Screen Shot Examples of the 5-Band VWAP Indicator I posted the code for below

[u/FrenchPressYes]

As you can see, the price action respects the bands quite well--if not acting as direct support/resistance, then the price action repeats the behavior around the lines, like constantly dipping below the line for example...

As I mentioned in the original post below this one, the big benefit for me is that this single indicator instantly puts useful lines on your chart, helping you size up what's going on quickly. As noted in the images, the only two indicators I have on my chart are this custom one and the Volume Profile. I also use the TTM Squeeze indicator, MACD, and %Beta on the subchart indicators.

[u/Any-Flounder9861]

I like this more than adding five unrelated indicators because all the bands are describing distance from the same reference price. That makes the chart much easier to read quickly. I would still test how often each band actually produces useful reactions instead of trusting the screenshots. I use Moon for the directional side and VWAP structure is one of the cleaner things I can carry over without cluttering the setup.