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Automatic Zig Zag Anchored VWAP and Volume Profile

I had a request to do this indicator from a customer and I thought it would be a useful tool, so I got to work on it. I’ve added this as a free bonus to the existing Anchored VWAP and VWAP multiple timeframe set here.

The basic idea is you can define your Zig Zags as usual with the built in Zig Zag indicator. But instead of just plotting zig zags, the indicator will plot volume profiles for each wave/swing, and additionally anchor VWAPs to the most recent 5 swing high/low pivot points and plot them forward in time to present.

Here’s a quick walk through:

Thinkorswim automatic Zig Zag Anchored aVWAP and Volume Profile
Thinkorswim automatic Zig Zag Anchored aVWAP and Volume Profile

Get the indicator here (or if you’re an existing owner download it in the My Account > Orders > View Order Details page):

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Day Trading with Price & Volume on $MU – 2018-04-25

Josiah recaps the entries on $MU for 2018-04-25 using his Price Volume Day Trading method.