Tutorial 192 | Anchored VWAP (estimated)
Tutorial 192 demonstrates how to create an Anchored Volume Weighted Average Price (estimated) indicator.
The Volume Weighted Average Price or VWAP is calculated by summing the volume multiplied by price, summing the volume and then dividing the former by the latter. This is an estimated value because the calculation is assuming that all the volume occurs at the ‘price’, by default this is set to the average price for the bar. The ‘anchored’ means that the line is calculated from the bar that was clicked (compared to being calculated from the beginning of the day, or the start of a new session).
The tutorial program can be downloaded for free by Gold Pass members at the tutorial page (make sure you are logged in):
https://markplex.com/free-tutorials/tutorial-192-anchored-vwap-estimated/
If you are interested in Gold Pass visit: https://markplex.com/markplex-membership/ for the details.
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