VWAP Plus Indicator

The VWAP Plus Indicator is just another variation of the Volume Weighted Average Price indicator. The Plus, in this case, means additional lines that act as dynamic Support Resistance levels. They can also work as Take Profit targets. Nonetheless, the basic principle stays the same. Long trades above the main VWAP line and short trades below the main VWAP line.

Buy Signal
Price is located above the main VWAP Plus line (aqua color)
Price touches it and then rejects it
Price swings higher from recent low swing
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit at touch of the second or last extension (yellow color), use your own method of trade exit

Sell Signal
Price is located below the main VWAP Plus line (aqua color)
Price touches it and then rejects it
Price swings lower from recent high swing
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last swing high of the market
Take profit or exit at touch of the second or last extension (yellow color), use your own method of trade exit

The VWAP Plus Indicator is suitable for small timeframes (like M5, M15, or M30) but fits all kinds of and currency pairs.