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ASFX A2 VWAP

Dec 14, 2023

Static chart image
Dynamic Overlays
Volume Based
Signals
Time Based
Fibonacci
Moving Averages
Works on the Following Platforms
tradingviewSymbolTradingView
For free use on the TradingView platform
ninjatraderNinjaTrader
For free use on the NinjaTrader platform
metatrader4MetaTrader 4
For free use on the MetaTrader 4 platform
metatrader5MetaTrader 5
For free use on the MetaTrader 5 platform
thinkorswimThinkorswim
For free use on the Thinkorswim platform

The ASFX A2 VWAP is a toolkit based on A2 signals and daily anchored VWAP bands, a methodology proposed by trader & educator Austin Silver (ASFX).

Pre-built alerts are also included.

USAGE

The A2 strategy involves identifying potential trades using specific signals and confirmation from the 21 EMA (Exponential Moving Average). Below we can see a bullish A2 signal triggering as price is closing below the 21 EMA with less than half of the candles closing price.

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Within the settings, we have enabled the stop loss setting to assist us with trade setups generated from A2 signals.

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Users can enable multiple layers of StDev multipliers on the AAVWAP to find areas of support & resistance alongside the A2 signals & other features included.

indicator image

DETAILS

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If 'Filter Based On VWAP' is enabled, bullish signals will only be displayed if located above the anchored VWAP, while bearish signals will only be displayed when located under the VWAP. The image above illustrates this, with transparent signals showing the ones that are supposed to be filtered.

The Stop Loss is based on the most recent A2 signal, and is constructed from the 1.618 Fibonacci retracement using the following points depending on the A2 signal:

  • Bullish: From candle low to the current daily maximum.
  • Bearish: From candle high to current daily minimum.

SETTINGS

A2

  • Validation EMA Period : Period of the EMA used to validate triggered A2 signals.
  • Trigger EMA Period : Period of the EMA used to trigger A2 signals.
  • Filter Based On VWAP : Filter A2 signals based on their location relative to the VWAP output.

VWAP

  • source : Input data for the anchored VWAP calculation
  • Show Central AVWAP : Display central VWAP on the chart
  • StDev Multiplier 1 : Display first VWAP bands, using a StDev multiplier of 1 by default.
  • StDev Multiplier 2 : Display second VWAP bands, using a StDev multiplier of 2 by default.
  • StDev Multiplier 3 : Display third VWAP bands, using a StDev multiplier of 3 by default.

Stop Loss

  • Stop Loss : Display stop loss based on the most recent A2 signal

Trading is risky and many will lose money in connection with trading activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other markets involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.

Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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