TradingView added a new drawing tool to charts. Anchored VWAP. It is an indicator/drawing, which works similarly to volume-weighted moving averages except its starting point does not move.
How to use it?
Here is an interesting chart of Cosmos. If you choose significantly visible highs and lows as a starting point, the idea is that the price will react to VWAP measured from there. Arrow markers reveal the locations on chart when this was true.
Another option is to anchor VWAP to important event announcements. It must be highest-impact events. You will see, that it works there in a very similar fashion if used properly.
Personally, I was eagerly anticipating when they finally add it. And it happened, so happy charting!
How to use it?
Here is an interesting chart of Cosmos. If you choose significantly visible highs and lows as a starting point, the idea is that the price will react to VWAP measured from there. Arrow markers reveal the locations on chart when this was true.
Another option is to anchor VWAP to important event announcements. It must be highest-impact events. You will see, that it works there in a very similar fashion if used properly.
Personally, I was eagerly anticipating when they finally add it. And it happened, so happy charting!