VWAP Weekly and Monthly Bands: Automated MT5 indicator for clearer VWAP support and resistance

The VWAP Weekly and Monthly Bands review for 2026 presents a detailed performance analysis of an MT5 indicator designed to visualize volume-weighted average price with volatility bands. In this review and analysis we compare live account results and backtest statistics to quantify edge, including average win rate, drawdown, and expectancy. VWAP Weekly and Monthly Bands stands out by combining two higher-timeframe VWAP anchors, giving traders both weekly reaction levels and monthly structural context on a single chart. What makes VWAP Weekly and Monthly Bands unique is the dual timeframe anchoring: the weekly VWAP provides near-term fair value while the monthly VWAP shows longer-term institutional interest. The algorithm calculates VWAP as volume-weighted average price for the period and then adds and subtracts configurable multiples of historical standard deviation to build the bands. Signals are generated when price approaches or breaches these bands in confluence with volume spikes or trend filters, allowing mean reversion entries near the lower band and breakout entries when price closes beyond the upper band. The indicator handles trending and range-bound conditions differently by letting traders adjust deviation and confirmation parameters. Risk management is explicit: recommended fixed stop loss levels, band-based invalidation rules, and suggested position sizing based on percentage risk are provided with the indicator. Expected performance characteristics include moderate trade frequency, higher win rates on mean reversion setups, and improved risk-adjusted returns when combined with disciplined money management. The developer, Andre Gonzalez Falci, documents parameter logic and typical results to assist traders on MT5.