OPEN-SOURCE SCRIPT
Periodic Anchored VWAP
Periodic Anchored VWAP
Overview
The Periodic Anchored VWAP is a professional volume-weighted average price indicator that anchors VWAP calculations to fixed calendar periods. Unlike traditional anchored VWAP tools that require manual point-and-click anchoring, this indicator automatically resets VWAP calculations at predefined interval boundaries (hourly, daily, weekly, monthly), providing a clean, systematic approach to volume-weighted support and resistance analysis.
Key Features
How It Works
The Golden Rule
VWAP is displayed ONLY when: Chart Timeframe < Anchor Period
This ensures VWAP lines always represent meaningful continuous calculations. For example:
Anchor Logic
Each VWAP resets at its respective period boundary:
Input Settings
Master Control:
VWAP Display Show / Hide Global toggle for all VWAP lines
Intraday Anchors (Default: Off):
Anchor VWAP Periods (Default: On):
Visual Display
Use Cases
Intraday Trading:
Swing Trading:
Position Trading:
Multi-Timeframe Analysis:
Important Notes
Performance
Version History
Start using Periodic Anchored VWAP to elevate your volume-weighted analysis across all timeframes!
Overview
The Periodic Anchored VWAP is a professional volume-weighted average price indicator that anchors VWAP calculations to fixed calendar periods. Unlike traditional anchored VWAP tools that require manual point-and-click anchoring, this indicator automatically resets VWAP calculations at predefined interval boundaries (hourly, daily, weekly, monthly), providing a clean, systematic approach to volume-weighted support and resistance analysis.
Key Features
- 13 Anchor Periods: 1H, 4H, 6H, 12H, 1D, 3D, 1W, 2W, 1M, 2M, 3M, 6M, 12M
- Smart Timeframe Filtering: Automatically hides VWAPs when chart timeframe equals or exceeds anchor period
- Individual Period Controls: Toggle each VWAP on/off independently with custom colors
- Master Toggle: Global show/hide for all VWAP lines
- Dynamic Labels: Real-time price labels at the right edge of chart
- Compact Settings: Streamlined input panel with inline color pickers
How It Works
The Golden Rule
VWAP is displayed ONLY when: Chart Timeframe < Anchor Period
This ensures VWAP lines always represent meaningful continuous calculations. For example:
- 1H VWAP appears only on timeframes smaller than 1 hour (e.g., 15min, 5min, 1min)
- 1D VWAP appears only on timeframes smaller than daily (e.g., 4H, 1H, 15min)
- 1W VWAP appears only on timeframes smaller than weekly (e.g., daily, 4H, 1H)
Anchor Logic
Each VWAP resets at its respective period boundary:
- Intraday Anchors (1H, 4H, 6H, 12H): Reset at the start of each hour/4-hour/6-hour/12-hour period
- Daily Anchors (1D, 3D): Reset at daily market open
- Weekly Anchors (1W, 2W): Reset at weekly market open
- Monthly Anchors (1M, 2M, 3M, 6M, 12M): Reset at month boundaries
Input Settings
Master Control:
VWAP Display Show / Hide Global toggle for all VWAP lines
Intraday Anchors (Default: Off):
- 1H => Teal => Short-term intraday reference
- 4H => Pink => Medium-term intraday reference
- 6H => Magenta => Half-day session reference
- 12H => Cyan => Full session reference
Anchor VWAP Periods (Default: On):
- 1D => Yellow/Green => Daily support/resistance
- 3D => Purple => Multi-day trend reference
- 1W => Blue => Weekly pivot levels
- 2W => Light Blue => Bi-weekly trend
- 1M => Green => Monthly support/resistance
- 2M => Dark Green => 2-month horizon
- 3M => Yellow => Quarterly reference
- 6M => Orange => Semi-annual trend
- 12M => Red => Annual benchmark
Visual Display
- VWAP Lines: Colored lines plotted at 2px thickness for clear visibility:
- Right-Edge Labels: Compact labels showing period and current VWAP value
- Smart Label Colors: Black or white text automatically based on line color for optimal readability
Use Cases
Intraday Trading:
- Use 1H, 4H, 6H, 12H VWAPs on lower timeframes (e.g., 5min, 15min) to identify intraday support/resistance levels
- Multiple intraday VWAPs reveal stacked liquidity zones
Swing Trading:
- 1D, 3D, 1W, 2W VWAPs help identify trend direction and mean reversion levels
- Weekly VWAP provides context for daily price action
Position Trading:
- 1M, 3M, 6M, 12M VWAPs offer long-term benchmarks for valuation assessment
- Multiple monthly VWAPs show multi-year price distribution
Multi-Timeframe Analysis:
- Visualize up to 13 VWAP levels simultaneously
- Identify confluences where multiple VWAP periods align
- Observe how price interacts with different anchored levels
Important Notes
- Timeframe Limitations: VWAPs automatically hide when the chart timeframe is equal to or greater than the anchor period (prevents misleading point-to-point lines)
- Intraday Anchors Disabled by Default: Enable only the periods relevant to your trading style to reduce visual clutter
- Monthly Anchors: Use 30-day approximation for minute calculations; display logic ensures they only appear on daily or lower timeframes
- Label Positioning: Labels appear 1-13 bars to the right of the current bar to prevent overlap with price action
Performance
- Efficiently coded with looped label management
- No repainting — all calculations are historical
- Compatible with all markets and symbols
Version History
- v.1.0 => Initial release with 13 anchor periods, timeframe validation, and dynamic labels
Start using Periodic Anchored VWAP to elevate your volume-weighted analysis across all timeframes!
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Contact me via Telegram: t.me/backtestterminal
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Contact me via Telegram: t.me/backtestterminal
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.