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Avwap

How to use the new Anchored VWAP drawing toolThis chart shows the Nasdaq-100 ETF QQQ as a weekly chart going back several years. It shows price, volume , and the newest addition to all TradingView charts... Anchored VWAP. It's been added as a drawing tool and getting started is easy: 1. Select Anchored VWAP from the drawing tools list on the chart’s left-side panel. 2. Now select a point on the chart from which you would like to start your calculation. 3. Click that point and the VWAP line will instantly calculate and appear on your chart. 4. In addition, you can change the color and thickness of the Anchored VWAP line by double-clicking on it and adjusting its colors and style in Settings. Anchored VWAP displays the volume-weighted average price for a specific time period, starting from a user-selected point. In other words, Anchored VWAP shows the price of an asset adjusted for its volume starting from any point chosen on the chart. This is a powerful tool because it takes into account the number of shares traded at each price level and presents it as a smooth line anchored to any moment in time. We’re excited to help the trading and investing community by adding Anchored VWAP to all TradingView charts. Also, if you missed it, we’ve recently improved the original VWAP indicator and now you can choose the interval to calculate. This gives traders the ability to construct any VWAP line based on a time interval of their choosing. Please leave any comments or questions you may have in the comments below. If you're an expert at using Anchored VWAP , please share some tips and strategies so that new traders and investors can learn from you. Thanks for reading!
NASDAQ:QQQEducation
by TradingView
22
Long Term VWAP Support/ResistanceUsing VWAPs anchored to the 3.1K "bottom" and last year's local top at 13.9K it appears that we are just under that heavy resistance. If we are rejected from the VWAP off the high here (I think we will be) then it's likely that the VWAP off the low will likely provide strong support (will probably be up in mid-8K's by the time we retrace that far). However, if irrational bullishness persists and we break above this VWAP with conviction, then our next likely area of heavy resistance is way up at 11.6K. If we do not break above and confirm our present area as a local top, then we will also confirm bearish divergence on the OBVCD (an OBV variant) which at least on the daily has proven to catch reversals quite well with Bitcoin. My personal plan is to wait and see what happens around this VWAP off the high... break below and I'll be a buyer at the VWAP off the low, break above and I will be a buyer on the retest of the 13.9K VWAP.
BITMEX:BTCUSD.P
by CryptoKick