Anchored VWAP Simple (MT5) — review, price and free alternatives

Anchored VWAP Simple is intentionally minimal: add it to an MT5 chart, place the vertical start anchor where you want the period to begin, and the indicator calculates a running VWAP from that point.

What makes Anchored VWAP Simple unique is the manual anchor combined with a true volume-weighted calculation on MT5. Instead of relying on session defaults, the tool computes cumulative price times volume divided by total volume from the chosen anchor, giving traders a precise reference that reflects where large volumes have concentrated since that point. The algorithm reads tick volume available in MT5 and applies a straightforward cumulative sum to produce the anchored VWAP line.

Anchored VWAP Simple handles trending markets and range-bound conditions differently; it excels as a confirmation in trends and highlights value mismatches in ranges. Risk management within common workflows is user-directed: traders set stops and sizes around the anchored level and use the indicator to scale entries. Renan Souza Da Motta provides a focused MT5 indicator aimed at transparency and ease of use rather than complex automation.

Anchored VWAP Simple carries a moderate risk profile that depends on user-defined stops and position sizing. The indicator itself does not place stops, so traders should implement a stop loss strategy based on ATR, percentage of account, or distance from the anchored VWAP level. A recommended position sizing approach is risking 0.5 to 2 percent of account equity per trade and scaling into positions as the price re-tests the anchored level. Vulnerabilities include low-volume sessions, news events that create transient price spikes, and markets with poor tick data where VWAP calculation may be distorted.

Install Anchored VWAP Simple by copying the indicator file into the MT5 Indicators folder, then restart MT5 and attach the indicator to a chart. Use the vertical start anchor to set the initial bar from which VWAP is calculated; enable or disable visual options to fit your chart. Key parameters to configure include anchor placement, display color, and whether to use tick or trade volume if available from your broker. Recommended brokers are those providing reliable tick volume and fast execution, typically ECN or STP accounts. Optimal chart timeframes include 5-minute to daily depending on strategy. Backtest using strategy tester and forward-test on a demo account for at least 100 trades before going live.