AmiBroker Canada - Meeting 46 - May 2 2023

AmiBroker Canada - Meeting 46 - May 2 2023

Introduction

The host welcomes the attendees and provides some information about the user group.

  • Attendees are asked to confirm if they can see and hear the host.
  • The user group is introduced as the Amy broker Kennedy User Group.
  • A disclaimer is given that this is a non-commercial user group and nothing discussed should be considered advice of any kind.
  • Information on how to access recordings of meetings is provided.

Objectives of the User Group

The objectives of the Amy broker Kennedy User Group are outlined.

  • The group was started to act as a mastermind group for intermediate to advanced users where there's a multiplying effect where we can progress individual and group goals, learn from each other, work through coding challenges, etc.
  • There's a strong focus on AFL programming for explorations, backtesting, systematic trading, etc.
  • Members will learn new concepts that maybe they were previously unaware of or struggling with and provide each other with support.
  • From time to time, such as our meeting tonight, we investigate and expand into other features like technical analysis trading techniques into other platforms technologies and approaches with both complementary or different differing functionality.

Recording Access & Next Meeting

Information on how to access recordings of meetings is provided along with details about the next meeting.

  • Attendees are informed that tonight's meeting is being recorded and will be available in a day or two in the Forum at www.mybroker.canada.org
  • To gain access to recordings attendees need to be registered users which is free at the website.
  • Attendees will receive an email notice whenever recording is posted which usually goes out within a day or two after the meeting.
  • Details about when the next monthly meeting will take place are provided along with information on how to receive email announcements.

Guest Presenter Introduction

The guest presenter for the meeting, Brian Shannon of alphatrends.net, is introduced.

  • The host introduces Brian Shannon as the guest presenter for the meeting.
  • Brian Shannon will be talking about maximum trading gains with anchored v-wap, which is a combination of price time and volume.

Brian Shannon's Introduction

Brian Shannon is an internationally recognized technical analysis expert who has developed and applied the anchored volume-weighted average price (AVWAP) theory to his daily trading. He has found AVWAP to be the most powerful analysis tool that improved his trading. In this video, he talks about his discovery of AVWAP and how it can be used as an effective analysis tool.

Brian's Background

  • Brian started out in 1991 as a retail broker but was attracted to trading and started full-time trading in 1993.
  • He discovered AVWAP for himself in 2003 when there was very little information available on it.
  • In 2015, the charting platform he uses added AVWAP as a standard drawing tool, which gave it a big shot in the arm.
  • Since then, more than a dozen charting platforms offer AVWAP.

What is Volume Weighted Average Price (VWAP)?

  • VWAP is an analysis tool that has gained traction over the last few years. It calculates the average price of a stock based on both its price and volume.
  • It is commonly used by institutional traders to determine whether they are buying or selling at a good price.

Anchored Volume Weighted Average Price (AVWAP)

  • AVWAP is similar to VWAP but takes into account specific time frames or events such as earnings reports or news releases.
  • It provides insight into where buyers and sellers are positioned relative to their entry points, making it useful for identifying support and resistance levels.

How to Use Anchored VWAP

In this section, Brian explains how to use AVWAP as an effective analysis tool.

Identifying Key Levels

  • Identify key levels by anchoring the VWAP to a specific event or time frame.
  • Use the anchored VWAP to identify support and resistance levels.
  • The anchored VWAP can also be used to identify trends and potential trend reversals.

Trading with Anchored VWAP

  • Use the anchored VWAP as a guide for entering and exiting trades.
  • When trading long, look for stocks that are above their anchored VWAP. When trading short, look for stocks that are below their anchored VWAP.
  • The anchored VWAP can also be used in conjunction with other technical indicators such as moving averages and trend lines.

Conclusion

In this section, Brian concludes his presentation on using AVWAP as an effective analysis tool.

Benefits of Using Anchored VWAP

  • Using AVWAP can help traders make more informed decisions about when to enter and exit trades.
  • It provides insight into where buyers and sellers are positioned relative to their entry points, making it useful for identifying support and resistance levels.
  • It is a powerful analysis tool that has been proven effective by Brian Shannon's own experience.

Understanding Market Price and Volume

In this section, the speaker discusses the importance of market price and volume in trading. They explain how price is the most important factor in determining whether one is making or losing money, while volume shows emotional intensity and commitment.

