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I would also be interested in the name of the indicator.
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@Garondt This is the anchored VWAP, which I can "anchor" exactly where it is interesting for me. Normally to the last significant low before the trend change. You can see this quite well in the Kontron chart. The others are zoomed in almost too far😅
With the VWAP you can see exactly at which volume-weighted prices the market has positioned itself since the point in time where you are anchored. The VWAP is also very popular with institutional investors, as you can read time and again in SEC filings. They often use the monthly or quarterly VWAP, i.e. it is always read at the beginning of the period. Just like in day trading, where you use the VWAP of the session. You can then see how the market has positioned itself since the start of trading that day.
With the VWAP you can see exactly at which volume-weighted prices the market has positioned itself since the point in time where you are anchored. The VWAP is also very popular with institutional investors, as you can read time and again in SEC filings. They often use the monthly or quarterly VWAP, i.e. it is always read at the beginning of the period. Just like in day trading, where you use the VWAP of the session. You can then see how the market has positioned itself since the start of trading that day.
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•@Savvy_investor_2000 In TradingView there are several variants of the VWAP - what they have in common is that they all take into account the volume-weighted average price of all trades. The VWAP of the free version can be set e.g. per session, per week, per quarter etc. up to 10 years.
I use the anchored VWAP, which is only included in the subscription model, BUT you can set it exactly where you want it for your trading strategy.
I use the anchored VWAP, which is only included in the subscription model, BUT you can set it exactly where you want it for your trading strategy.
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@Savvy_investor_2000 That's right!
Wait a minute, that's the joke! The prize only knows where it wants to go AFTER I've posted my interpretation. If I follow it blindly, it can't make up its mind.
I am the Heisenberg uncertainty principle of trading.
So we keep interpreting so that the price finds a direction😎😂
Wait a minute, that's the joke! The prize only knows where it wants to go AFTER I've posted my interpretation. If I follow it blindly, it can't make up its mind.
I am the Heisenberg uncertainty principle of trading.
So we keep interpreting so that the price finds a direction😎😂
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