Support Shading
Allow user to select which vwap they are drawing
Fixed vwaps, fixed vwap names
Global automated vs. individual manual settings
Show vwap numbers
Auto select slot vs. user selected slot
Vwap slots
Max Number of bands, 2
Max number of vwap slots (maximum is 12)
Persist
Study Settings
Input Data
VWAP Color
VWAP Line Style
VWAP Line Width
General Band Settings
Band Shading Enabled
Band Shading Transparency %, default 70
Band Shading Transparency Color
Band Transparency
Band1 Settings
Band1 Enabled
Band1 Multiplier
Band1 Color
Band1 Line Style
Band1 Line Width
Band2 Settings
Band2 Enabled
Band2 Multiplier
Band1 Color
Band1 Line Style
Band1 Line Width
SG names
1 - VWAP
1 - Upper Band1
1 - Lower Band1
1 - Upper Band2
1 - Lower Band2
2 - VWAP
2 - Upper Band1
2 - Lower Band1
2 - Upper Band2
2 - Lower Band2
etc…
Overview
...
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:
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
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
...
Anchor a WAP to any bar on the chart. The VWAP then starts on that bar and is plotted to end the chart.
The study can then be used on any timeframe bars, intraday and daily charts.
Standard Deviation Bands
The study supports up to two bands.
The band width is based on standard deviation with multiplier settings.
Max Number of VWAP’s
The indicator supports a maximum of 12 VWAPS per chart
User Interface
Right clicking the chart to show will show a menu with options to add or remove VWAPS from the chart.
...