Multi Day Auto VWAP

The Multi Day Auto VWAP indicator provides an automated way to visualize Volume Weighted Average Price (VWAP) across multiple lookback periods, helping traders identify intraday and multi-day value areas.

Usage

The Multi Day Auto VWAP tool can be used to track institutional value across different timeframes simultaneously. By plotting the VWAP for the current day and the preceding two days, traders can observe how price interacts with historical volume-weighted averages.

Typical use cases include:

• Support and Resistance: Using the prior days' VWAP levels as potential areas where price may find support or resistance.
• Trend Confirmation: Observing if current price remains above or below the rolling multi-day VWAPs to determine market bias.
• Custom Anchoring: Enabling the custom VWAP feature to anchor a calculation to a specific historical date of significance, such as a high-impact news event or a major swing point.

Details

The script calculates the VWAP by taking the sum of the Typical Price (HLC3) multiplied by volume, divided by the total volume accumulated since the start of the specific session.

The indicator automatically identifies the current calendar day and subtracts days to find the starting points for the 2-day and 3-day VWAP calculations. Note that since it uses fixed calendar day offsets, its behavior on weekends or gaps in trading may vary depending on the asset's liquidity and session settings. The custom VWAP option allows for manual input of a start date (Day, Month, Year) to initiate a cumulative VWAP from that specific point forward.

Settings

• Draw 1 Day VWAP: Toggles the display of the VWAP starting from the current day.
• Draw 2 Day VWAP: Toggles the display of the VWAP starting from the previous calendar day.
• Draw 3 Day VWAP: Toggles the display of the VWAP starting from two calendar days ago.
• Enable Custom VWAP: Enables a fourth VWAP line anchored to a user-defined date.
• Custom VWAP Day: Sets the day of the month for the custom anchored VWAP.
• Custom VWAP Month: Sets the month for the custom anchored VWAP.
• Custom VWAP Year: Sets the year for the custom anchored VWAP.

FAQ

How do I access Multi Day Auto VWAP?

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

Can I change the colors of the different VWAP lines?

Yes, the colors and line thicknesses can be adjusted within the "Style" tab of the indicator settings menu.

Does this indicator work on all timeframes?

While VWAP is most commonly used on intraday timeframes (1m, 5m, 15m), this indicator will function on any timeframe that provides intraday bar data.