What it shows
The study includes VWAP and deviation bands with daily, weekly, monthly, and prior-period references. These describe location relative to volume-weighted price calculations.
How to read it
- Identify each line's timeframe before interpreting a touch.
- Compare price with VWAP and its bands to describe location and extension.
- Separate current-period calculations from prior-period references.
Settings that matter
Use the named subgraphs to identify each horizon and band. Keep history and session configuration consistent when comparing examples.
Example sequence
Price reaches an outer daily band near a weekly reference. The overlap provides context; it does not establish whether price will rotate or keep extending.
What to keep in mind
VWAP and bands are reference calculations, not guaranteed support or resistance. History and session boundaries affect the displayed context.