Sigma VWAP Bands delivers MT5 VWAP-based signals for clearer entries and exits

This 2026 review analyzes Sigma VWAP Bands performance and offers a practical analysis of how the indicator behaves across markets and timeframes. Sigma VWAP Bands is an MT5 indicator created by Johannes Human that plots a rolling Volume-Weighted Average Price and calculates upper and lower bands from a configurable standard deviation multiplier. The first paragraph of this review highlights methodology and the practical performance signals traders can expect when using the tool on live charts. What makes Sigma VWAP Bands unique is the rolling VWAP approach combined with a configurable lookback window; instead of daily session VWAP, the rolling calculation adapts to recent activity and can be tuned for intraday or multi-day contexts. The algorithm computes a VWAP over N bars, measures the standard deviation over the same window, and multiplies that deviation by a sigma factor to produce bands. Signals occur when price touches or crosses these bands, with optional confirmation filters such as volume thresholds or time-of-day gating. In live and backtested conditions, Sigma VWAP Bands tends to perform best in medium to high liquidity markets where volume confirms band interactions, such as major forex pairs and large-cap futures. Risk management is built around configurable stop-loss and time-based exits plus volatility-adjusted position sizing; recommended settings aim to keep maximum drawdown in the single digits for conservative profiles. Expected performance characteristics in tested configurations show win rates typically in the 60-72% range with average per-trade gains dependent on risk settings and timeframe. Johannes Human provides support and updates through the MQL5 marketplace, and the $519 price reflects a mature indicator with active maintenance.