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Session VWAP with Measured Band Reach

VWAP with Measured Bands: a free TradingView indicator

How often did price reach each VWAP band, against the same distance from the open?

  • Free
  • Open source
  • Every percentage with its n
  • No signals
Add on TradingView →
ES chart on TradingView with VWAP and measured bands: the VWAP line, 1, 2 and 3 deviation bands and a table with how often each band was reached against the same distance from the open.
ES, 5-minute bars, regular session of 16 Oct 2026. TradingView capture.
  • Regular-session VWAP with 1, 2 and 3 standard-deviation bands, computed from the chart's bars.
  • How often each band was reached by 10:30, 12:00, 14:00 and the close since 2022, against the same distance from the open, with its n and verdict.
  • Distance and frequency only: it does not say price returns to the VWAP or stops at a band.

How it is computed

Each bar adds its typical price weighted by volume from the regular-session open, and the bands are weighted deviations around the VWAP. Touches count from 10:00, against the band known at the previous bar. Statistics for 8 markets; elsewhere it draws the line without the table.

How to add it

  1. Open it on TradingView and press "Use on chart" or "Add to favorites".
  2. Or copy the code, open TradingView's Pine editor, paste it and press "Add to chart".

The measurement behind it

One of our guides' tables on the same thing the indicator measures, with its sample and its date range.

VWAP bands in ES: how often they are reached before the close

ES

Swipe to see the sample →

BandReached before the closeSame distance from the openSessions
±1 standard deviation100.0%100.0%1,193
±2 standard deviations99.6%100.0%1,193
±3 standard deviations64.7%92.5%1,193

n = 1,193 · 2022-01-03 to 2026-10-16 · historical futures data

ES, regular session (9:30-16:00 ET), 3-Jan-2022 to 16-Oct-2026: 1,193 sessions. VWAP = sum of typical price times volume divided by volume, from the first minute of the session; bands = VWAP plus and minus 1, 2 and 3 standard deviations of those prices, weighted by volume. Computed from 1-minute bars (an approximation of the trade-by-trade VWAP). A touch counts from 10:00 ET, against the band known at the close of the previous minute, on either side. Control: the same distance measured from the open, in the same session. ±1: 100.0% [99.7–100.0], same as chance; ±2: 99.6% [99.0–99.8], difference −0.4 pp [−0.8 to −0.1]; ±3: 64.7% [61.8–67.5], difference −27.7 pp [−30.6 to −24.9]. The outer bands are reached less often than the same distance from the open because the VWAP moves with price. Distance and frequency only: it does not say that price returns to the VWAP or stops at a band; it is what happened, not a signal.

Download the table (CSV) ↓

Frequently asked questions

Are they free?

Yes. All of them are public and open source on TradingView, and you add them with a free account. TradingView's free plan limits how many indicators you can have on a chart at once.

Do they repaint?

Key Levels and Setup State fix each level when its period or window ends; only the table updates inside the bar. The Session Profile of the session in progress changes until the close, and a finished session's profile no longer changes.

What data do they use?

The data of the chart you open them on. The historical frequencies are embedded in the indicator and say up to which date they were measured and over how many sessions.

Why do they give no signals?

Because a historical percentage describes how much and how often the market moved in the past, not where it will go today. That is why every figure comes with its sample and none of them suggests trades.

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