Anchored VWAP

VWAP is a popular method in deriving what market participants view as the fair price. It is commonly used to benchmark trading performance against. The typical VWAP is calculated intraday, starting from the fist bar of the trading session. On a chart, the VWAP will normally reset at the start of each session.

The anchored VWAP uses the same calculation as the regular VWAP but includes two main differnces:

1. You can choose the specific bar to start from - this can be a bar after a news event, a swing high or low, crossing the a previous day high, etc. - any bar after which you would want to gauge bull vs. bear behavior would make sense to anchor a VWAP to
2. It does not reset - the Anchored VWAP plots from the anchored bar to the end of the chart without resetting. This makes it possible to use it on daily charts as well as intraday charts

Features

• Anchor the start of the VWAP to any bar
• Works with all bar types, all timeframes
• Works with Intraday and Daily charts
• Supports 2 Standard Deviation Bands
• Supports up to 12 Anchored VWAPS per chart
• Quickly and Easily Add and Remove Anchored VWAPS from the chart

See reference docs for more