart when you zoom out. Prices are carried through empty stretches so the renderer never meets a long gap. If your chart ever lags with ProVWAP on, that is a bug and we want to hear about it.
VWAP cross, each of the three band breaks, and the previous-period line. One cooldown in seconds (default 30, 5 to 3,600) so a chopping market cannot fire twenty alerts in a minute. Alerts arm only once a real average exists on the chart, and they fire with the chart tab in the background.
Every line is a plot, so a NinjaScript strategy can read it directly by name. Hidden bands are NaN. Wherever no average exists yet — before the anchor, on filtered overnight bars, on zero-volume bars, and on the previous-period plot before a period has closed — the visible plots carry the bar’s close price, drawn transparent, so a value alone does not prove an average is there: check that the line is visible on that bar, or that the period has started.
Free, no card, no license key. Download it, import it, and the VWAP draws itself on your chart in under a minute.
Not for you if you trade only daily or higher bars (this version is intraday only), Renko or Heikin-Ashi, or an instrument without real traded volume. ProVWAP needs traded volume to exist, and it will tell you so rather than draw a false average.
Pairs well with Key levels indicator (Intraday Reference Levels) · Free EMA cloud indicator (EMA Color Zones) · Free weekly high and low indicator (Weekly H/L Lines) · Free SuperTrend indicator (ATR trailing stop line) · Risk reward tool for Chart Trader (ATM Risk Reward)
Tell us what you want to see on the chart. You get a fixed price and a written plan before any work starts.
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