OPEN-SOURCE SCRIPT
Anchored VWAP
Anchored VWAP with 3 Standard Deviation Bands
📈 Version: Pine Script v5
📌 Author: Aymen Haddaji
🔍 Overview
This indicator calculates an Anchored Volume-Weighted Average Price (AVWAP), allowing traders to anchor the VWAP calculation from a user-defined date and time. It also plots three standard deviation bands above and below the AVWAP to help identify potential areas of overbought and oversold conditions.
📊 Features & Functionality
✔ Custom Anchor Point: Select a specific date and time to start the AVWAP calculation.
✔ OHLC/4 Calculation: Uses the average of Open, High, Low, and Close to smooth the price input.
✔ Three Standard Deviation Bands:
1st Deviation (Green): Moderate volatility zone.
2nd Deviation (Orange): High volatility zone.
3rd Deviation (Red): Extreme overbought/oversold areas.
✔ Real-Time Calculation: Updates dynamically with each price movement.
✔ Clear Visuals:
AVWAP (Blue Line) represents the fair market price from the anchor.
Deviation Bands (Dashed Lines) show potential support and resistance levels.
🛠 How It Works
VWAP Calculation
Uses a cumulative sum of price × volume divided by cumulative volume.
Calculation starts from the user-defined anchor time.
Standard Deviation Bands
Measures the price dispersion around the AVWAP.
The wider the bands, the higher the volatility.
When price touches or exceeds the 3rd deviation, a potential reversal zone is indicated.
Trading Strategies with AVWAP & Deviation Bands
Trend Confirmation:
Price above AVWAP = Uptrend (bullish).
Price below AVWAP = Downtrend (bearish).
Support & Resistance:
AVWAP acts as dynamic support or resistance.
1st & 2nd deviations often act as secondary levels.
Mean Reversion Trading:
When price reaches the 3rd standard deviation, a pullback is likely.
Breakout Confirmation:
A strong close above/below the 3rd deviation may indicate trend continuation.
⚙️ Input Settings
📍 Anchor Time: Allows you to set the exact date and time to start the AVWAP calculation.
🎯 Ideal For
✅ Intraday traders looking for short-term mean reversion plays.
✅ Swing traders identifying key support/resistance zones.
✅ Trend traders confirming long-term market direction.
✅ Volatility traders using standard deviation for trade entries.
📈 Version: Pine Script v5
📌 Author: Aymen Haddaji
🔍 Overview
This indicator calculates an Anchored Volume-Weighted Average Price (AVWAP), allowing traders to anchor the VWAP calculation from a user-defined date and time. It also plots three standard deviation bands above and below the AVWAP to help identify potential areas of overbought and oversold conditions.
📊 Features & Functionality
✔ Custom Anchor Point: Select a specific date and time to start the AVWAP calculation.
✔ OHLC/4 Calculation: Uses the average of Open, High, Low, and Close to smooth the price input.
✔ Three Standard Deviation Bands:
1st Deviation (Green): Moderate volatility zone.
2nd Deviation (Orange): High volatility zone.
3rd Deviation (Red): Extreme overbought/oversold areas.
✔ Real-Time Calculation: Updates dynamically with each price movement.
✔ Clear Visuals:
AVWAP (Blue Line) represents the fair market price from the anchor.
Deviation Bands (Dashed Lines) show potential support and resistance levels.
🛠 How It Works
VWAP Calculation
Uses a cumulative sum of price × volume divided by cumulative volume.
Calculation starts from the user-defined anchor time.
Standard Deviation Bands
Measures the price dispersion around the AVWAP.
The wider the bands, the higher the volatility.
When price touches or exceeds the 3rd deviation, a potential reversal zone is indicated.
Trading Strategies with AVWAP & Deviation Bands
Trend Confirmation:
Price above AVWAP = Uptrend (bullish).
Price below AVWAP = Downtrend (bearish).
Support & Resistance:
AVWAP acts as dynamic support or resistance.
1st & 2nd deviations often act as secondary levels.
Mean Reversion Trading:
When price reaches the 3rd standard deviation, a pullback is likely.
Breakout Confirmation:
A strong close above/below the 3rd deviation may indicate trend continuation.
⚙️ Input Settings
📍 Anchor Time: Allows you to set the exact date and time to start the AVWAP calculation.
🎯 Ideal For
✅ Intraday traders looking for short-term mean reversion plays.
✅ Swing traders identifying key support/resistance zones.
✅ Trend traders confirming long-term market direction.
✅ Volatility traders using standard deviation for trade entries.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Pour un accès rapide sur un graphique, ajoutez ce script à vos favoris - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Pour un accès rapide sur un graphique, ajoutez ce script à vos favoris - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.