OPEN-SOURCE SCRIPT
Smart AVWAPs
## Smart AVWAPs
Smart AVWAPs is a multi-anchored VWAP indicator designed for swing traders who want to identify areas where several important volume-weighted price levels converge.
Instead of anchoring VWAPs to every minor swing, the indicator automatically creates AVWAPs from selected high-importance events:
* High relative volume swing highs and lows
* Earnings gaps
* 52-week highs and lows
* Major reversal candles with elevated volume
The indicator keeps the most recent active AVWAPs on the chart, making it easier to visually identify price zones where multiple anchored VWAPs overlap or compress.
### How to Use
AVWAP convergence can highlight areas where participants anchored to different market events have similar volume-weighted cost bases.
For swing trading, these areas can be monitored as potential support, resistance, consolidation, or breakout zones.
A typical workflow is:
1. Look for several AVWAPs converging within a narrow price range.
2. Observe how price behaves around the convergence area.
3. Wait for confirmation such as a strong breakout, reclaim, increased relative volume, or successful retest.
4. Use broader trend, market structure, and risk management before taking a position.
AVWAP convergence itself is not intended to be an automatic buy or sell signal.
### Inputs
**Active AVWAPs**
Controls the maximum number of recent AVWAP anchors displayed.
**Pivot Left / Right**
Controls the sensitivity of swing-high and swing-low detection.
**Minimum RVOL**
Requires a swing or reversal candle to have elevated volume relative to its recent average.
**Earnings Gap %**
Defines the minimum price gap required for an earnings event to create an anchor.
**Reversal ATR**
Controls how large a reversal candle must be relative to ATR before it qualifies as a significant anchor.
### Intended Use
The indicator is primarily designed for daily-chart swing trading, but the settings can be adjusted for other timeframes and trading styles.
It is best used as a visual confluence tool rather than as a standalone trading system.
For research and educational purposes only. This indicator does not provide financial advice or guarantee future mar
Smart AVWAPs is a multi-anchored VWAP indicator designed for swing traders who want to identify areas where several important volume-weighted price levels converge.
Instead of anchoring VWAPs to every minor swing, the indicator automatically creates AVWAPs from selected high-importance events:
* High relative volume swing highs and lows
* Earnings gaps
* 52-week highs and lows
* Major reversal candles with elevated volume
The indicator keeps the most recent active AVWAPs on the chart, making it easier to visually identify price zones where multiple anchored VWAPs overlap or compress.
### How to Use
AVWAP convergence can highlight areas where participants anchored to different market events have similar volume-weighted cost bases.
For swing trading, these areas can be monitored as potential support, resistance, consolidation, or breakout zones.
A typical workflow is:
1. Look for several AVWAPs converging within a narrow price range.
2. Observe how price behaves around the convergence area.
3. Wait for confirmation such as a strong breakout, reclaim, increased relative volume, or successful retest.
4. Use broader trend, market structure, and risk management before taking a position.
AVWAP convergence itself is not intended to be an automatic buy or sell signal.
### Inputs
**Active AVWAPs**
Controls the maximum number of recent AVWAP anchors displayed.
**Pivot Left / Right**
Controls the sensitivity of swing-high and swing-low detection.
**Minimum RVOL**
Requires a swing or reversal candle to have elevated volume relative to its recent average.
**Earnings Gap %**
Defines the minimum price gap required for an earnings event to create an anchor.
**Reversal ATR**
Controls how large a reversal candle must be relative to ATR before it qualifies as a significant anchor.
### Intended Use
The indicator is primarily designed for daily-chart swing trading, but the settings can be adjusted for other timeframes and trading styles.
It is best used as a visual confluence tool rather than as a standalone trading system.
For research and educational purposes only. This indicator does not provide financial advice or guarantee future mar
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。