Discussing the article: "Implementing Anchored VWAP Indicator in MQL5: A Step-by-Step Guide"
Very nice one!
This is the only free source code anchored VWAP with a moveable anchor time for MT5 that actually works.
I might even add 2 more up and down, respectively, standard deviation stepped bands─to make it more like my own anchored VWAP indicator.
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Check out the new article: Implementing Anchored VWAP Indicator in MQL5: A Step-by-Step Guide.
A step-by-step guide to building an anchored VWAP indicator with an interactive draggable anchor line in MQL5. The article covers the complete implementation, including calculation methodology, session resets, standard deviation bands, and custom visualization. Learn the architectural design decisions behind stateless boundary detection, multi-instance support, and cross-asset volume handling to build a versatile indicator with benchmarking, technical, and analytical capabilities.
The Anchored VWAP is a technical indicator that calculates the volume-weighted price of an asset starting from a user-defined anchor point. It helps traders gauge trend strength, pinpoint entries and exits, analyze market-moving events, investigate swing highs/lows, and measure price extension using standard deviation bands. Unlike regular moving averages that forget beyond a fixed window length, the Anchored VWAP has real memory as it accumulates price and volume data from the anchor point forward.
This allows traders to study price evolution over intraday, swing, and long-term timeframes based on actual transactions. By varying the anchor line around swing highs/lows, breakout points, and consolidations, traders can investigate the changes in the weighted price that led to the formation of those structures. Advanced traders can also use multiple anchors to define channels of high-volume activity.
Author: Prasad Fidelis Dsa