Simple Anchored VWAP - Institutional Volume Benchmark
Info
The Simple Anchored VWAP - Institutional Volume Benchmark is a Indicator for MetaTrader 5 that simple anchored vwap for metatrader 5anchored vwap (avwap)calculates the volume-weighted average price (fair value benchmark) starting from a specific, user-defined point in time rather than an arbitrary midnight session reset. Popularized by Brian Shannon, Anchored VWAP enables traders to track the true break-even benchmark price of institutional participants from key market catalysts:- Major economic news releases (CPI, Non-Farm Payrolls, Rate Decisions)- Key swing highs and swing lows- Session opens (London, New York, Tokyo)- Weekly and Monthly opensFeaturesCustom Anchor Date/Time:Anchor calculation to any historical date/time.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Simple Anchored VWAP - Institutional Volume Benchmark
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Simple Anchored VWAP for MetaTrader 5Anchored VWAP (AVWAP)calculates the volume-weighted average price (fair value benchmark) starting from a specific, user-defined point in time rather than an arbitrary midnight session reset.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Simple Countdown Timer for Next Candle - another powerful indicator for MetaTrader 5 traders.
Simple Anchored VWAP for MetaTrader 5Anchored VWAP (AVWAP)
Also recommended: Simple Clock Indicator - similar indicator with strong performance on MetaTrader 5.
calculates the volume-weighted average price (fair value benchmark) starting from a specific, user-defined point in time rather than an arbitrary midnight session reset.Popularized by Brian Shannon, Anchored VWAP enables traders to track the true break-even benchmark price of institutional participants from key market catalysts:
- Major economic news releases (CPI, Non-Farm Payrolls, Rate Decisions)
- Key swing highs and swing lows
- Session opens (London, New York, Tokyo)
- Weekly and Monthly opens
Features
Custom Anchor Date/Time:
Anchor calculation to any historical date/time.
Auto Volume Detection:
Automatically detects whether your broker provides Tick Volume (Forex) or Real Volume (Futures, Indices, Stocks, Crypto).
Applied Price Flexibility:
Calculate based on Typical Price (H+L+C)/3, Close, Median, or Weighted price.
Standard Deviation Bands:
Optional Upper and Lower volatility bands (+/- 1 SD or custom multiplier) to identify statistical overbought/oversold extremes.
Zero Memory Leaks:
Fully optimized OnCalculate routine suitable for backtesting and multi-timeframe analysis.
Input Parameters
InpAnchorTime:
Anchor Date and Time (e.g. 2026.10.01 00:00).
InpAppliedPrice:
Price source (Default: PRICE_TYPICAL).
InpVolumeType:
VOL_AUTO (auto-detect), VOL_TICK, or VOL_REAL.
InpShowBands:
Enable/Disable volatility standard deviation bands.
InpBandMultiplier:
Standard deviation multiplier (Default: 1.0).
Note for Advanced Traders:
Looking for TradingView-style interactive Drag & Drop, magnetic candlestick snapping, and Multi-Anchor confluence (up to 10 simultaneous anchors)? Check out the full Interactive AVWAP series on MQL5 Market:
Fixed Time AVWAP Free
and
Interactive AVWAP Pro.
You may also like: Simple Clock Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots 3
#property indicator_label1 "AVWAP"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrDodgerBlue.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.