The Anchored VWAP with Alert is a robust forex software designed for professional traders. It provides traders with valuable insights into the trend and value of an instrument, making it an essential tool in the forex market. This unique software combines the Volume Weighted Average Price (VWAP) indicator with customizable alerts, enhancing trading strategies and decision-making processes.
What is the Volume Weighted Average Price (VWAP)?
The Volume Weighted Average Price (VWAP) is a widely used trading benchmark among traders. It calculates the average price at which an instrument has traded throughout the day, taking into account both volume and price. The VWAP is crucial as it provides traders with a comprehensive view of the instrumentโs trend and value.
Key Features of Anchored VWAP with Alert
The Anchored VWAP with Alert offers several powerful features that enhance the trading experience for professional traders:
AVWAP Lines: This indicator provides six AVWAP lines that can be easily customized. By clicking on the โNo Vertical Linesโ label, the indicator creates six dashed vertical lines at the beginning of the chart, separated by three bars each. It then draws the VWAP lines (v1, v2, v3, v4, v5, v6) in six different colors. Traders can move the vertical lines to automatically update the corresponding VWAP line.
Flexible Alert System: The software offers four types of alerts whenever an AVWAP line is crossed. Traders can choose to enable native alerts, sound alerts, email alerts, or push notification alerts. These alerts provide timely notifications of potential trading opportunities.
Customizable Parameters: Traders have the flexibility to customize various parameters according to their trading preferences. They can choose between using the price close or price median for VWAP calculation. Additionally, traders can decide whether to display the high and low of each AVWAP line, allowing them to analyze standard deviations.
Visual Representation: The software provides clear visual representations of AVWAP lines and their highs and lows. Traders can easily format the lines, colors, styles, and widths to suit their preferences. The vertical lines can also be customized for better visualization.
Frequently Asked Questions (FAQ)
What is the difference between VWAP and AVWAP?
VWAP is calculated from the beginning of the day, week, month, etc., while AVWAP allows traders to place it anywhere on their chart. This flexibility enables traders to analyze specific periods of interest effectively.
How can I delete or create vertical lines?
To delete vertical lines, simply click on โDeleteโ to remove all lines or click on the specific line you want to delete (e.g., โv1,โ โv2,โ etc.). To create vertical lines manually, press the corresponding number keys (1-6) on your keyboard. Each key corresponds to a specific line (e.g., pressing 1 creates โv1โ).
Can I customize the format and placement of AVWAP labels?
Yes, you can customize the format and placement of AVWAP labels. The software allows you to choose the corner of the window where the indicator name will be displayed. You can also adjust the top and right offsets, font size, and text color to achieve your desired display.
Overall, the Anchored VWAP with Alert is a powerful forex software that empowers professional traders with valuable insights and customizable features. Its ability to analyze trends, provide alerts, and offer flexibility in parameter customization makes it an indispensable tool in the forex market.
For independent testing and further information about this product, visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this software. We invite you to share your experience and insights on using this product, as your feedback is valuable to the trading community.
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