Anchored VWAP by LudwigICT is a trading indicator designed to track volume-weighted average price (VWAP) levels anchored to recent key swing points in the market. It plots two separate anchored VWAP lines: one starting from the most recent high breakout (High Anchor) and another from the most recent low breakout (Low Anchor). These anchors automatically reset based on price breakouts or after a configurable number of trading sessions, with optional restrictions to specified market hours.
The indicator also displays a Midline, calculated as the average of the high and low anchored VWAPs, and tracks daily VWAP levels for the last three days to provide short-term VWAP history. Additionally, it offers an optional Time-Weighted Average Price (TWAP) line, which can be calculated using various moving average methods (SMA, EMA, RMA, WMA, VWMA, or Linear Regression) and configured to reset each session or run continuously.
Session and market hours controls include options to limit anchor duration across sessions, set maximum sessions before reset, restrict resets to market hours, and adjust for exchange time zones. The indicator uses tick volume by default but can be set to prefer real volume if available. Visual outputs include labeled lines for anchored high, low, midline VWAPs, daily VWAPs, and TWAP, aiding traders in precise session-based VWAP analysis with enhanced reset and market-hour features.