Anchored VWAP by Brian Shannon CMT

Indicators

https://cmtassociation.org/wp-content/uploads/2017/09/0927-shannon.pdf

Notes

Volume Weighted Average Price can be useful for market participants of
all timeframes
VWAP is a quick & easy way to visualize who is in control, buyers or
sellers
Trading in the direction of VWAP will keep you on the right side of the
trend
VWAP “From the Event” helps us understand the emotional disposition of
participants

A rising VWAP indicates positive price action
• A declining VWAP indicates negative price action
• Rallies with a declining VWAP are treated as bounces which
are likely to fail
• Be more aware of the direction of the VWAP than whether it
closes above or below it for a session or two
• Like any support or resistance level, the more times they are
tested, the more likely they are to fail

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