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.
Within the settings, we have enabled the stop loss setting to assist us with trade setups generated from A2 signals.
Users can enable multiple layers of StDev multipliers on the AAVWAP to find areas of support & resistance alongside the A2 signals & other features included.
🔶 DETAILS
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
Why dont you produce any stuff open-source anymore ?
masoodahmd
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Too many false signals. How do we correct.
mirmosharaf
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It's pity to stop putting your code open source. Hopefully you will put it again open source. In this way it is much easier to understand calculation and logic behind that. Thank you
hootowl888
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Holy cow batman. I just used this for my own style of trading. Changed the Emas to 13 and 50. Set the Vwap to the opening price. 1 minute to 5 minute chart for day trading. It will show the daily Vwap. Use the 13 and 50 cross, in conjunction with the Ultimate RSi. Powerful Medicine !!!! Swing trading two hour chart. Don't have to manually set the daily Vwap, just makes life easier. Especially days when I want to trade from my phone. Thanks lux algo this is a hidden gem!!!
hootowl888
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Using in conjunction with lux algo Signals and Overlays . I'm really liking this. I'm thinking this is going to be my go-to set up from now on.