Every trader, whether new or experienced, recognizes the impact of VWAP. Anchored VWAP (AVWAP), which computes VWAP from a specific point on the chart (e.g. daily high), has transformed technical analysis in recent years. Fortunately, traders can benefit from experts like Brian Shannon, who generously shares his AVWAP expertise and insights, making him the premier expert in the field.

Previously, this analysis required manual work for each stock being analyzed. However, with Brian Shannon’s collaboration, this process has become automated. Our ALPHATRENDS SMART AVWAP features 24 customizable options, allowing the indicator to search and find these points for us in seconds. This saves traders time and enables them to analyze multiple stocks at once.

Say goodbye to manual analysis with our automated indicator, thanks to Brian Shannon’s collaboration. Quickly search for specific points on the chart for multiple tickers, saving you time and allowing you to focus on what’s important

Our ALPHATRENDS SMART AVWAP provides 24 customizable options for you to choose from, allowing the indicator to search for specific points in seconds and freeing you up to analyze multiple tickers simultaneously:

  • Today’s High
  • Today’s Low
  • Current Week’s High
  • Current Week’s Low
  • Current Month’s High
  • Current Month’s Low
  • Current Quarter’s High
  • Current Quarter’s Low
  • Current Year’s High
  • Current Year’s Low
  • Yesterday’s High
  • Yesterday’s Low
  • Past Week’s High
  • Past Week’s Low
  • Past Month’s High
  • Past Month’s Low
  • Past Quarter’s High
  • Past Quarter’s Low
  • Past Year’s High
  • Past Year’s Low
  • WTD “Week to date”
  • M TD “Month to date”
  • QTD “Quarter to date”
  • YTD “Year to date”

Tips.

  • The 24 options for our ALPHATRENDS SMART AVWAP are easily distinguishable with the use of color-coding, which can be customized in the indicator’s properties. Enabling the legend will further aid in identifying the options.

NOTE: To ensure that the colors align with the legend, modify them in the Inputs tab, not the Style tab.

  • For accurate results, the chart must display the desired reference point. For example, if you want to view the past quarter’s High AVWAP on a 1-minute time frame, the chart may not show that moment, resulting in the AVWAP line not being displayed and the indicator displaying “N/A”.

    We are grateful to Brian Shannon for partnering with us to create this innovative tool that will benefit the entire trading community. Brian is a talented trader and a kind-hearted individual who is dedicated to helping others. He is truly a standout member of the trading community.

    The ALPHATRENDS SMART AVWAP is included in our Bundle subscription, giving you access to 15 premium indicators. Subscribe today to unlock their full potential.

    Anchored VWAP Analysis

    Brian Shannon’s analysis of the Anchored VWAP highlights its effectiveness in determining support and resistance levels, as well as its ability to reveal hidden market trends. Here’s a closer look at the key aspects of Shannon’s analysis:

    1. Choosing the Anchor Point

    One of the most critical aspects of using Anchored VWAP is selecting the appropriate anchor point. Brian Shannon emphasizes the importance of anchoring the VWAP to meaningful events, such as earnings releases, significant news, technical breakouts, or major market reversals. This allows traders to analyze the market’s reaction to these events and make more informed decisions.

    1. Support and Resistance

    Anchored VWAP can be used to identify potential support and resistance levels. If the price is above the Anchored VWAP line, it may act as a support level. Conversely, if the price is below the line, it may act as resistance. Brian Shannon’s analysis demonstrates that these levels can help traders identify potential entry and exit points, as well as manage risk in their trades.

    1. Multiple Timeframes

    In his analysis, Brian Shannon emphasizes the importance of analyzing the Anchored VWAP across multiple timeframes. This allows traders to gain a more comprehensive understanding of the market and identify confluence areas where the Anchored VWAP levels from different timeframes align.

    1. Combining with Other Indicators

    While the Anchored VWAP is a powerful tool on its own, Brian Shannon suggests using it in conjunction with other technical analysis tools and indicators to enhance trading strategies. By combining Anchored VWAP with indicators such as moving averages, RSI, or MACD, traders can gain additional confirmation and improve the accuracy of their trades.

    Conclusion

    Brian Shannon’s Anchored VWAP analysis has revolutionized the way traders approach the Volume-Weighted Average Price indicator. By selecting meaningful anchor points, analyzing support and resistance levels, considering multiple timeframes, and combining the Anchored VWAP with other technical indicators, traders can improve their trading strategies and increase the probability of success in the market. If you’re looking to enhance your trading arsenal, incorporating Brian Shannon’s insights on the Anchored VWAP is a powerful step in the right direction.

    UPDATE

    Elevate your trading strategy with our Smart AVWAP script! This cutting-edge tool searches for anchored VWAPs and provides 24 customizable options to calculate them. With our latest version, you can take advantage of our “suggested AVWAPs” feature, which analyzes past days using the length input to automatically determine the best AVWAPs for today’s trading.

    As soon as the market opens, the Smart AVWAP script is activated and ready to help you make smarter trading decisions. You can also use the replay mode to review the script’s performance in the past.

    Don’t miss out on this powerful tool! Visit us at Scriptstotrade.com to learn more about the Smart AVWAP script and how it can help maximize your trading strategy.

Examples