Multi OHLC4 VWAPsVWAP Indicators, which are often restricted to a single timeframe, this script incorporates a multi-timeframe analysis tool that includes Intraday, Weekly, Monthly, Quarterly, and Yearly VWAPs.
Key Features:
Multi-Timeframe Support: Choose from Intraday, Weekly, Monthly, Quarterly, or Yearly VWAP calculations, each tailored to professional trading strategies. The ability to switch between different timeframes enables comprehensive market analysis, catering to both short-term traders and long-term investors.
Advanced Rolling VWAP Options: The script supports both standard VWAP and Rolling VWAP modes, allowing users to reset VWAP calculations based on specific conditions (daily, weekly, monthly, etc.). This functionality enhances dynamic trend recognition.
Customizable Color Schemes: The slope direction of each VWAP line is visually represented with unique color schemes for each timeframe, enabling quick interpretation of price movement. Users can fully customize these colors to suit their trading preferences.
Enhanced Plotting Style: Uses a "line with breaks" style to emphasize trend changes, with line thickness increasing for longer timeframes. This visual hierarchy makes it easy to distinguish between short-term and long-term trends.
How It Helps Traders:
This script combines multiple VWAP calculations into a single overlay, enabling traders to identify support and resistance zones, detect trend shifts, and perform in-depth market analysis effortlessly. By using the OHLC/4 average price instead of the traditional close-only approach, the script offers a balanced perspective, reflecting both intraday volatility and long-term price trends.
Why Choose OHLC/4 VWAP Pro Multi? Many standard VWAP scripts focus only on aesthetics or a single timeframe analysis. This script brings a more comprehensive view to VWAP calculations by implementing a multi-timeframe strategy with customizable rolling features. It aims to fill a gap for traders looking for a more nuanced and professional tool, with the flexibility to adapt to diverse trading strategies.
Anchoredvwap
Financial Frontline:Integrated Market Analysis Toolkit[drshah93]Title: Financial Frontline: Bollinger BandWidth with Moving Average + Fractal & Alligator + Ichimoku Cloud + Anchored VWAP
This script is developed to integrate multiple robust technical analysis tools into a single, comprehensive indicator. Designed for traders seeking an all-in-one solution, this script combines Fractal and Alligator, Ichimoku Cloud, Anchored VWAP, and Bollinger BandWidth with Moving Average, providing a holistic view of the market.
Unlocking Market Dynamics: How It Works Together
This multi-tool indicator is more than just a mashup; it is a strategically crafted integration that maximizes the strengths of each component to deliver a versatile and insightful trading tool.
1. Fractal and Alligator:
o Concept:
The Fractal & Alligator combination serves as a powerful mechanism for identifying trend reversals and continuations.
Fractals pinpoint potential turning points in the market, while the Alligator lines, consisting of smoothed moving averages, provide a clear indication of trend direction and strength.
By plotting visual markers for completed top and bottom fractals, this component helps traders to easily identify critical potential turning points of market reversal.
The Bill Williams' Alligator’s three moving averages (jaw, teeth, and lips) further enhance this analysis by indicating the prevailing trend and its momentum, making it easier to discern when to enter or exit trades.
o Details: Customizable jaw, teeth, and lips represent the market's direction. Top and bottom fractals help identify potential support and resistance levels.
o Usage: Enable the Alligator to visualize the market's trend direction and use fractals to spot potential entry and exit points.
2. Ichimoku Cloud:
o Concept:
The Ichimoku Cloud component adds another layer of market insight by providing a comprehensive view of support and resistance levels, trend direction, and momentum.
The cloud (Kumo) itself indicates key support and resistance zones, while the Tenkan-sen and Kijun-sen lines offer shorter-term trend and momentum insights.
The Chikou Span, or lagging line, provides a perspective on current price action relative to past prices.
This multi-faceted approach helps traders to identify high-probability trading opportunities and to understand the broader market context, allowing for more informed trading decisions.
o Details: Includes conversion line (Tenkan-sen), base line (Kijun-sen), leading spans (Senkou Span A & B), and lagging span (Chikou Span). Customizable lengths and colors for each element.
o Usage: Use the cloud's color and position relative to price to determine bullish or bearish trends and identify potential trading signals.
3. Anchored VWAP:
o Concept:
Anchored VWAPs (Volume Weighted Average Price) are dynamically anchored to significant price points such as swing highs and lows.
This component helps traders to understand the average price paid over a specific period and to identify critical price levels that may act as support or resistance.
By anchoring the VWAP to significant points, this indicator provides a more precise view of where key market participants are positioned, aiding in the identification of potential reversal points and confirming trend direction.
Anchored VWAP (Volume Weighted Average Price) provides the average price of an asset, weighted by volume, from a specific anchor point.
o Details: Multiple Anchored VWAP lines from significant highs and lows. Customizable lengths and colors for each VWAP.
o Usage: Analyze the price's relationship to VWAP lines to assess market strength and potential reversal points.
