Anchored VWAP and the Volume by Price Indicator can be game-changing tools when used properly. Jake from TrendSpider gives us an overview of what these indicators read, some popular strategies, and best use cases to consider when using either indicator to conduct your analysis!
To learn more about Anchored VWAP please check out the creator Brian Shannon’s website for tons of information about the tool.
Subscribe to our Youtube Channel for more great content! 👇
Try TrendSpider 7 Days Free! 👇
What is Volume By Price?
The Volume by Price indicator chart is a horizontal histogram plotted on a graph showing the volumes of shares traded at a specific price level.
What is anchored VWAP?
With an anchored VWAP you can check if buyers are mainly in winning or losing positions over a certain period of time. In this case, the main parameter of the indicator is the number of candles you should go back to find the starting candle for the calculation.
Our favorite sponsor: TheCryptoBot.com
Are you trading crypto currency?
Gunbot is the ultimate Automated Trading Bot.
Take advantage of the most comprehensive trading tool on the market!