What Is Anchored VWAP Indicator (AVWAP), Strategy

In a simple word, Anchored VWAP (AVWAP or Anchored Volume Weighted Average Price) is its own Select price movement indicator.

VWAP indicator only works in the below 1-hour candle chart. If you set 1 hour or more candle chart then the VWAP indicator will disappear But using AVWAP indicator you can set time frame 1 minute to 1 month. Also, you can set this Indicator starting point also.

AVWAP indicator Setting

In the different software its little difference to setup. Go to studies and search for ‘anchored VWAP’.

anchored VWAP indicator
  • Field: This is for what price you want to take for calculation of this indicator line.
  • Anchor Date: Using the AVWAP indicator, you can choose a particular date and time, where AVWAP indicator Line will start. So select date, so that indicator will start from this date.
  • Anchor Time: after selecting the date then here you can select your required time, so that indicator line will start from the selected time.
  • Standard deviations 1, 2, & 3: this is the standard deviations line of this indicator. If you want to use then Check this.
  • Shading: if you use standard deviations, then this will shade between the upper and lower lines.
  • WVAP: the color setting of the AWVAP indicator line.
  • 1,2,3 standard deviations: is the color of standard deviations lines.
  • Panel: This is the Panel to this indicator line.my recommendation to use this as it is.
  • Y-axis: This is for AVWAP indicator Line parameters. You can change it as you need.

Anchored VWAP indicator trading strategy

  • Anchored VWAP is not similar to the VWAP indicator.
  • This indicator gives you to set your own buying or selling price movement. You can set where you need to calculate this indicator.

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