AVWAP Band

✨ AVWAP Band by Mars ✨
The AVWAP Band indicator eliminates the guesswork of selecting multipliers for your VWAP analysis. Instead of using arbitrary deviations, this indicator provides three distinct VWAP lines calculated from different price points - giving you a complete VWAP band with just one tool.

What Makes This Different From Standard VWAP
Traditional VWAP indicators use multipliers (1.0, 2.0, 3.0) which require constant adjustment across different markets and timeframes. The AVWAP Band simplifies this by using natural price points:

Low-based VWAP (green) - acts as support
High-based VWAP (red) - acts as resistance
HL2-based VWAP (gray) - acts as the centerline

Key Features

Reduces cognitive load - no more guessing which multiplier to use
User-selected anchor point (click to set date)
Customizable colors and line styles
Built-in alerts for all crossover/crossunder events
Visual anchor point marker

How To Use It

After adding the indicator to your chart, you have to click on your anchor point
Watch for price reactions at each VWAP line
Look for crossovers between price and the different VWAPs
Use the HL2 VWAP as a centerline to determine overall bias

Trading Applications

Support/Resistance levels for intraday trading
Mean-reversion signals when price touches band extremes
Trend confirmation when price holds above/below centerline
Range identification between upper and lower bands
Volatility assessment based on band width

Customization Options

Toggle each VWAP line individually
Adjust line colors to match your chart theme
Control line width and transparency
Enable/disable anchor point label

This indicator simplifies VWAP analysis by giving you natural price-based bands without the need to adjust multipliers across different markets. The high, low, and HL2 sources create a complete VWAP picture with just one tool.

VIDEO

Feedback and suggestions welcome!

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Cosmetics

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minor tweak

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- Now swing-high / lows are detected and different anchor labels' colors are used

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New features included:

Markers for price bouncing / losing the AVWAP lines
Dynamic fill for the band depending on its movement

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quick fix

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making anchor more visible

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# AVWAP Band v2.0 - What's New

## 🆕 New Anchor Types
- **ATH/ATL Detection**: Automatic anchoring at All-Time Highs and Lows
- **Earnings Anchoring**: VWAP from earnings dates with gap visualization
- **Significant Levels**: Custom swing detection finds highest highs/lowest lows
- **Session Anchors**: Weekly/Monthly open support added

## ⚡ Enhanced Swing Detection
- **Custom Algorithm**: Replaces Pine's pivot functions with 30-bar lookback
- **Extreme Point Finding**: Anchors at highest high/lowest low in swing sequences
- **Smart Spacing**: Minimum 10-bar spacing prevents anchor clustering
- **Real-time Detection**: No confirmation delay, immediate swing identification

## 📊 New Statistics & Analytics
- **Success Rate Tracking**: Proper calculation for completed bounce attempts
- **Win/Loss Ratios**: Bounces vs lost support analysis
- **Band Width Monitoring**: Track convergence/divergence
- **Performance Table**: Real-time statistics with color coding

## 🎨 Visual Improvements
- **Enhanced Labels**: Emoji-coded anchor types with detailed tooltips

## 🛠️ Technical Upgrades
- **Robust Error Handling**: Division by zero protection and null checks
- **Optimized Performance**: Pre-calculated colors and variables
- **Manual Date Fix**: Intelligent handling for weekends/holidays
- **Variable Scope Fixes**: Proper Pine Script compliance

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*Major update with institutional-grade swing detection and earnings integration*

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cosmetic

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compliance

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chart update