Anchored Vwap Channel
Enhance your trading strategy with the Anchored VWAP Channel Amibroker AFL. By utilizing this tool along with accurate Amibroker data, traders can effectively identify key support and resistance levels. This AFL empowers traders to make informed decisions based on anchored VWAP analysis, capitalizing on market trends for improved trading outcomes.
dn = DateTime();
sd = SelectedValue( dn );
start = dn == sd;
mp = (H+L)/2;
PV = mp * V;
CV = Cum( V );
VSS = CV - ValueWhen( start, CV );
denom = IIf( VSS == 0, 1, VSS );
num = Cum( PV ) - ValueWhen( start, Cum( PV ) );
M = IIf( BarsSince( start ), num/denom, mp );
Q1 = Param("Percentage Upper", 1, 0, 10, 0.01 );
Q2 = Param("Percentage Lower", 1, 0, 10, 0.01 );
Plot( C, Date() + " Close", colorBlack, styleBar );
Plot( M, "M" + _PARAM_VALUES(), colorBlue );
Plot( M * ( 1 + Q1 * 0.01 ), "Upper", colorGreen );
Plot( M * ( 1 - Q2 * 0.01 ), "Lower", colorRed );