OPEN-SOURCE SCRIPT

MJBFX VWAP WITH SIGNALS

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The MJBFX VWAP Channel is a custom-built volume-weighted average price indicator designed around the MJBFX trading methodology.

This tool tracks multiple rolling VWAPs anchored to a user-defined timeframe (default: 1H), then calculates percentile levels (Max, Upper, Median, Lower, Min) to create a dynamic channel. These levels act as key support and resistance zones that adapt to market conditions.

🔶 Features:

Adjustable anchor period and VWAP count (up to 500 VWAPs)

Percentile-based VWAP levels (Max, Upper, Median, Lower, Min)

Customisable colours, widths, and line styles

Optional gradient channel fills

Anchor period highlights for session awareness

MJBFX Branded Signals:

🟠 Buy – Triggered when price crosses above the lower VWAP (MJBFX Orange)

⚪ Sell – Triggered when price crosses below the upper VWAP (MJBFX Grey)

Built-in alert conditions for automated trade notifications

🔶 How to Use:

  • The VWAP channel provides a dynamic structure for intraday trading.
  • Buy opportunities often occur when price sweeps below the lower band and reclaims it.
  • Sell opportunities often occur when price sweeps above the upper band and rejects.
  • Use in confluence with market structure, session timing, and your trading plan (e.g., MJB-FX Asian Sweep strategy).




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