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ZenAlgo - Multiverse

The ZenAlgo - Multiverse indicator provides a comprehensive, multi-timeframe map of Volume-Weighted Average Price (VWAP) levels, giving traders a detailed context of value across different market horizons.

Overview​

What does this indicator do?
It tracks VWAP (Volume Weighted Average Price) and its bands across six key timeframes:

  • D - Daily
  • W - Weekly
  • M - Monthly
  • Q - Quarterly
  • S - Semi-Annual
  • Y - Yearly

Each VWAP is displayed as a horizontal dotted line, labeled with its value and period for clear reference. Colored bands around VWAPs show value areas and help you spot when price is “stretched” or in consensus with value.

Tip

Multi-timeframe VWAP confluence can highlight major support/resistance and trend shifts.

Chart Elements: How to Read Every Visual​

1. VWAP Lines and Bands​

Each VWAP period has a unique color for both its main line and label, matching the legend:

PeriodLabelColorTypical Use Case
DailyDPinkIntraday context
WeeklyWCyanShort-term swing
MonthlyMPurpleMid-term structure
QuarterlyQOrangeInstitutional value
Semi-AnnualSVioletMajor pivots
YearlyYGreenMacro context

Dotted lines = the current level for that VWAP period.
Colored bands = areas around VWAP showing “value zones”:

  • Lighter fill = 1st band (e.g., ±1 std/percent, “normal value area”)
  • Slightly darker fill = 2nd band (e.g., ±2 std/percent, “stretched area”)

Label Styling​

  • Labels are offset to the right of price and show the VWAP value + period (e.g., 1.34 D).
  • Once price touches/crosses a VWAP, the line/label fades in color and shrinks in size — marking it as “tested”.
  • Only a limited number of these “tested” levels are retained (see settings), to avoid clutter.

🟣 Example:

  • 1.22 M (purple) = last month's VWAP
  • 0.81 Q (orange) = recent quarterly VWAP

2. VWAP Summary Table (Top Right by default)​

This table gives you an at-a-glance dashboard of all VWAPs:

VWAPValueTrendOrder
D1.45Rising1
W1.36Rising2
............
  • VWAP: Period label (D/W/M/Q/S/Y)
  • Value: Current VWAP value (auto-formatted for clarity)
  • Trend: Rising / Falling / Stable (relative to price)
  • Order: Vertical ranking (highest to lowest VWAP on chart)
Pro tip

When several VWAPs align in value/order, it often marks key inflection points!

3. VWAP Relationship Grid​

Found near the table, this matrix uses colored squares to show where price and VWAPs are relative to each other:

  • Green = Above
  • Red = Below
  • Gray = Within a small “neutral” threshold
  • Black diagonal = Self-comparison (unused)
  • Each cell quickly tells you which timeframes agree or conflict in value perception.
Tip

All-green or all-red grid? That's powerful multi-timeframe alignment — trend traders rejoice!

4. Price Band Classification (Daily VWAP)​

Just below the price axis, the Daily VWAP labels show where price sits relative to its bands:

  • At VWAP: Price is close to daily value đź‘€
  • Bull Band: Between VWAP and upper band (mildly bullish)
  • Bull Band 2: Between upper 1st and 2nd band (overextended) 🚨
  • Above Bull Band 2: Far above VWAP (“overheated”) đźš©
  • Bear Band: Between VWAP and lower band (mildly bearish)
  • Bear Band 2: Between lower 1st and 2nd band (oversold)
  • Below Bear Band 2: Far below VWAP (“capitulation?”) ⚠️

Color of the band label matches the fill of the zone.

5. Bullish/Bearish Meter​

Bottom right, you'll find a quick bullish/bearish summary and a numeric VWAP “score”:

  • Bullish (%): All VWAPs below price
  • Bearish (%): All VWAPs above price
  • VWAP ≥2: If price is above the 2nd daily band, a strong warning (can be overheated!)

6. Historical VWAP Levels​

Older VWAP levels from previous periods are shown as faded lines/labels.

  • “Tested” levels (price has crossed them) get a special color and label change.
  • Only the most relevant (by count or recency) are displayed, keeping the chart readable.
Trick

Check how price “respects” these historical VWAPs for reliable support/resistance clues.

How to Use the ZenAlgo Multiverse​

  1. Identify Value Consensus:

    • When price clusters near multiple VWAPs, market consensus is strong.
    • Wide separation signals trending or extreme conditions.

  2. Watch for VWAP Crosses and Retests:

    • Especially on higher timeframes, these can signal major pivots.

  3. Use Band Classifications:

    • When price enters extreme bands (far from VWAP), watch for mean reversion or trend acceleration.

  4. Leverage the Grid and Table:

    • For quick, multi-timeframe context and to filter for confluence setups.

Customization Options​

  • Toggle any VWAP/band/label/group (declutter as needed)
  • Adjust band math (standard deviation vs. percent-based, per user)
  • Control label offsets, transparency, and color
  • Limit number of old labels (“red labels”) for clarity
  • Table and grid position on chart

Limitations & Warnings​

danger

  • Requires volume data!
    Works best on markets with real, non-simulated volume. Avoid using on spot forex/CFDs with synthetic volume.

  • Bands = context, not signals:
    Don't use VWAP bands alone for trade entries/exits.

caution
  • On very low timeframes, yearly or semi-annual VWAPs may appear nearly flat (due to the averaging window).
  • Always combine with other tools and market context.

FAQ​

What makes ZenAlgo Multiverse better than free VWAP scripts?
  • Covers 6 periods at once (most cover only 1)
  • Tracks and displays historical “tested” levels
  • Grid/table overlays give a high-level, actionable dashboard
  • Bands and color coding for easy zone spotting
  • Highly configurable for your workflow

Final Notes​

This tool is designed to bring the clarity of institutional VWAP logic to all timeframes, in a single, easy-to-read overlay.
Use it as a map of value — not a crystal ball — and you'll unlock powerful market insights. 🚀