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Anchored VWAP Hand-Off 2.03
Anchored VWAP Hand-Off 2.03 is a multi-leg cascading VWAP indicator. It starts with a classic Anchored VWAP from a user-selected date (Leg 1), then automatically creates new "hand-off" VWAP legs (up to 24) every time price crosses the previous VWAP. Each new leg resets its calculation from the bar of the cross, creating a dynamic chain of VWAPs that follow price action.
Key Features:
Source: Typically close (customizable).
Trigger: EMA(1) of the source (essentially price itself).
Color Logic: Each VWAP leg changes color based on whether price is above (bullish) or below (bearish) it. Supports unified color mode.
Up to 24 cascading legs (user controls how many are shown).
Visual anchor line at the start date.
Main Use Cases:
Dynamic Support & Resistance
The multiple VWAP legs act as adaptive moving support/resistance zones. Traders watch for bounces off these lines or breaks through several legs at once.
Trend Strength & Momentum
Strong trends often break multiple hand-off legs quickly.
Choppy/consolidating markets produce many frequent hand-offs (more lines clustering).
Mean Reversion Setups
Price tends to return to the nearest active VWAP legs. Useful for fade-the-extreme strategies.
Breakout / Breakdown Confirmation
When price decisively breaks through several VWAP legs in sequence, it often signals a high-probability directional move.
Intraday & Swing Trading
Particularly popular on stocks, futures, and crypto for finding "fair value" shifts after news events or strong moves. The hand-off mechanism makes it more responsive than a single static anchored VWAP.
Visual Market Structure
Helps traders see how "value" is migrating over time as new legs form.
Best Timeframes: Works on all, but especially useful on 5min to daily charts.Pro Tip: Start with 8–12 legs. Too many legs can make the chart noisy. Use the anchor date on significant events (earnings, breakout days, macro events, etc.).This indicator is an evolution of standard Anchored VWAP, designed to solve the problem of a single anchored VWAP becoming stale after big moves.
Key Features:
Source: Typically close (customizable).
Trigger: EMA(1) of the source (essentially price itself).
Color Logic: Each VWAP leg changes color based on whether price is above (bullish) or below (bearish) it. Supports unified color mode.
Up to 24 cascading legs (user controls how many are shown).
Visual anchor line at the start date.
Main Use Cases:
Dynamic Support & Resistance
The multiple VWAP legs act as adaptive moving support/resistance zones. Traders watch for bounces off these lines or breaks through several legs at once.
Trend Strength & Momentum
Strong trends often break multiple hand-off legs quickly.
Choppy/consolidating markets produce many frequent hand-offs (more lines clustering).
Mean Reversion Setups
Price tends to return to the nearest active VWAP legs. Useful for fade-the-extreme strategies.
Breakout / Breakdown Confirmation
When price decisively breaks through several VWAP legs in sequence, it often signals a high-probability directional move.
Intraday & Swing Trading
Particularly popular on stocks, futures, and crypto for finding "fair value" shifts after news events or strong moves. The hand-off mechanism makes it more responsive than a single static anchored VWAP.
Visual Market Structure
Helps traders see how "value" is migrating over time as new legs form.
Best Timeframes: Works on all, but especially useful on 5min to daily charts.Pro Tip: Start with 8–12 legs. Too many legs can make the chart noisy. Use the anchor date on significant events (earnings, breakout days, macro events, etc.).This indicator is an evolution of standard Anchored VWAP, designed to solve the problem of a single anchored VWAP becoming stale after big moves.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.