Anchored VWAP by Time

The Anchored VWAP by Time indicator allows users to plot an Anchored Volume Weighted Average Price (VWAP) starting from a precise user-defined date and time to track institutional pricing levels from key market events.

Usage

The Usage section describes how the script can be used to identify liquidity levels and institutional zones from specific anchor points. Traders can use this tool to:

• Track VWAP from specific intraday range breakouts or news-driven candles.
• Anchor from swing highs or lows to identify potential mean reversion zones.
• Monitor institutional reactions during macro events or market opens.
• Combine the VWAP line with other concepts like Fair Value Gaps (FVGs) or Order Blocks for confluence.

To use the indicator, navigate to the settings and select the desired "Anchor Start Time". The VWAP will begin its cumulative calculation from that exact timestamp forward, regardless of daily or weekly resets.

Details

The Anchored VWAP by Time calculates the volume-weighted average price by accumulating the product of price and volume divided by the total accumulated volume, starting specifically from the user's selected timestamp. Unlike standard VWAP tools that reset on fixed intervals (Daily, Weekly, Monthly), this implementation provides flexibility for discretionary traders to pick anchors based on price action significance. For traders in specific regions like India (NSE), it is important to note that the time input typically follows UTC; for example, a 9:15 AM IST open would correspond to 03:45 UTC.

Settings

• Anchor Start Time: Defines the exact date and time where the VWAP calculation begins.
• VWAP Line Color: Adjusts the color of the plotted VWAP line for better chart visibility.
• Line Width: Sets the thickness of the VWAP plot (ranges from 1 to 5).

FAQ

How can I access Anchored VWAP by Time?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I use this on any timeframe?

Yes, the indicator is designed to work on all timeframes, from 1-minute intraday charts to Daily positional charts.

Does the indicator include alerts?

Yes, the script includes built-in alerts for when the price crosses over or under the Anchored VWAP line.