Donchian Anchored Vwap + Handoffs — Indicator by elScipio

In this script I try to incorporate Brian Shannon's Anchored VWAP hand off system into an automated initial anchoring system using Donchian Highs and Lows.
I have also added an average of all the hand-off vwaps.

Higher values in "Donchain Lookback" will display longer term sentiment and vice versa.

*Credit to trader dysrupt for their 'Anchored VWAP Hand-off' script

Release Notes:

Minor aesthetic update

Release Notes:

fixed type in settings

Release Notes:

Added individual sources for vwap highs and vwap lows

defaults reset to:
Source=High for VWAP Highs
Source = Low for VWP lows

Release Notes:

updated code to get better handoffs and display a cleaner chart

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.

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.

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