Anchored VWAP Channel Indicator for MT4

The Anchored VWAP Channel Indicator displays, as the name suggests, a channel based on the volume-weighted average price for a specific time period, but starting from a user-selected point. This indicator is pretty unique and provides solid signals. Long trades should be placed when the price is above the channel, and conversely, short trade opportunities take place when the price dips below the channel.

Starting point explained

As we already mentioned, the Anchored VWAP Channel Indicator signals are based on the user-specified starting point. It is marked as the blue target icon. You can move it to the right or left and that way specify the starting point of the indicator. As a result, signals will be recalculated and the channel will adjust accordingly.

Anchored VWAP Channel Indicator Starting Point

Example trade with the Anchored VWAP Channel Indicator

Below is the screenshot of an example trade with the Anchored VWAP Channel Indicator.

Anchored VWAP Channel Indicator Example of Buy Trade

As you can see on the chart above, the price entered an accumulation phase just above the upper band of the Anchored VWAP Channel indicator, and then a powerful breakout to the upside took place.

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