4. Bollinger BandWidth with Moving Average:
o Concept:
This component combines the volatility insights of Bollinger BandWidth with the trend-following properties of moving averages.
The Bollinger BandWidth measures the distance between the upper and lower Bollinger Bands, offering a visual representation of market volatility.
Bollinger Bands measure market volatility, while BandWidth indicates the degree of volatility.
When combined with a moving average, it helps to identify periods of market contraction and expansion.
Crossovers between the Bollinger BandWidth and the moving average provide timely alerts for potential entry and exit points, enabling traders to react quickly to changing market conditions.
o Details: Bollinger Bands with customizable lengths, source, and standard deviation. BandWidth calculation and moving average with options for SMA, EMA, SMMA, WMA.
o Usage: Identify periods of high and low volatility using BandWidth and adjust trading strategies accordingly. Use the moving average to smooth out volatility signals.
Customization Options for Tailored Analysis
One of the standout features of this multi-tool indicator is its high level of customization. Traders can toggle each indicator on or off according to their preferences and adjust input parameters such as lengths, colors, and offsets. This flexibility allows traders to tailor the tool to their specific trading style and market conditions, ensuring that they can extract maximum value from the analysis provided.
The Synergy of Combined Indicators: Enhancing Technical Analysis
The real power of this script lies in how these four indicators work together to provide a comprehensive analysis of the market. When combined, they cover various aspects of technical analysis:
• Trend Detection: The Alligator and Ichimoku Cloud work together to confirm trend direction and strength, while the Anchored VWAP highlights critical price levels.
• Reversal Points: Fractals and Ichimoku's Tenkan-sen/Kijun-sen crossovers help identify potential market reversals.
• Volatility and Momentum: The Bollinger BandWidth with Moving Average provides insights into market volatility, which complements the momentum signals from the Ichimoku Cloud.
• Support and Resistance: Fractals and Anchored VWAP pinpoint key levels. They provide clear support and resistance levels, enhancing the trader's ability to make informed decisions.
Advantages to Technical Analysis
• Holistic View: Combines trend, momentum, volatility, and price levels into a single script.
• Enhanced Decision-Making: Multiple confirmation signals increase the reliability of trading signals.
• Flexibility: Customizable settings allow traders to tailor the indicator to their specific needs.
• Efficiency: Reduces the need to switch between multiple charts and indicators, streamlining the analysis process.
How to Use:
1. Access the indicator settings to customize each component according to your trading strategy.
2. Toggle visibility for Fractal and Alligator, Ichimoku Cloud, Anchored VWAP, and Bollinger BandWidth components.
3. Adjust lengths, colors, and calculation methods to match your charting style and preferences.
4. Combine insights from trend analysis, support/resistance levels, and volatility measures for informed trading decisions.
Elevate your trading analysis with this all-in-one tool, merging multiple indicators into a powerful script that offers a comprehensive view of the market.
In Conclusion: An Indispensable Tool for Traders
This multi-tool indicator is designed to cater to the needs of traders who seek a comprehensive and versatile analytical framework. By integrating Fractal & Alligator, Ichimoku Cloud, Anchored VWAP, and Bollinger BandWidth with Moving Average, it provides a holistic view of market conditions, enhancing the trader's ability to identify key trends, support/resistance levels, and potential trading signals. This script is not just a combination of indicators but a thoughtfully crafted tool that delivers actionable insights and helps traders to stay ahead in the financial markets.
Author: drshah93
LevelUp^ AlphaLevelUp Alpha is a collection of tools designed in collaboration with Brian Shannon, CMT, creator of the anchored VWAP (AVWAP) and the author of two best-selling books on technical analysis. This indicator is focused on tools and techniques that Brian uses in both his analysis and trading.
LevelUp Alpha Goals
One primary goal of LevelUp Alpha was to create an indicator with tools and visuals that mimic Brian's preferred chart layouts. For example, the default lengths/colors for AVWAP, 5-day moving average and vertical lines where moving averages begin, are all aligned with Brian's approach to technical analysis. Through this educational process, one can learn how to effectively use AVWAP and other intraday tools to properly manage trades and adhere to sound risk management principles. At any point, the indicator can be customized to match one's preferred layout, colors and trading style.
Trend Alignment - Multiple Timeframe Analysis
As trend followers, we look for stocks in an established uptrend. This starts with reviewing stocks on weekly and/or daily charts. From there, we focus on lower timeframes using intraday charts, with the objective to verify alignment between the timeframes.
Important Note: The majority of tools in LevelUp Alpha are for lower timeframes (intraday) analysis as this is where potential trade setups, entries and exits (stops) are often determined.
Key Features:
▪ AVWAP auto-anchored on 1-day, 2-day, week-to-date and month-to-date (for intraday charts).
