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Anchored VWAP Hand-Off

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Volume Weighted Average Price (VWAP) Trend Analysis Pivot Points anchoredvwap vwaphandoff
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vwap trendanalysis pivotpoints anchoredvwap vwaphandoff
Brian Shannon's "VWAP hand off" strategy, Has been my "go to" for some time now. Version 5 makes this much easier, with drag and drop placement.

When price taps the base anchored VWAP, a second VWAP is plotted at that point. When price taps the second, a third is plotted, and so on.

Each consecutive VWAP can be used to identify trend and future pivot points as trend continues.

IF the VWAPS look messy, price action is choppy and a trend hasnt yet started.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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