Final answer:
To use anchored VWAP in TradingView, you need to open the chart, select 'Indicators', search for 'Anchored VWAP', adjust settings to anchor to a specific point, and customize as needed. It's a tool used for technical analysis in trading.
Step-by-step explanation:
To use anchored VWAP in TradingView, follow these steps:
- Open your TradingView chart for the desired security.
- Click on the 'Indicators' button at the top of the chart.
- Search for 'Anchored VWAP' in the indicators list and select it.
- The anchored VWAP will be added to your chart. To anchor it to a specific point, select the 'Settings' gear icon next to the indicator name.
- Choose the 'Inputs' tab and set the anchor date and time to your desired starting point.
- Adjust the 'Style' and 'Visibility' settings as needed to customize the indicator to your preferences.
Anchored VWAP can be a valuable tool for technical analysis, helping traders identify trends and potential support/resistance levels.
TradingView is a popular online platform for charting, technical analysis, and real-time trading. VWAP stands for Volume Weighted Average Price, and it is a popular indicator used by traders to analyze the average price at which a security has traded throughout the day, weighted by its trading volume.
In TradingView, you can add the Anchored VWAP indicator to your chart by clicking on the 'Indicators' button and searching for 'Anchored VWAP'. Once added, you can customize the indicator by selecting a specific starting point on your chart and choosing the desired time frame.
Using the Anchored VWAP can help you identify important support and resistance levels, as well as potential reversal points. It can be a valuable tool for traders who want to analyze the average price at which a security has traded from a specific point in time.