PVA-WAP-31
Anchored VWAP
Price Volume Analytics
CHF 35.00
/month
Includes
- PVA-WAP UP study
- PVA-WAP DOWN study
- Control study
Volume
VWAP
PRO
Sierra Chart
Description
An anchored VWAP that re-anchors automatically at each new ZigZag rotation point — no manual adjustment required. Separate studies for up-waves and down-waves ensure the VWAP is always anchored at the structurally relevant pivot for the current wave direction.
How It Differs from Session VWAP
| Session VWAP | Anchored VWAP | |
|---|---|---|
| Reset | Daily at session open | At each wave rotation pivot |
| Anchor relevance | Arbitrary (start of day) | Structural (confirmed pivot) |
| Timeframe | Intraday only | Any timeframe |
| Direction context | None | Separate UP and DOWN studies |
UP and DOWN Studies
| Study | Anchored At | Role |
|---|---|---|
| PVA-WAP UP | Rotation LOW | Support level during upwaves |
| PVA-WAP DOWN | Rotation HIGH | Resistance level during downwaves |
Price above the VWAP during an upwave means buyers remain in control — the VWAP acts as support. Price breaking below signals sellers gaining ground. The reverse applies for downwaves.
Volume Weighting
High-volume bars contribute proportionally more weight to the VWAP calculation, reflecting where institutional activity was concentrated. The result is a consensus price that gravitates toward where significant trading actually occurred.
Key Properties
- No repainting — once calculated, VWAP values are fixed; the anchor only moves when the Control Study confirms a new pivot
- Dynamic updates — follows new pivots in real time
- Multi-configuration — PRO version supports Ref1–Ref4 for multiple independent VWAP instances on one chart
Requirements
- Sierra Chart trading platform
- ofv Control Study (included) — provides ZigZag pivot detection and wave direction
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