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.
YESSSSSS Thank you for creating this @geneclash !! I had just posted a Feature Request for this recently and it was requested by others for years. Excited to test this out and see how it goes. Posting link to your work on my Reddit Feature Request post to get more eyeballs on this. Cheers!
Pt7481
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@Pt7481, Initial feedback is that "This is Exactly What I've Been Needing" -- I've been placing multiple Fixed Range AVWAPS (FRAVWAPs) on my intraday chart with no problem and I love being able to easily manipulate the individual ranges of each after I place them to quickly answer questions I have relative to the price action. A very minor thought I had while I was using it was that it'd be nice-to-have (not critical by any measure) this indicator support the line settings overlay to quickly manipulate line thickness and color without needing to double-click line and adjust these settings via the Indicator Settings overlay. Not a big deal at all. Love this, thanks again @geneclash !
geneclash
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@Pt7481, Thanks, I know what you mean about the overlay but I don't think it's possible. Will have a look
TobyB098
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@geneclash This looks awesome, but I really want to be able to also set the timeframe used to calculate it (30m, 1hr, 4hr) so I can see that on the 1m chart. Is that possible?