An advanced TradingView indicator that calculates dual VWAP lines using high and low prices, with automatic swing low detection to help traders identify key market support levels and trends.
Explore complementary indicator rolesHow it works
The indicator initializes two distinct time sessions with user-defined start and end times, tracking the beginning of each trading period to reset cumulative calculations. During each session, it accumulates the product of price and volume along with total volume to compute the Volume Weighted Average Price (VWAP).
By utilizing two separate data inputs with low and high prices, the indicator generates two VWAP lines that provide a comprehensive perspective on market trends. The dual approach allows traders to identify dynamic support and resistance levels more effectively, with clear visualization through color-coded and adjustable line thickness settings.
Why it may be useful
This indicator offers traders a sophisticated tool for market analysis by combining volume-weighted price calculations with automatic swing low detection. It provides a nuanced view of market activity, helping traders understand price dynamics beyond traditional single-point analysis and offering deeper insights into potential support areas and price reversals.
The open-source nature of the indicator invites customization and collaboration, making it adaptable to various trading styles and strategies. Its transparent code structure and flexible configuration options enable traders of all skill levels to modify and enhance the tool to suit their specific trading needs.
When to explore it
The Auto Dual AVWAP with Auto Swing Low/Pivot Low Finder is most effective during periods of active trading with consistent volume, such as major market sessions and high-liquidity timeframes. Traders can leverage this indicator when seeking to identify potential trend reversals, support levels, and volume-driven price movements across different financial instruments.
It is particularly useful for traders who want a comprehensive view of market activity, combining volume analysis with price trend detection. The indicator's flexibility in defining custom time sessions makes it valuable for traders operating in different time zones or focusing on specific market segments.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