▪ AVWAP works with any exchange around the globe, respecting trading days, hours and holidays.
▪ AVWAP works with the TradingView Replay feature, facilitating historical and post-mortem analysis.
▪ 5-day moving average auto-calculated based on the chart timeframe.
▪ 5-day moving average auto-adjusts the minutes in the trading day for crypto and futures.
▪ View up to three daily moving averages on intraday charts, including optional price data.
▪ Anticipate moving average direction based on vertical lines placed at the first bar for each moving average.
▪ Pivot points, aka floor trader pivots or support/resistance levels (R1/S1, R2/S2, etc).
▪ Highlight current and prior day highs/lows with line and price data as these are areas of potential support and resistance.
▪ Table of stats for AVWAP, current and prior day highs/lows, and pivot point price levels, helpful for entries, exits and stops.
▪ Custom alerts for all AVWAPs and pivot points.
AVWAP
The Volume Weighted Average Price (VWAP) is the cumulative average price a stock traded for one day. AVWAP is the same as the VWAP with the exception that the start point (the anchor) is configurable based on a trader's preference, not simply the start of the trading day. From the anchor point forward, on each bar, AVWAP is calculated based on the cumulative volume and average price.
The AVWAP shows the relationship between price and volume over any time period based on the anchor point. At a glance we can see who is in control, the buyers (bulls) or the sellers (bears).
AVWAP Concepts:
▪ When a stock is above an advancing AVWAP, buyers are in control for that timeframe, as the average price is increasing.
▪ When prices are below a declining AVWAP, sellers are in control for that timeframe, as the average price is declining.
▪ When prices oscillate above and below the AVWAP it indicates indecision for that timeframe.
What's unique about AVWAP in this indicator is that it is auto-anchored on 1-day, 2-day, week-to-date and month-to-date. In addition, LevelUp Alpha supports any exchange around the globe, respecting trading days, hours and holidays. You can also use the TradingView replay feature with this indicator, a powerful tool for historical and post-mortem analysis.
AVWAP Auto-Anchor: 1-day, 2-day, week-to-date and month-to-date
AVWAP and TradingView Replay: Review Historical Data and Past Trades
Saudi Exchange (Tadāwul): Trading Days, Sunday to Thursday, 10:00am to 3:00pm
Auto-Anchor: Detects Trading Days
London Stock Exchange (LSE): Trading Days, Monday to Friday, 8:00am to 4:30pm
Auto-Anchor: Detects U.K. Bank Holiday
5-Day Moving Average
When using AVWAP, we look for stocks where the trend of the 50-SMA is higher. We follow this by reviewing lower timeframes (intraday charts) to see if the price action is setting up for a low risk trade by verifying the shorter timeframes align with the longer. As we look at various timeframes, we need to make sure the moving average is consistent across the timeframes, which is done via the 5-day moving average as explained by Brian:
"If you want to see a five DAY moving average on a chart with 10 minute candles, you have to consider how many 10 minute periods of trading there are in the trading day. The US equities markets are open from 9:30- 4:00 each day, which is 6.5 hours per trading day. In each hour of trading, there are 6-10 minute periods, so during the regular session for equities, the market is open for 390 minutes or 39-10 minute periods per day. If we are to get a five day moving average, we would take the 39-10 minute periods the market is open each day and then multiply that by five days. 39 x 5 = 195. So a 5 DAY moving average is represented by a 195 PERIOD moving average when looking at a 10 minute timeframe."
In LevelUp Alpha, the default value for the minutes per day is 390, the number of minutes in one trading day in the U.S. This value can be changed to match any exchange. For example, if trading the India National Stock Exchange (NSE), which is open from 9:30am to 3:30pm, the minutes per day would be set to 375.
As trend followers, our goal is to find stocks where the 5-day moving average is trending up.
5-Day Moving Average Trending Up
When viewing charts of crypto or futures, the minutes per trading day will be auto-adjusted as follows:
• Crypto: 1440 minutes per day based on 24 hrs per day.
• Futures: 1380 minutes per day based on 23 hrs per day - S&P 500 E-mini Futures (ES1!) & NASDAQ 100 E-mini Futures (NS1!)
Important Note: Based on the math as described above using the minutes in the trading day, there will be chart timeframes where the 5-day moving average is not shown. If you have the 5-day moving average enabled from within the indicator Settings, yet the 5-day line is not visible, try changing to another timeframe.
Moving Averages
There are three configurable daily moving averages, including the option to use simple or exponential calculations. These daily moving averages can be viewed on intraday charts as they can often act as areas of support or resistance. There is also an option to smooth the daily moving average when they are shown on an intraday chart.
Daily 10-SMA on Intraday Chart - Acting as Support
Auto-smoothing feature is off.
Daily 20-SMA on Intraday Chart - Acting as Support
Auto-smoothing feature is on.
