Sweet VWAP MT5
- Indicators
- Francisco Gomes Da Silva
- Version: 1.23
- Updated: 8 March 2024
Discover where major institutions are trading and optimize your investments with the Free Anchored VWAP Indicator
This indicator is designed for traders specializing in anchored VWAP strategies, offering the speed to analyze VWAP behavior from specific anchor points with just your mouse cursor.
Key Features:
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VWAP Anchoring:
The main function of this indicator is to show how VWAP would behave if anchored at a point chosen by the trader. This allows for a more precise analysis of market conditions from different time perspectives.
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Free Installation:
After choosing your desired anchor point, you can download the VWAP indicator of your choice and manually configure the VWAP at the anchor point you selected using this indicator.
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Paid Version:
If you like this indicator, you have the option to support my work by purchasing the paid version. The paid version allows you to anchor as many VWAPs as you want with just one click, saving you precious time when setting up your anchored VWAPs.
Click here to download the paid version of the Clckable Anchored VWAP Indicator
Choosing the Best Anchor Points:
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Usually, the best anchor points are the chart's tops and bottoms, as they represent important support and resistance levels. To facilitate this approach, the anchored VWAP includes features called "Magnetic: High or Low."
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When you approach a top or bottom with the mouse cursor, the calculation is automatically based on the nearest high or low price, depending on which is closer. This helps traders choose effective anchor points with the correct price calculation.
Usable in All Markets:
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This indicator can be applied to all financial markets, providing flexibility to traders operating in stocks, currencies, commodities, or other assets. Its versatility makes it a valuable tool in various trading scenarios.
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Calculation of anchored VWAP is primarily based on actual volume, providing a more accurate view of market behavior compared to the standard VWAP.
In summary, the anchored VWAP indicator is a powerful tool for traders who want to explore different anchor points for VWAP and make informed buying and selling decisions based on these analyses. Both the free and paid versions offer significant advantages depending on the individual needs of each trader.
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- Version for MT4: Anchored VWAP for MT4
- My other Free Indicators: Download all indicators
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