[TTI] Pinch AVWAPs
––––History & Credit
This indicator came from studying Alpha trends and the concept from CMT Brian Shannon
–––––What it does
Upon uploading choose two dates from which the script will calculate Anchored VWAP from both dates. The dates can be easily moved for faster adjustment and re-calculation.
–––––How to use it
If you are trading a breakout methodology like myself, look for the "pinch" of the AVWAPs. Preferably, a bottom AVWAP moving up and a top AVWAP moving down. Choose important dates (this is rather subjective) for the AVWAP dates. These can be important events like Earnings or Divident Announcements. Or places where there is a change of structure of the Supply and Demand dynamic.
This indicator came from studying Alpha trends and the concept from CMT Brian Shannon
–––––What it does
Upon uploading choose two dates from which the script will calculate Anchored VWAP from both dates. The dates can be easily moved for faster adjustment and re-calculation.
–––––How to use it
If you are trading a breakout methodology like myself, look for the "pinch" of the AVWAPs. Preferably, a bottom AVWAP moving up and a top AVWAP moving down. Choose important dates (this is rather subjective) for the AVWAP dates. These can be important events like Earnings or Divident Announcements. Or places where there is a change of structure of the Supply and Demand dynamic.
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👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe
👉 I sell premium indicators here: tradingviewindicators.net