Notice how at each of the “squiggles” there is fairly good support line, and at each of the arrows, pivots seem to form right at the 1 or 4 hour VWAP. Take a look at the chart below as an example: Four-hour and 1-hour intraday VWAPs for ThinkOrSwim
For quite awhile I’ve been following the 1 and 4 hour intraday VWAPs along with the normal daily VWAP. Now, stay with me on this one, because this concept may be a bit foreign to most of you, but I think there’s an edge here that is worthy of your attention. Volume weighted average price, or VWAP for short, is probably the first indicator I would want on my chart next to volume itself. And when you start to understand how professional traders at large hedge funds and such are incentivized to trade relative to VWAP, it really becomes a no brainer. When I started looking at moving average systems and so forth, I naturally gravitated toward volume weighted average price because it just made sense. So it makes sense for trades to be highly informed by what’s happening with volume, and it helps to know things like what price the most shares have been traded at for the day, or what price over the past hour is considered “fair value”. In addition, this VWAP set comes with a Multiple Timeframe VWAP indicator that allows you to view normal VWAPs on many different timeframes, such as 1 hour, 2 hour, 4 hour, yearly VWAPs, full chart VWAPs, etc. You can add multiple copies to have as many Anchored VWAPs on your chart as you need. While Thinkorswim doesn’t allow point and click AVWAPs, this indicator will allow traders to input a date and time to anchor a VWAP to and plot accurate VWAPs from pivot highs and lows and important turning points on any time frame. This indicator set allows traders to mimic Brian Shannon from Alphatrends’ AVWAP, or Anchored VWAP, tool. High Probability ETF Trading – FULL PACK OF 7 STRATEGIES!īrian Shannon’s AlphaTrends Anchored VWAP (AVWAP) Indicator on ThinkOrSwim.Short Term Trading Strategies That Work – FULL PACK OF 7 STRATEGIES!.Pre-Market High Low Range Breakout Scan.Thinkorswim Bid-Ask Spread Lines Indicator.Tools for the Independent Trader + Digital Nomad.
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