What it draws
Plots the volume-weighted average price computed from a bar you choose, rather than from the session open. Anchoring VWAP to a meaningful event shows the average price paid by all participants since that event, a widely watched fair-value and support/resistance reference.
How to draw it
- Pick Anchored VWAP from the left toolbar (Projection group).
- One click on the anchor bar — typically a swing high or low, an earnings or news bar, or the start of a move. The chart computes and plots VWAP from that bar forward, updating with each new bar.
How traders use it
- Anchor to a major swing low: while price holds above that AVWAP, buyers since the low remain in profit and pullbacks to it often find support.
- Anchor to an earnings or news bar to track whether the market is accepting (holding above) or rejecting the repricing.
- Use two anchors (e.g. from the high and the low of a range) and watch which AVWAP price respects to judge who is in control.
- Treat reclaim/loss of an anchored VWAP as a regime cue for the move measured from that anchor.
Settings reference
Double-click the drawing (or use its floating toolbar → gear) to open settings:
| Setting | Control | Possible values | Default | Effect |
|---|---|---|---|---|
| Source | select | HLC/3 (Typical) | Close | HL/2 | OHLC/4 | HLC/3 (Typical) | Price source fed into the volume-weighted average price calculation from the anchor bar forward. |
| Band 1 | checkbox | on/off | off | Shows the first standard-deviation band pair around the VWAP line. |
| Band 1 Mult | number | 0.5–5 (step 0.5) | 1 | Standard-deviation multiplier for band 1. |
| Band 2 | checkbox | on/off | off | Shows the second standard-deviation band pair. |
| Band 2 Mult | number | 0.5–5 (step 0.5) | 2 | Standard-deviation multiplier for band 2. |
| Band 3 | checkbox | on/off | off | Shows the third standard-deviation band pair. |
| Band 3 Mult | number | 0.5–10 (step 0.5) | 3 | Standard-deviation multiplier for band 3. |
| Color | color | any color (theme color picker) | #05B878 | Color of the VWAP line itself. |
| Line Width | select | 1px | 2px | 3px | 4px | 2px | Stroke thickness of the drawing’s lines and outlines. |
| Line Style | select | Solid | Dashed | Dotted | Solid | Dash pattern used for the drawing’s lines. |
| Band 1 Color | color | any color | #05B878 | Line color of band 1. |
| Band 2 Color | color | any color | #e91e63 | Line color of band 2. |
| Band 2 Fill | color | any color | #e91e63 | Fill color between the band-2 upper and lower lines. |
| Band 2 Fill Opacity | slider | 0–100 | 5 | Opacity of the band-2 fill. |
| Band 3 Color | color | any color | #ff9800 | Line color of band 3. |
| Band 3 Fill | color | any color | #ff9800 | Fill color between the band-3 upper and lower lines. |
| Band 3 Fill Opacity | slider | 0–100 | 5 | Opacity of the band-3 fill. |
| [Tab] Text — Text | checkbox + textarea | on/off, with a multiline text box for the label content | off (on when the drawing already carries text) | Enables an attached text label on the drawing; typing in the box auto-enables it and updates the label live. |
| [Tab] Text — Text Color | color | any color | same as the drawing’s line color | Color of the attached text label. |
| [Tab] Text — Font Size | select | 8, 10, 11, 12, 14, 16, 18, 20, 24, 28, 32, 36, 48, 64, 72 | 14 | Point size of the attached label text. |
| [Tab] Text — Bold | checkbox | on/off (B toggle button) | off | Renders the label in bold. |
| [Tab] Text — Italic | checkbox | on/off (I toggle button) | off | Renders the label in italics. |
| [Tab] Text — Word Wrap | checkbox | on/off | off | Wraps long label text onto multiple lines instead of one long line. |
| [Tab] Text — Text alignment (vertical) | select | Top | Middle | Bottom | Top | Vertical placement of the label relative to the drawing. |
| [Tab] Text — Text alignment (horizontal) | select | Left | Center | Right | Center | Horizontal placement of the label relative to the drawing. |
| [Tab] Coordinates | number + datetime | one row per anchor point: price (number, step 0.05) and local date/time | the drawing’s current anchor values | Edits anchor geometry numerically — changing a point’s price or time moves the drawing live on the chart. |
| [Tab] Visibility | checkbox + number range | interval buckets: Ticks; Seconds 1–59; Minutes 1–59; Hours 1–24; Days 1–366; Weeks 1–52; Months 1–12; Ranges (each bucket has an on/off checkbox, most also a from–to range) | visible on all intervals | Per-timeframe visibility rules — untick a bucket to hide the drawing on those chart resolutions, or narrow the from–to range within a bucket. |
Editing & managing
- Move / adjust: drag the drawing or any anchor handle; magnet mode snaps points to OHLC values.
- Clone / lock / hide / delete from the floating toolbar or right-click menu.
- Templates: save the current style from the settings dialog and reapply it to new drawings.
- Every action is undoable (⌘Z / Ctrl+Z).
Watch out for
- The entire study depends on the anchor choice — an arbitrary anchor produces an arbitrary line, and freshly anchored VWAPs are volatile until enough volume accumulates.