VWAP MTF Custom Dates (Multi Timeframe VWAP with Custom Dates)

The VWAP MTF Custom Dates indicator allows traders to calculate and plot a Volume Weighted Average Price starting from a specific user-defined date on any intraday timeframe. This tool is designed to provide institutional-grade anchoring for trend analysis, helping traders identify key support and resistance levels based on significant historical events or session starts.

Usage

The Usage of this tool centers around "anchoring" the VWAP calculation to a specific point in time. Traders typically use this to track the average price since a major market event, such as an earnings release, a trend reversal, or the start of a specific month or year.

Example scenarios include:

• Trend Confirmation: When the price remains above the custom VWAP, it suggests a bullish trend since the anchor date.
• Support/Resistance: The VWAP line often acts as a dynamic level where institutional buyers or sellers may re-enter the market.
• Multi-Timeframe Analysis: Because the tool functions across various intraday intervals, it can be used to maintain a consistent high-level perspective while trading on lower timeframes.

Details

The indicator calculates VWAP by accumulating the product of price (HL2) and volume, then dividing it by the total accumulated volume starting from the specified day, month, and year. Unlike standard VWAP indicators that reset daily, this script maintains its accumulation across days until the anchor condition is met again or continues indefinitely from the starting point. The implementation utilizes request.security to ensure session alignment and provides optional color-coding to visualize price position relative to the VWAP.

Settings

• Day: Sets the starting day of the month for the VWAP calculation anchor.
• Month: Sets the starting month for the VWAP calculation anchor.
• Year: Sets the starting year for the VWAP calculation anchor.
• Use color for above below vwap indication: When enabled, the VWAP circles will change color (Green for above, Red for below) based on the closing price relative to the indicator.

FAQ

How do I access VWAP MTF Custom Dates?

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

Can I anchor the VWAP to the current day?

Yes, simply input the current day, month, and year into the settings to begin the calculation from the current session's start.

Does this indicator work on weekly or monthly charts?

The tool is primarily designed for intraday timeframes to provide granular volume-weighted analysis. Using it on very high timeframes may limit the number of data points available for the accumulation logic.