VWAP Fibonacci S&R with Bell Curve

This indicator is a sophisticated trading tool that combines three powerful technical analysis concepts to identify high-probability trading opportunities. Let me break down how it works:

Core Components:

1. VWAP (Volume Weighted Average Price)

Calculates the average price weighted by volume over a specified period
Acts as a dynamic support/resistance level that institutions often use
Can reset daily, weekly, or monthly depending on your trading timeframe
The yellow line on your chart represents the current VWAP

2. Bell Curve Probability Analysis

Measures how far the current price deviates from the VWAP in statistical terms
Calculates a Z-score (standard deviations away from the mean)
Creates probability bands around the VWAP based on price volatility
The theory: extreme deviations from VWAP tend to revert back to the mean

3. Fibonacci Retracement Levels

Uses recent highs and lows to calculate key Fibonacci levels (38.2%, 50%, 61.8%)
These levels often act as support and resistance zones
Combined with VWAP analysis for confluence trading

How the Signals Work:

BUY Signals (Green arrows below candles)
Generated when either condition is met:

Mean Reversion Buy: Price is below VWAP + high probability of reversion + extreme statistical deviation
Fibonacci Support Buy: Price is above VWAP + near key Fibonacci support levels (38.2% or 50%)

SELL Signals (Red arrows above candles)
Generated when either condition is met:

Mean Reversion Sell: Price is above VWAP + high probability of reversion + extreme statistical deviation
Fibonacci Resistance Sell: Price is below VWAP + near key Fibonacci resistance levels (61.8% or 50%)

Visual Elements

Yellow Line: Main VWAP
Blue Bands: Probability zones based on standard deviation
Orange/White/Purple Lines: Key Fibonacci levels (38.2%, 50%, 61.8%)
Yellow Background: High probability mean reversion zones
⚠ Symbol: Extreme deviation warning (Z-score > 2.5)

The Information Table
Shows real-time statistics:

VWAP: Current VWAP value
Distance: How far price is from VWAP (percentage)
Z-Score: Statistical measure of deviation (>2 is significant)
Reversion %: Probability of mean reversion
Fib 50%: Key Fibonacci midpoint level
Status: Current signal state

Trading Logic
The indicator works on the principle that:

Extreme deviations from VWAP are unsustainable and tend to revert
Fibonacci levels provide natural support/resistance zones
Volume confirmation ensures the move has institutional backing
Statistical probability helps time entries when odds are favorable

Best Use Cases

Scalping: Quick mean reversion trades when price gets too far from VWAP
Swing Trading: Using Fibonacci levels with VWAP for longer-term positions
Risk Management: Avoiding trades when probability is low
Confluence Trading: Waiting for multiple signals to align