Vertical Lines - Anticipating Direction
By placing vertical lines at the starting bar where a moving average calculation begins, one can anticipate the direction of the moving average by viewing the trend of the bars that will fall off the moving average as new bars are added. This can be helpful to gauge if the trend will continue in its current trajectory or begin to move in a different direction.
Intraday Chart
Daily Chart
S&P 500 E-mini Futures (ES1!)
Crypto
Pivot Points
Pivot points are intraday price levels that may act as areas of support or resistance. These pivot points were initially created by floor traders operating within the trading pits of the equity futures exchange in Chicago.
The calculations for determining these pivots are based on the prior days high, low and close:
Pivot (P) = (prevHigh + prevLow + prevClose) / 3
Resistance R1 = (2 * P) - prevLow
Support S1 = (2 * P) - prevHigh
Resistance R2 = P + (prevHigh - prevLow)
Support S2 = P - (prevHigh - prevLow)
Resistance R3 = prevHigh + (2 * (pivot - prevLow))
Support S3 = prevLow - (2 * (prevHigh - pivot))
R1 Acting as Resistance
S2 Acting as Support
Prior Day High and Low
With LevelUp Alpha you can show horizontal lines at both the prior day high and low values. This makes it easy to visualize the prior day's trading range in anticipation of potential areas of support or resistance. These area can also be potential points for entering, exiting or profit taking.
Current Day High and Low
In a similar manner to prior day high and low values, you can also view the current day high and low. Notice in the chart below that you can easily see inside days and watch the price action in real-time.
Tables for AVWAP and Pivot Stats
To make it easy to quickly determine potential entries, exits and stops, as well as areas of support or resistance, key values can be shown in a table. The table contents are configurable, with options to include: AVWAP, current day and prior day highs/lows as well as pivot points.
AVWAP Color Coded & Pivot Points
Current Day High/Low and Prior Day High Low
Custom Alerts
There are alert options for all AVWAP values as well as resistance levels R1, R2 and support levels S1 and S2.
Acknowledgements
Many thanks to Brian Shannon for sharing his expertise on technical analysis and risk management, as well as providing feedback and suggestions on the indicator.
Multi-Day Rolling VWAP [Intraday]Ideas from Brian Shannon's book "Anchored VWAP"
The Multi-Day Rolling VWAP indicator for intraday timeframes allows you to track the Volume Weighted Average Price (VWAP) over multiple days, specifically for 1-day, 2-day, 3-day, 4-day, and 5-day periods. This indicator beyond the standard daily VWAP provides a broader perspective on price trends and market sentiment.
Features:
- Multi-day VWAPs: Analyze VWAP over several days to observe longer-term price movements.
- Customizable display: Choose which VWAP periods to display on the chart
- Colorize: Choose different colors for each VWAP to easily distinguish between periods.
- Adjustable settings: Change the line thickness and select the price source for VWAP calculations.
- Works with Replay Mode
- Works in any intraday timeframe on any asset with volume and price
Benefits:
- Trend identification: Compare current prices with multi-day rolling VWAPs to spot trends.
- Spot reversals: Look for potential price reversals or support when prices cross VWAP lines.
VWAP RangeThe VWAP Range indicator is a highly versatile and innovative tool designed with trading signals for trading the supply and demand within consolidation ranges.
What's a VWAP?
A VWAP (Volume Weighted Average Price) represents an equilibrium point in the market, balancing supply and demand over a specified period. Unlike simple moving averages, VWAP gives more weight to periods with higher volume. This is crucial because large volumes indicate significant trading activity, often by institutional traders, whose actions can reflect deeper market insights or create substantial market movements. The VWAP is also often used as a benchmark to evaluate the efficiency of executed trades. If a trader buys below the VWAP and sells above it, they are generally considered to have transacted favourably.
This is how it works:
Multiple VWAP Anchors:
This indicator uses multiple VWAPs anchored to different optional time periods, such as Daily, Weekly, Monthly, as well as to the highest high a lowest low within those periods. This multiplicity allows for a comprehensive view of the market’s average price based on volume and price, tailored to different trading styles and strategies.
Dynamic and Fixed Periods:
Traders can choose between using dynamic ranges, which reset at the start of each selected period, and specifying a date and time for a particular fixed range to trade. This flexibility is crucial for analyzing price movements within specific ranges or market phases.
Fixed ranges allow VWAPs to be calculated and anchored to a significant market event, the beginning of a consolidation phase or after a major news announcement.
Signal Generation:
The indicator generates buy and sell signals based on the relationship of the price to the VWAPs. It also allows for setting a maximum number of signals in one direction to avoid overtrading or pyramiding. Be sure to wait for the candle close before trading on the signals.
Average Buy/Sell Signal Lines:
Lines can be plotted to display the average buy and sell signal prices. The difference between the lines shows the average profit per trade when trading on the signals in that range. It's a good way to see how profitable a range is on average without backtesting the signals. The lines will also often turn into support and resistance areas, similar to value areas in a volume profile.
