Where the Anchored VWAP gets Set
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- Опубліковано 17 кві 2024
- 📈 The anchored VWAP is constantly moving as new data and volume come in, making it a dynamic indicator.
🔄 The VWAP changes throughout the day based on the volume weighted average price of each minute.
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Too any newbies out there watching this video : anchoring the VWAP to the opening candle+hi of the day+ low of the day and understanding how price acts on smaller timeframes around these levels has been the single biggest game changer in my trading and understanding of price action. Brian and his work is the reason I’m even remotely profitable.
I couldn’t agree more…after reading Brian’s book on AVWAP, my trading has changed entirely.
Read both your books, thought we anchor (AVWAP) the previous day? "Regular VWAP already anchors the 1st candle (or pre market) what is the difference? Thanks
Thanks
In trading view, it looks like the current avwap level changes slightly based on the time frame being used. Feels like that shouldn't be. Is that normal.
every single trade changes the cumulative VWAP
Yes it is normal. The VWAP for that 1st bar is going to be different for each timeframe, so the VWAP’s “starting point” is going to be different for each time frame. The daily’s VWAP starting point is going to be different from the 1 minute’s for example. It just occurred to me rn it bothered me too but now it makes sense.
@@bobhope707 Correct. Tha VWAP is usually calculated on the close price, and the close price changes from timeframe to timeframe.
no, the VWAP is not based on the close price, that was the whole point of the video. it is OHLC/4
@@alphatrends Thank you for the correction but... do you mean it's not used in this video or in general?
I ask because some graphing tools, e.g. YahooFinance, provide several options for calculating the VWAP: O, H, L, C, adj_C, HL/2, HLC/3, HLCC/4, OHLC/4... is there a reason why you prefer OHLC/4?
Anchor like a pro!