Better Anchored VWAP

March 26th, 2021, 06:09 PM

Hi guys,

I have been reading about MIDAS and really like the idea of AnchoredVWAPS, Sierra has ECIVwapAnchor (under User Contributed Studies) but I needed High and Low to be added to VWAP.

Got in touch with Vivek from Anka Software and he made a custom VWAP for me which I called BetterAnchoredVwap and I would like to share.

It is a mix between Sierra's VWAP and ECIVwapAnchor which is perfect for my needs and I hope that it may be beneficial to many others.

(about Vivek, he is a very good professional and as my first ever indicator I liked his customer support)

So I am leaving the CPP here in case someone needs it. Glad to help!

March 29th, 2021, 11:12 AM

Hi, my name is Jan, I'm from Russia. I rarely meet those who use this type of VWAP. Can you share your thoughts on using it, do you count along with the standard deviations?

March 29th, 2021, 12:13 PM

Hi @Yan Vas I have been using the VWAP like this for around 4 months now, and it has helped me alot to develop a feeling for direction, risk management and trade location. But I had to use it in TradingView, that's why I had it custom made for Sierra as well.

I like the concept of Elliott Wave and Fibonacci, and now I am trying to train my mind to use Elliot with AnchoredVWAP/Midas.

I am just a beginner, but I am liking what I see and with time I will be more used to it.

I don't use SD, just a vwap set to high and low of the candle. I like using it with 1500Ticks and Renko.

Do you also use this approach, if yes, how do you use it?

NQ 29-03-21

April 23rd, 2021, 03:51 PM

thanks for sharing this. i 'm also looking into anchored VWAP. Could you kindly explain what the colored lines in the study means? thanks

April 23rd, 2021, 06:44 PM

The study has 3 VWAPS, 1 based on High of the candle, 1 based on low of the Candle and 1 for HLAvg.

The colors are different only because I like to differentiate which VWAP was put from swing high and which one comes from swing low.

April 24th, 2021, 02:23 PM

thanks. do you have any guidance on where to anchor them during the ES/NQ RTH ?

April 28th, 2021, 07:42 PM

Its nice that Vivek would let you share his indicator code.

April 28th, 2021, 09:02 PM

olufemig

thanks. do you have any guidance on where to anchor them during the ES/NQ RTH ?

this is a dynamic approach. It should be placed on tops and bottoms.
There is a book called "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets"

I dont differentiate between RTH and ETH, I just use the highest or lowest swing.

May 8th, 2021, 01:53 PM

foreverlearner

It is a mix between Sierra's VWAP and ECIVwapAnchor which is perfect for my needs and I hope that it may be beneficial to many others.
...
So I am leaving the CPP here in case someone needs it. Glad to help!

Thanks!
Please add a screenshot to your post, makes things really more helpful, especially for SC ind's.

May 9th, 2021, 08:40 PM

E3V3A

Thanks!
Please add a screenshot to your post, makes things really more helpful, especially for SC ind's.

Sorry, i dont know what you mean... Don't know how to do that and don't know what is "ind's". Is it indicators?

Better Anchored VWAP

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Better Anchored VWAP