Customizable Settings:
Traders have control over various settings, such as the VWAP calculation method and bar color. There are also tooltips for every function.
Hidden Feature:
There's a subtle feature in this indicator: if you have 'Indicator values' turned on in TradingView, you'll see a Sell/Buy Ratio displayed only in the status line. This ratio indicates whether there are more sell signals than buy signals in a range, regardless of the Max Signals setting. A red value above 1 suggests that the market is trending upward, indicating you might want to hold your long positions a bit longer. Conversely, a green value below 1 implies a downward trend.
Zigzag Tails [Trendoscope®] 🎲 Introducing Zigzag Tails Indicator by Trendoscope.
The Zigzag Tails Indicator, a groundbreaking tool from Trendoscope, redefines technical analysis by seamlessly integrating anchored VWAPs (Volume Weighted Average Prices) and Average Price calculations with Zigzag pivot points. This advanced indicator recalculates Average Price or VWAP from one Zigzag pivot to the next, offering unparalleled insights into market movements.
🎯 Innovative Design
Each Zigzag pivot can feature up to three distinct tails, corresponding to the high, low, and close prices of each candle. Users have the flexibility to select between Average Price and VWAP for display on their charts. By default, the indicator plots all three tails, but individual tail visibility is customizable via the settings panel.
Average Price Mode: When selected, tails depict the average price across a specified number of bars.
VWAP Mode: In this mode, tails represent the VWAP, calculated for a given price over a set number of bars.
🎯 Dynamic Dotted Tail
The Zigzag Tails Indicator features dotted tails that extend from the last Zigzag pivot to the current bar. These dotted tails dynamically adapt to market changes and are subject to repainting with the emergence of new Zigzag pivots.
When repainting is enabled, the dotted tails originate from the last unconfirmed Zigzag pivot, extending to the current bar. This setting offers a more immediate, albeit tentative, visual representation of market trends.
With repainting disabled, the dotted tails will be anchored from the last confirmed Zigzag pivot to the current bar, providing a more stable but slightly delayed market analysis.
Irrespective of the repaint option, the dotted dynamic tails is always expected to repaint.
🎯 Practical Applications
The Zigzag Tails Indicator provides more accurate support and resistance levels than traditional VWAP, rolling VWAP, or moving averages. Its precision makes it an invaluable tool for identifying trends, as well as potential trend continuations or reversals.
🛠 Indicator Settings
Zigzag Configuration:
Zigzag Length determines the loopback length for the foundational Zigzag calculation.
Number of Bars represent the calculation distance. This limitation is added to avoid runtime errors on lower timeframes. The calculations run through lots of loops. Hence, if it is run across too many bars, we may get timeout issues.
Repaint: Activating this will also display the last, unconfirmed Zigzag pivot. Since the last pivot is inherently tentative, it may repaint with the arrival of new bars. A pivot is confirmed only when a subsequent unconfirmed pivot emerges on the chart.
Tail Configuration
Tail Type: Choose between average and VWAP for the tail calculation. The average option plots a simple average, while the VWAP option calculates an anchored VWAP from pivot to pivot.
Display Options: Tailored display options for High, Low, Close prices, with customizable colors for each tail type.
Inspired by the ideas of @KioseffTrading's implementation of Zigzag Anchored VWAP
Anchored Average Price by Atilla Yurtseven (AAP)Anchored Average Price indicator is designed to pinpoint a specific date and price in a given financial instrument's price chart. Once anchored to the desired date and price level, the script calculates and displays the average price from that anchor point to the current day.
Features
Customizable Source: Allows users to choose the source data for calculations. By default, it uses hlc3, which is the average of high, low, and close prices.
Start Date Input: The script includes a timestamp-based input that allows the user to specify the anchor date easily.
Customizable Color: Users can change the color of the plotted average line, adding an additional layer of customization to the visual representation.
Code Mechanics
Initialization: Declares the variables and arrays required for calculations and display. The array is used to store price data.
Condition Check: Only starts storing and calculating data if the chart's time is equal to or greater than the user-defined start date.
Data Storing: Once the condition is met, the script pushes the src price data into the array for future averaging.
Average Calculation: It calculates the average price of the values stored in the array.
Data Clearing: If the condition is not met, the array is cleared, and no average is plotted.
Plotting: The average price is plotted on the chart with the user-defined color.
By incorporating these features and mechanics, AAP provides traders and investors with a powerful tool for assessing average prices anchored to a specific date or swing.
Disclaimer:
This TradingView script is intended for educational and informational purposes only and should not be considered as investment or trading advice. Past performance is not indicative of future results. Trading and investing carry a high level of risk, and you should consult with a qualified financial advisor before making any financial decisions. The creator of this script, Atilla Yurtseven, is not responsible for any losses or damages incurred as a result of using this script.
