AVWAP Band

7 Mar

✨ AVWAP Band by Mars ✨
The AVWAP Band indicator eliminates the guesswork of selecting multipliers for your VWAP analysis. Instead of using arbitrary deviations, this indicator provides three distinct VWAP lines calculated from different price points - giving you a complete VWAP band with just one tool.

What Makes This Different From Standard VWAP
Traditional VWAP indicators use multipliers (1.0, 2.0, 3.0) which require constant adjustment across different markets and timeframes. The AVWAP Band simplifies this by using natural price points:

• Low-based VWAP (green) - acts as support
  
• High-based VWAP (red) - acts as resistance
  
• HL2-based VWAP (gray) - acts as the centerline
  

Key Features

• Reduces cognitive load - no more guessing which multiplier to use
  
• User-selected anchor point (click to set date)
  
• Customizable colors and line styles
  
• Built-in alerts for all crossover/crossunder events
  
• Visual anchor point marker
  

How To Use It

• After adding the indicator to your chart, you have to click on your anchor point
  
• Watch for price reactions at each VWAP line
  
• Look for crossovers between price and the different VWAPs
  
• Use the HL2 VWAP as a centerline to determine overall bias
  

Trading Applications

• Support/Resistance levels for intraday trading
  
• Mean-reversion signals when price touches band extremes
  
• Trend confirmation when price holds above/below centerline
  
• Range identification between upper and lower bands
  
• Volatility assessment based on band width
  

Customization Options

• Toggle each VWAP line individually
  
• Adjust line colors to match your chart theme
  
• Control line width and transparency
  
• Enable/disable anchor point label
  

This indicator simplifies VWAP analysis by giving you natural price-based bands without the need to adjust multipliers across different markets. The high, low, and HL2 sources create a complete VWAP picture with just one tool.

VIDEO

Feedback and suggestions welcome!

8 Mar

Sürüm Notları

Cosmetics

9 Mar

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minor tweak

19 Mar

Sürüm Notları

- Now swing-high / lows are detected and different anchor labels' colors are used

21 Mar

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New features included:

• Markers for price bouncing / losing the AVWAP lines
  
• Dynamic fill for the band depending on its movement
  

25 Mar

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quick fix

3 Nis

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making anchor more visible

26 May

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# AVWAP Band v2.0 - What's New

## 🆕 New Anchor Types
- **ATH/ATL Detection**: Automatic anchoring at All-Time Highs and Lows
- **Earnings Anchoring**: VWAP from earnings dates with gap visualization
- **Significant Levels**: Custom swing detection finds highest highs/lowest lows
- **Session Anchors**: Weekly/Monthly open support added

## ⚡ Enhanced Swing Detection
- **Custom Algorithm**: Replaces Pine's pivot functions with 30-bar lookback
- **Extreme Point Finding**: Anchors at highest high/lowest low in swing sequences
- **Smart Spacing**: Minimum 10-bar spacing prevents anchor clustering
- **Real-time Detection**: No confirmation delay, immediate swing identification

## 📊 New Statistics & Analytics
- **Success Rate Tracking**: Proper calculation for completed bounce attempts
- **Win/Loss Ratios**: Bounces vs lost support analysis
- **Band Width Monitoring**: Track convergence/divergence
- **Performance Table**: Real-time statistics with color coding

## 🎨 Visual Improvements
- **Enhanced Labels**: Emoji-coded anchor types with detailed tooltips

## 🛠️ Technical Upgrades
- **Robust Error Handling**: Division by zero protection and null checks
- **Optimized Performance**: Pre-calculated colors and variables
- **Manual Date Fix**: Intelligent handling for weekends/holidays
- **Variable Scope Fixes**: Proper Pine Script compliance

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*Major update with institutional-grade swing detection and earnings integration*

26 May

Sürüm Notları

cosmetic

26 May

Sürüm Notları

compliance

26 May

Sürüm Notları

chart update