OPEN-SOURCE SCRIPT

Anchored VWAP Pro

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#Anchored VWAP Pro
by: MasterTonyTA

## What it does


VERY SIMPLE MARK TOPS MARK BOTTOMS- SUPPORT AND RESISTANCE SHOWN

ANCHORED VWAP SHOWS YOU IMPORTANT LEVELS TO KEEP AN EYE TO FLIP, REJECT, OR HOLD

Two anchored VWAPs (top and bottom) with **color memory** — each line stays colored while holding as S/R, turns gray when broken — plus **real-time triangles** marking every wick rejection at the top and bounce at the bottom. Anchors can be set manually via the date/time input in settings, or dragged directly on the chart for fast experimentation.

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## How it's calculated

**VWAP** (close-based, cumulative from anchor):

```
VWAP = Σ(close × volume) / Σ(volume)
```

Starts at the user-selected anchor bar and accumulates forward.

**Color logic:**
- **Top VWAP** — red while `close < VWAP` (resistance holding), gray when `close > VWAP` (broken)
- **Bottom VWAP** — green while `close > VWAP` (support holding), gray when `close < VWAP` (broken)

**Triangles** (wick-based, fires same bar):
- **🔻 Top Rejection** — `high ≥ Top VWAP` and `close < Top VWAP`
- **🔺 Bottom Bounce** — `low ≤ Bottom VWAP` and `close > Bottom VWAP`

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## How to trade with it

1. **Anchor the top** to a major swing high — the red line is dynamic resistance from that pivot.
2. **Anchor the bottom** to a major swing low — the green line is dynamic support from that pivot.
3. **Read the state:**
- Red top + green bottom = price inside a dynamic channel, fade the edges
- Top turns gray = resistance broken, look for retest as new support
- Bottom turns gray = support broken, look for retest as new resistance
4. **Trade the triangles:**
- 🔻 = short the rejection, stop above the wick
- 🔺 = long the bounce, stop below the wick

Best anchors are pivots that already matter — major highs, major lows, capitulation candles. Drag the anchor to test different points; the right one is where price clearly respects the line.

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