OPEN-SOURCE SCRIPT
Last Earnings AVWAP
Updated
Indicator to automatically anchor a VWAP on last earnings. By anchoring to earnings events, this indicator helps traders identify significant price levels where institutional activity may cluster after fundamental catalysts.
Key features:
- Automatically resets and recalculates VWAP from each earnings release
- Detects high-volume breakouts using customizable volume threshold (default 1.5x average volume)
- Includes visual alerts for potential breakout opportunities
- Uses rolling volume analysis over 6 bars to filter out noise
Trading considerations:
The indicator can help identify institutional participation levels post-earnings, particularly useful for:
- Tracking price acceptance above/below key earnings-anchored levels
- Identifying potential support/resistance zones based on post-earnings price discovery
- Filtering meaningful breakouts through volume confirmation
Release Notes
Added the ability to see earnings gapsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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