Trade smart, stay safe
Atilla Yurtseven
ZWAP (ZigZag Anchored VWAP) [Kioseff Trading]Hello!
Quick script showcasing the new polyline function for Pine Script!
Features
Up to 100 high/low pivot points auto anchored VWAP
Visible range auto anchored VWAP
Curved ZigZag (Adjustable!)
With the new polyline function, auto-anchored VWAP at specific price points is more viable.
When using line.new() only 500 lines can exist on the chart concurrently and, since VWAP is calculated on every update, a "proper" VWAP drawn using line.new() can extend 500 bars at most, to which no additional VWAP lines can be drawn after.
Of course, when using the plot() function a VWAP line will draw on every bar; however, this method isn't highly compatible with auto-anchoring VWAP lines.
However!
A polyline, from beginning to end irrespective of the number of coordinates used, constitutes 1 polyline; 100 can exist simultaneously with 10,000 xy coordinates per line.
The image above shows an attempt to draw the same auto-anchored VWAP lines using the line.new() function. Not an ideal outcome!
The image above shows the same attempt using the polyline.new() function!
Very nice (:
The image above shows the indicator auto anchoring to zig zag turning points.
Subsequent to a new anchoring, VWAP is calculated for the following bars - up to the current bar.
Thank you for checking this out; if you have any ideas to spice it up feel free to comment!
Anchored Moving Average By Market Mindset - Zero To EndlessAnchored Moving Average?
An anchored moving average (AMA) is created when you select a point on the chart and start calculating the moving average from there. Thus the moving average’s denominator is not fixed but cumulative and dynamic.
In this indicator, I've provided three different types of Anchored Moving Averages, viz., WMA, SMA and VWAP.
WMA is relevant if big moves are there.
SMA is relevant if volume data is not to be considered or if it is not available.
VWAP is the standard anchored MA, which is most commontly used. Is consider the volume data along with the price move.
In this indicator, Auto anchor is time based anchor. A trader can opt for Pivot Type Anchor or Volume Type Anchor or some higher resolution based anchor too. The length of the pivot lookback can also be changed by the user.
It can be used for intraday, swing trading and even for technical based investment purpose.
PDHL levels with INTRADAY Auto FIBThe present script includes Previous day High/low levels and once the PDH or PDL breaks the present bar's background changes color according to the direction of price breakout.
It's helpful when working on lower timeframe charts with small screen space, so that the user can know that the PDHL has been taken out in one glance at the chart instead of scrolling all around to find out whether the PDH or PDL are broken or not.
The high and low of day before yesterday are also plotted for reference.
The intraday fib levels get drawn taking present day's high and low into account, useful to mark support/retest levels.
The color of the intraday AUTO FIB high and low lines also change from gray to respective assigned colors once the present day price crosses PDH or PDL this is helpful while viewing charts on mobile app.
Disclaimer: Only for studying price movement ideas, trading is not advised.
Fixed Range Anchored VWAPFixed Range Anchored VWAP
Description:
This indicator expands upon the popular Anchored VWAP concept by introducing user-defined start and end dates, allowing traders to select and analyze specific zones of interest. The VWAP is a widely recognized benchmark utilized by traders to assess the average price paid for a security, factoring in both volume and price. By incorporating volume data, the VWAP offers a comprehensive view of market sentiment and provides significant insights into intraday price action.
The Fixed Range Anchored VWAP takes the VWAP concept a step further by enabling traders to define a custom start and end date. This feature allows them to zoom in on specific periods of interest, such as earnings announcements, major news events, or significant price swings. By narrowing the focus to a specific time range, traders can gain a more detailed understanding of how the VWAP interacts with price movements within that specific zone.
How to Use:
1. Set the Start and End Dates: Define the desired start and end dates for the analysis period.
2. Analyze Price Movements: Observe how the VWAP interacts with price action within the defined range.
VWAP Reset Zones
With this indicator, the VWAP is displayed based on two adjustable sources. Close and Open are recommended by default.
The zone between the Open and Close VWAP is carried over to the next day as the zone at the end of the period.
The zones can be considered as support and resistance zones.
The chart illustrates the idea behind it.
In addition, the anchor function has been added so that anchor points can be set for session, week and month.
Depending on the set anchor and the selected time unit of the chart, an adjustment of the indicator to the time unit can be made.
Recommended time unit of the indicator: Session = 15 min / Weekly = 1H / Month = 4H
In addition, the zones between VWAP close and vwap open have been colored.
Bullish when the close is above the open price and bearish when the close is below the open price.
The principle is simple. If the average closing price is below the average opening price, a downtrend is to be assumed and vice versa an uptrend.
VWAP Open Session Anchored by HampehThe VWAP Open Session Anchored indicator differs from traditional VWAP indicators by automatically anchoring the Volume Weighted Average Price calculation to three market session starts Morning, Evening, and Night. Each session represents a distinct time period within the trading day, offering traders and investors a more comprehensive view of the volume-weighted average price within specific sessions.
