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AVWAP Plus Shadow Line

40 USD

Demo downloaded: 5

Published: 20 November 2024

Current version: 1.2

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AVWAP Plus Shadow Line

Utilities
Steven Dussault
Version: 1.2
Updated: 22 November 2024
Activations: 15

AVWAP Plus Shadow Line Indicator for MT4 and MT5

Overview: The AVWAP Plus Shadow Line is a cutting-edge MetaTrader 4 (MT4) and MetaTrader 5 (MT5) indicator designed for traders who seek advanced Volume Weighted Average Price (VWAP) analysis tools. This indicator allows the placement of up to six anchored VWAP lines and a unique "Shadow Line" for precise trend tracking and market analysis. With a fully customizable interface, intuitive buttons, and robust functionality, the AVWAP Plus Shadow Line is perfect for traders aiming for enhanced decision-making.

Key Features:

Advanced Anchored VWAP Lines:
- Supports up to six independent anchored VWAP lines.
- Flexible anchoring to historical bars with user-defined offsets.
- Dynamic recalculation as price evolves.
Shadow Line Functionality:
- A deviation line (Shadow Line) derived from VWAP1 for additional market insights.
- Optional activation with customizable color and width.
Customizable Price Sources:
- Calculate VWAP using various price inputs such as OHLC/4, HLC/3, HL/2, Open, High, Low, or Close.
User-Friendly Interface:
- On-chart buttons for toggling VWAP lines on or off.
- Real-time anchor adjustments via drag-and-drop lines.
- Automatically saves and restores settings across timeframe changes.
Customization Options:
- Adjustable colors, line styles, and widths for each VWAP and Shadow Line.
- Individual activation states for all VWAP lines.
Seamless Integration:
- Operates smoothly in real-time and backtesting environments on both MT4 and MT5.
- No interference with other chart objects or indicators.

Who Should Use This Indicator?

Day Traders: For precise intraday VWAP tracking and trade entries.
Swing Traders: To analyze price trends over medium-term horizons.
Technical Analysts: For enhanced volume-price relationship analysis.

Benefits:

Enhanced trend identification using anchored VWAPs.
Improved decision-making with multi-line VWAP visibility.
Streamlined chart interaction through intuitive controls.
Customizable to fit any trading style or strategy.

Technical Specifications:

Indicator Type: Custom Indicator for MT4 and MT5
Chart Type: Works on any timeframe and instrument.
Inputs:
- VWAP calculation price sources (OHLC/4, HLC/3, etc.).
- Anchoring bar offsets and line styles.
- Shadow Line settings (color, width, visibility).
Buffers:
- Dedicated buffers for each VWAP and Shadow Line for accurate plotting.
Compatibility: Fully optimized for live trading and backtesting on both MT4 and MT5.
Performance: Lightweight and efficient, designed for minimal system impact.

How to Use:

Installation:
- Download and add the indicator to the MT4 or MT5 platform.
- Attach it to the desired chart.
Customization:
- Adjust anchor offsets, colors, and styles in the input settings.
- Activate or deactivate lines using on-chart buttons.
Analysis:
- Monitor price interaction with VWAP and Shadow Line for trend and momentum insights.
- Adjust anchors dynamically to respond to market changes.

Get the AVWAP Plus Shadow Line Indicator today and elevate your trading strategy with unparalleled VWAP analysis tools for MT4 and MT5!

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Version 1.2 2024.11.22

Major Update. Now indicator works on buffer instead of objects to create VWAP lines. Very stable version.

Version 1.1 2024.11.21

Minor changes.