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Date/Time: Mon, 20 May 2024 01:43:36 +0000



Post From: Anchored VWAP as Drawing Tool

[2023-03-04 18:42:22]
kellberga - Posts: 1
The best solution I found for an AVWAP where you can set it with a mouse click AND it's a drawing so it doesn't show up for other symbols, is to use the "Draw Volume Profile" tool with the following settings:

* Draw Mode = POC, VAH, VAL, VWAP Lines Only
* Volume Graph Period Type = From Start Date-Time to End - This makes it so VWAP automatically extends to the end of your chart and you only need to double the start.

In Subgraphs Tab make sure Volume Weighted Average Price is set to Line.
I turn the rest of the Subgraphs to ignore since I only care about the VWAP line.

Then hit Set Defaults and it will be AVWAP every time you use Draw Volume Profile.

Downside is your Draw Volume Profile won't show you the actual Volume Profile if you use those also. To fix that I'm planning to copy the code from the Draw Volume Profile study and make it a Custom Drawing tool with a different name and then use the identical custom study to Save Defaults for the Volume Profile, but not somehting I use much so not doing that now.