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Date/Time: Sat, 23 Nov 2024 19:55:29 +0000



Post From: Anchored VWAP as Drawing Tool

[2024-08-05 23:30:54]
NG1980 - Posts: 40
Using a start point that you drag is the best. Trading view features this. Years after I replied to this post, I’ve been using the draw volume profile tool with vwap included as well as eci anchored vwap with SC. The volume profile drawing tool is annoying because you can’t show deviation bands AND the fact the editing area is a box will get in the way of adjusting stops and targets with your mouse on the chart. If you want to draw more than one anchored vwap then it’s difficult to adjust any drawings because of the overlapping editing areas vs TradingView implementation where you only edit the anchor point. Also if the time series continues past where you original drew the box then it stops updating. Meanwhile eci anchored vwap is nice because you DO have access to deviation bands, but you can’t drag the anchor point to easily see what correlates best to the price action following the anchor point. Additionally you can’t easily erase the eci anchored vwap and if you use it with lower timeframes or small intervals in ticks or volume for example, it will start to weigh on system resources. Copying the functionality of trading view’s draw anchored vwap tool would be the best. I’d also suggest full control over the number and value of deviation bands. Sort of how you can add a lot of levels to the fibinacci tools.
Date Time Of Last Edit: 2024-08-05 23:36:30