How to use anchored vwap (AVWAP)?
Technical analysis is widely used in the trading community to make price action analysis easier. Some people believe it is the holy grail of trading while some believe it is just a myth. We will not talk about whether that is true. Rather, we will talk about a technical indicator that is deeply rooted in how price action is formed and how institutions, smart money, algorithms, and retail traders combined can give us a hint of how price might react in certain situations. We will achieve this by using what's called Anchored Volume Weighted Average Price (AVWAP). Most people are already familiar with VWAP and use it on daily basis. But very few people are aware of AVWAP and how useful it can be for a trader.
Continue reading in the blog post: https://tradytics.com/blog/anchored-vwap-avwap-and-how-to-use-it
