Theory of untested previous VWAPs acting in similar way to nPOC, where agreed previous 'value' based on volume acts as a liquidity area to be retested. Indicator shows - User selected VWAP - Untested previous VWAPs. The line will disappear once price crosses it's value - Sweeps of previous VWAPs. Show by both bar colours and plotted arrows under different conditions.
Sweep Filters 1. Bull or Bear Bar (required for an arrow plot) 2. Sweep Conditions i.e. open below line, high above line, and close below line 3. If current VWAP is below/above the previous VWAP value.