Triple VWAP with Adjustable Start Times

The Triple VWAP with Adjustable Start Times indicator plots three independent Volume Weighted Average Price (VWAP) lines, each with its own customizable anchor point, allowing traders to track value across multiple sessions or specific timeframes.

Usage

The Usage of the Triple VWAP with Adjustable Start Times indicator is particularly effective for instruments with distinct trading sessions, such as futures or stocks. Traders can use the three separate plots to anchor VWAPs to specific events:

• Futures Trading: Anchor the three lines to the Asian session open, London session open, and New York session open to see how price interacts with the volume-weighted average of each specific session.
• Equities Trading: Use the anchors to track the Previous Day's value, the Pre-market session, and the Market Open.
• Trend Identification: When price remains above a specific session's VWAP, that session is considered bullish. Multiple VWAPs acting as support or resistance can indicate strong confluence zones.

Details

The indicator calculates VWAP by taking the sum of the price multiplied by volume and dividing it by the total cumulative volume starting from a specific user-defined timestamp. Unlike standard VWAPs that reset on a fixed daily or weekly basis, this tool uses the timestamp() function to allow for precise "anchoring." This manual anchoring process ensures that the calculation only begins at the exact minute specified, providing a clean cumulative average from that point forward.

Settings

The settings are organized into three identical groups for each VWAP line:

• Year VWAP (1/2/3): Sets the year for the calculation start point.
• Month VWAP (1/2/3): Sets the month for the calculation start point.
• Day VWAP (1/2/3): Sets the day for the calculation start point.
• Hour VWAP (1/2/3): Sets the hour (24-hour format) for the calculation start point.
• Minute VWAP (1/2/3): Sets the specific minute for the calculation start point.

FAQ

How do I use the Triple VWAP with Adjustable Start Times?

Simply input the specific date and time you wish each VWAP to start from in the settings menu. The indicator will then calculate the volume-weighted average starting exactly from that candle.

Can I use this on any timeframe?

Yes, the indicator works on all intraday timeframes. However, ensure your start time corresponds to an existing candle on your current chart interval.

How can I get access to this tool?

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