McRoulio (Monthly Anchored VWAPs)The McRoulio indicator is designed to provide a clear view of market value relative to the current and previous month's starting points. It must be used on intraday timeframes (like 1H, 4H, 15m) to function correctly.
All VWAP calculations use (O+H+L+C)/4 as the price source.
Here is what the indicator does:
⚪ Current Month VWAP (Thick White Line)
Anchored to the 1st (00:00) of the current month.
Includes 1.0 Standard Deviation bands.
Displays a "Mcwrap" label. 🔴 Last Month VWAP (Orange Line)
Anchored to the 1st (00:00) of the previous month.
This line is only visible for the duration of that previous month, allowing for historical reference. ⏳ Previous VWAP Level (Horizontal Orange Line)
This line shows the final, settled price of the previous month's VWAP.
It is only visible between the 27th of the month and the 3rd of the next month, highlighting a potential support/resistance zone during the "turn of the month."
Displays a "Mcwrap Mois dernier" label. Trolled par le gap & le mcwrap 😘
