Anchored VWAP

Anchored VWAP or Custom VWAP tool allows drawing a VWAP line within a specified range or from a specified starting point.

Specify the start point on the chart and anchored VWAP will draw a line to the current moment. Also, you can specify the endpoint for the line, set Standard Deviation and Maximum Permissible Deviation.

By clicking on the "Gear" icon, you can customize settings of the selected VWAP

Custom VWAP settings
  • VWAP line — set the main line type, its thickness and color

  • Standard Deviation Bands. When the parameter is active, the standard deviation lines up and down from VWAP will be additionally calculated on the chart. Specify the number of standard deviations in the "Value" field and colors

  • Maximum Permissible Deviation (MPD). MPD is similar to the standard deviation but is calculated as (VWAP period high - VWAP period low)/2.

  • Points coordinates — defines the starting point for custom VWAP

  • Visible on specified timeframes — this setting allows you to specify on which timeframes VWAP will be displayed.