What Is the Volume-Weighted Average Price (VWAP)?
The volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts that resets at the start of every new trading session.
VWAP is important because it provides traders with pricing insight into both the trend and value of a security.
KEY TAKEAWAYS
1. The volume-weighted average price (VWAP) is a single line on intraday charts.
2. It looks similar to a moving average line but smoother.
3. VWAP represents a view of price action throughout a single day's trading session.
4. Retail and professional traders may use the VWAP to help them determine intraday price trends.
5. VWAP typically is most useful to short-term traders.
VWAP is calculated by totaling the dollars traded for every transaction (price multiplied by the volume) and then dividing by the total shares traded.
VWAP = Cumulative Typical Price x Volume/Cumulative Volume
Where Typical Price = High price + Low price + Closing Price/3
Cumulative = total since the trading session opened.
How Is VWAP Used?
VWAP is used in different ways by traders. Traders may use VWAP as a trend confirmation tool and build trading rules around it. For instance, they may consider stocks with prices below VWAP as undervalued and those with prices above it, as overvalued. If prices below VWAP move above it, traders may go long on the stock. If prices above VWAP move below it, they may sell their positions or initiate short positions.
Institutional buyers including mutual funds use VWAP to help move into or out of stocks with as small of a market impact as possible. Therefore, when they can, institutions will try to buy below the VWAP or sell above it. This way their actions push the price back toward the average, instead of away from it.
Source: www.investopedia.com
All-In-One Auto Anchored VWAPsA chart isn't trendy without a VWAP (which stands for volume weighted average price).
This indicator allows you to choose 3 different anchored VWAPs, and customize the anchor period from one of many different options, including:
- Daily
- Weekly
- Monthly
- Quarterly
- Yearly
- All Time
- Specific Pivots
- Specific Sessions
You can then choose whether you want to anchor to the open, highest or lowest value within that period.
The indicator will automatically update every time a new anchor point is triggered. Every VWAP has colors and standard deviation bands as an optional setting.
As interest in the script grows I will continue to add new features.
LevelUp^ 5-Day Moving AverageIn collaboration with Brian Shannon, author of two best-selling books on technical analysis, we've put together an indicator that manages the moving average period based on the chart timeframe.
When using AVWAP as described by Brian, we look for stocks where the trend of the 50-SMA is higher. In that scenario, we look to shorter timeframes (intraday charts) to see if the price action is setting up for a low risk trade. We do this by making sure the shorter timeframe(s) align with the longer. As we look at various timeframes, we need to make sure the moving average is consistent across the timeframes, which is done via the 5-day moving average as outlined below.
The 5-Day Moving Average (5-DMA)
Brian explains it best, from his article 5 Day Moving Average posted on his blog:
"If you want to see a five DAY moving average on a chart with 10 minute candles, you have to consider how many 10 minute periods of trading there are in the trading day. The US equities markets are open from 9:30- 4:00 each day, which is 6.5 hours per trading day. In each hour of trading, there are 6-10 minute periods, so during the regular session for equities, the market is open for 390 minutes or 39-10 minute periods per day. If we are to get a five day moving average, we would take the 39-10 minute periods the market is open each day and then multiply that by five days. 39 x 5 = 195. So a 5 DAY moving average is represented by a 195 PERIOD moving average when looking at a 10 minute timeframe."
Here are the supported timeframes and their 5-DMA equivalents:
1-minute 1950
2-minutes 975
3-minutes 650
5-minutes 390
6-minutes 325
10-minutes 195
13-minutes 150
15-minutes 130
26-minutes 75
30-minutes 65
39-minutes 50
65-minutes 30
78-minutes 25
130-minutes 15
195-minutes 10
More Information About Anchored VWAP (AVWAP)
Brian goes into great detail about multiple timeframe analysis and AVWAP in both of his books:
▪ Maximum Trading Gains With Anchored VWAP
▪ Technical Analysis Using Multiple Timeframes
Acknowledgements
Many thanks to Brian Shannon for sharing his expertise on Anchored VWAP and providing feedback and suggestions during the development of the indicator.
Automated Anchored VWAPThis was reasonably easy to put together and I can't find one that does this in the Library and I've been wanting one. Of course, the drawing tool is just fantastic, but sometimes it can be forgotten as new pivots emerge.
What you'll find elsewhere in the Library is a nice variety of fancier methods for determining an anchor point with labels, lines, timestamps and standard deviations.
This is just a simple script to pull the Anchored VWAP off of the most recent pivot and update that as new pivots become defined.
I wanted it to be really portable so it could easily work into other things you're working on while also keeping the chart reasonably clean.
The way this functions is as follows: A new pivot is found and VWAP is calculated from it. At that point the prior aVWAP is no longer tracked and it picks up from the new pivot .
