OPEN-SOURCE SCRIPT
Anchored VWAP
An Anchored VWAP serves as a baseline benchmark tool used to track and display the cumulative average price of a listed asset, starting from the exact moment it became part of that public listing or index.
Intended Purpose
Institutional Benchmarking: It allows investors to see the true, volume-weighted average price that the market has paid for an asset since it was first introduced to that specific public directory, directory update, or rebalancing date.
Fair Value Tracking: Because it weights price by actual trading volume, it shows whether the asset is currently trading above or below its historical "fair value" anchor point relative to its public shelf life.
Support & Resistance Identification: Market participants use it to pinpoint key psychological support and resistance levels that have built up from the exact inception date of the listing.
Intended Purpose
Institutional Benchmarking: It allows investors to see the true, volume-weighted average price that the market has paid for an asset since it was first introduced to that specific public directory, directory update, or rebalancing date.
Fair Value Tracking: Because it weights price by actual trading volume, it shows whether the asset is currently trading above or below its historical "fair value" anchor point relative to its public shelf life.
Support & Resistance Identification: Market participants use it to pinpoint key psychological support and resistance levels that have built up from the exact inception date of the listing.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.