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 off of the most recent and update that as new 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 is found and is calculated from it. At that point the prior aVWAP is no longer tracked and it picks up from the new .
Of course this means that the plot doesn't generate until the is actually confirmed, which in turn means that the plot doesn't reach back to the , 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 . 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.
So I added a switch to make that optional. The switch will stop plotting after an aVWAP is broken through.
Typically when these events occur it means one of two things:
1. Price is in a range and aVWAP doesn't matter much at the left/right intervals chosen because participants are getting in positions (accumulating or distributing).
2. (e.g. Pivot High) When price breaks above the pivot high aVWAP and keeps running, those who sold that top are forced to cover their positions and/or chase price up. In such case, their sell from that pivot high makes that aVWAP irrelevant.
Let me know if you see anything else that should be added/changed.
Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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