Of course this means that the plot doesn't generate until the pivot is actually confirmed, which in turn means that the plot doesn't reach back to the pivot , it begins based on whatever "right bars" period you end up choosing.
I kind of like it that way, because you have your eyes on the one that matters until the new one matters.
The downside is that it doesn't track old pivots . The old aVWAP might still be in play. But if you track all of the old one's you'll have a 100 lines on your chart and no one wants that.
I recommend when you look back and think the old one is still in play, use the drawing tool to keep it on the chart.
Otherwise, let the script do the work for you.
Hope its helpful. Let me know what you think should be done to make it better.
Three Legged GooseThree Legged Goose
Three-Legged Goose is an all-in-one intraday trading system.
It features a sleek and customizable Opening range overlay with infinitely generating price targets, Average Daily Range Zones, Curated Anchored VWAPs, Total Volume and ATR analysis, as well as our state of the art Market Momentum Trend detection.
Three-Legged Goose also has important Daily levels, including the Previous Day's High and Low and the Current Days Open, three fully customizable Exponential Moving Averages, a customizable ema cloud, and a toggleable standard vwap.
Using this indicator allows you to get rid of any unnecessary indicators that are taking up those valuable slots in TradingView.
AVWAP + ORBS:
The Opening Range Breakout system builds off of our recommended 15min opening range and does all of your price target calculations based on the width of the opening range. These targets are fully customizable within the settings,
to allow fine-tuning from ticker to ticker. We have programmed three Anchored vwaps at different time intervals to act as a dynamic trend-finding instrument. These, along with the opening range breakout system, can help you quickly spot the day's trend and dynamic support and resistance long before your standard moving averages have caught up with price intraday.
Average Daily Range Zones:
We believe these zones to be essential to trading, especially with our system. These zones tend to act as areas of major support and resistance as well as give an idea of the projected volatility of the underlying.
Market Momentum Trend Detection:
We paint our momentum analysis directly on your candles. By taking the overall Market Internals + the underlying's Price movement, we can determine areas where we feel comfortable adding risk on or taking risk off.
This will help those that struggle at identifying trends and valid reversals.
All of the default settings are our recommended settings.
Please check the Author Instructions Below for how to gain access to our indicators.
Anchored VWAP with Custom Volume IndexNot a regular AVWAP - this one allows you to use up to 39 sources added together as your volume source
This enables you to use many different pairs from many different exchanges when dealing with crypto
OR you can enhance your intermarket analysis charting abilities enabling you to place the AVWAP on multiple symbols on one chart
Hope you enjoy!
NOTE:
All the symbols must have a history that goes back as far as the chosen date!
When placing at a date in the past, ensure all the sources of volume have history going back as far as you have chosen OR the AVWAP will not appear
Auto Anchored VWAP - Pivot BasedSo I loved the concept of anchored VWAP so just thought of making a script that anchors the VWAP when a new pivot is formed based on pivot length. Green is the pivot high anchor and Red is the pivot low anchor. I hope this is useful.
Anchored VWAP Hand-OffBrian Shannon's "VWAP hand off" strategy, Has been my "go to" for some time now. Version 5 makes this much easier, with drag and drop placement.
When price taps the base anchored VWAP, a second VWAP is plotted at that point. When price taps the second, a third is plotted, and so on.
Each consecutive VWAP can be used to identify trend and future pivot points as trend continues.
IF the VWAPS look messy, price action is choppy and a trend hasnt yet started.
Auto AVWAP (Anchored-VWAP)Anchored Volume Weighted Average Price (AVWAP)
Pioneered by Brian Shannon, an Anchored VWAP is the measure of the average price per share since a specific moment or event. It is found as a tool in TradingView in the same toolkit as Trend Lines.
This indicator uses a Stochastic RSI measurement to define when low and high points (support and resistance levels) have occurred and applies an 'anchor' to these points.
It progressively updates these anchor points as they change. The "Next" potential AVWAP values are also displayed. When a support level is raised or a resistance level is lowered the main AVWAP value is replaced by the "Next" value.
Default Configuration:
This indicator (unconventionally) uses the high and low values instead of the HLC3 values used by a typical VWAP calculation. This allows for what appears more like support and resistance than simply an average price. Simply uncheck this configuration value to see the difference.
Breakout alerts are triggered by the open value. Uncheck this setting to use the close.
High/Low Anchored VWAPHigh/Low Anchored VWAP simply plots an Anchored VWAP at High and Low, within a set range (D,W,M) , with a central "Basis" plot of the High and Low anchored VWAPs
*DISCLAMER* This indicator repaints. DO NOT set alerts or backtest using this indicator.
Market VWAPsIt's annoying to have to redraw the anchored VWAPs over and over, so I wrote an indicator that will create an anchored VWAP for every session and daily open.
Session times are configurable. Disable the ones in Styles that you don't need.
Enjoy!
