OPEN-SOURCE SCRIPT
Updated AVWAP Band
✨ AVWAP Band by Mars ✨
The AVWAP Band indicator eliminates the guesswork of selecting multipliers for your VWAP analysis. Instead of using arbitrary deviations, this indicator provides three distinct VWAP lines calculated from different price points - giving you a complete VWAP band with just one tool.
What Makes This Different From Standard VWAP
Traditional VWAP indicators use multipliers (1.0, 2.0, 3.0) which require constant adjustment across different markets and timeframes. The AVWAP Band simplifies this by using natural price points:
Key Features
How To Use It
Trading Applications
Customization Options
This indicator simplifies VWAP analysis by giving you natural price-based bands without the need to adjust multipliers across different markets. The high, low, and HL2 sources create a complete VWAP picture with just one tool.
VIDEO
Feedback and suggestions welcome!
The AVWAP Band indicator eliminates the guesswork of selecting multipliers for your VWAP analysis. Instead of using arbitrary deviations, this indicator provides three distinct VWAP lines calculated from different price points - giving you a complete VWAP band with just one tool.
What Makes This Different From Standard VWAP
Traditional VWAP indicators use multipliers (1.0, 2.0, 3.0) which require constant adjustment across different markets and timeframes. The AVWAP Band simplifies this by using natural price points:
- Low-based VWAP (green) - acts as support
- High-based VWAP (red) - acts as resistance
- HL2-based VWAP (gray) - acts as the centerline
Key Features
- Reduces cognitive load - no more guessing which multiplier to use
- User-selected anchor point (click to set date)
- Customizable colors and line styles
- Built-in alerts for all crossover/crossunder events
- Visual anchor point marker
How To Use It
- After adding the indicator to your chart, you have to click on your anchor point
- Watch for price reactions at each VWAP line
- Look for crossovers between price and the different VWAPs
- Use the HL2 VWAP as a centerline to determine overall bias
Trading Applications
- Support/Resistance levels for intraday trading
- Mean-reversion signals when price touches band extremes
- Trend confirmation when price holds above/below centerline
- Range identification between upper and lower bands
- Volatility assessment based on band width
Customization Options
- Toggle each VWAP line individually
- Adjust line colors to match your chart theme
- Control line width and transparency
- Enable/disable anchor point label
This indicator simplifies VWAP analysis by giving you natural price-based bands without the need to adjust multipliers across different markets. The high, low, and HL2 sources create a complete VWAP picture with just one tool.
VIDEO
Feedback and suggestions welcome!
Release Notes
CosmeticsRelease Notes
minor tweakRelease Notes
- Now swing-high / lows are detected and different anchor labels' colors are usedRelease Notes
New features included:- Markers for price bouncing / losing the AVWAP lines
- Dynamic fill for the band depending on its movement
Release Notes
quick fixRelease Notes
making anchor more visibleOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.