Why Anchoring VWAP is ImportantJune 25th, 2020
“The institutions in the background – what you don’t see – they use this concept already.”
How does an anchored VWAP differ from a traditional VWAP, or volume-weighted average price? In this short snippet from his webinar Find Hidden Support & Resistance Levels with Anchored VWAP, Felix of WirmachenTrader explains why anchoring a VWAP can be beneficial.
Felix discusses how anchoring a VWAP enables it to be used on any timeframe & anchored to any reference point, as well as how institutions utilize anchored VWAP. Additionally, anchoring a VWAP helps answer the question: Who has control since the event occurred?
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