The Importance of Market Price

  • Market price is the most important factor to consider when trading.
  • It determines whether one is making or losing money.
  • Price is how traders keep score.

The Role of Volume

  • Volume shows emotional intensity and commitment.
  • It's a subjective study that people often use to determine whether a stock is worth investing in.
  • However, it cannot be used as an excuse for losing money.

Traditional Volume Analysis

  • Traditionally, volume expands in the direction of the trend.
  • When a stock begins to emerge, we see a leg higher with big volume peaks at short-term turning points.
  • If it's a healthy trend, volume diminishes as the stock pulls back indicating a lack of aggressive supply.

Adding Time Component to Trading Analysis

In this section, the speaker explains how adding time component makes trading analysis more subjective. They discuss different types of traders such as day traders and swing traders who have different interests based on their time frame.

Subjectivity of Time Component

  • Adding time component makes trading analysis more subjective.
  • Different types of traders have different interests based on their time frame.
  • Day traders are interested in day trades
  • Swing traders are interested in swing trades
  • Investors may want to look at stocks for months or even years at a time.

Correlation Between Age and Number of Trades

  • As people get older, they tend to do fewer trades.
  • There's a strong correlation between age and number of trades.

Anchored Volume Weighted Average Price (VWAP)

  • The VWAP is the volume-weighted average price for one day.
  • The anchored VWAP can be set to any point in time, not just the beginning of the day.
  • It's often used as a support level for traders to purchase stocks and set their stop loss.

Conclusion

In this section, the speaker concludes by emphasizing that traders should do what's right for them and their time frame. They also discuss how anchored volume weighted average price year-to-date is an important metric to consider when trading.

Doing What's Right for You

  • Traders should do what's right for them and their time frame.
  • There are different types of traders with different interests based on their time frame.

Anchored Volume Weighted Average Price Year-to-Date

  • The anchored VWAP year-to-date is an important metric to consider when trading.
  • It provides a good indication of where buyers and sellers are positioned in a stock.

Understanding the Volume Weighted Average Price (VWAP)

In this section, we will learn about the volume weighted average price (VWAP) and how it can be used as an ultimate sentiment indicator to determine who has control in the market.

VWAP as an Ultimate Sentiment Indicator

  • The VWAP is not necessarily about net change but where the volume is coming in and what's the average participant.
  • It is based on what people are doing with their money and measures it objectively.
  • Most sentiment indicators are opinion-based, but VWAP is based on truth in trading.
  • It helps to determine who has control, whether they are gaining, maintaining or losing control from a certain point.

Using VWAP for Trading

  • The use of VWAP depends on one's personality - either as a level of interest or an actual place to do business.
  • It helps to tell us with 100% certainty who's in control and how we can participate and get involved in the market.
  • As a trend trader, if we're above a rising VWAP, buyers are in control. We don't want to short that market but use it to help with trend trades.
  • When below a declining VWAP, we're not looking to buy stocks.

Moving Component of VWAP

  • The moving component of the VWAP is cumulative from the start of measurement.
  • It looks just like a traditional moving average when plotted on a chart.

Conclusion

The volume-weighted average price (VWAP) is an objective measure that determines who has control over the market by measuring what people are doing with their money. It can be used as an ultimate sentiment indicator for traders to make informed decisions about buying or selling stocks.

Institutional Trading Strategies

In this section, the speaker explains how institutional investors use program trades such as volume-weighted average price (VWAP) to execute large orders without impacting the market.

Institutional Trading Strategies

  • Institutions limit their trades to 5% of a stock's daily trading volume to avoid driving up prices.
  • They use VWAP to get the naive price that a trader could expect to get and execute trades over days, weeks or even months.
  • The anchored VWAP is used by institutions because it allows them to sneak in orders without tipping off the market and minimize their market impact cost.
  • Institutions break down large orders into sub-orders based on typical trading volumes for a stock. For example, they may set programs to buy 50,000 shares during the first 10 minutes of trading when liquidity is highest.
  • Programs are designed to buy more shares at the VWAP level when prices pull back. This is because institutions want to buy extra when stocks have been trending throughout the day.

Volume Weighted Average Price

  • Ken Griffin, CEO of Citadel hedge fund, stated that virtually all institutional trades are executed using program trades such as VWAP.
  • A parent order refers to an institution's million-share order which they try to accomplish by breaking it into sub-orders and executing them over time using VWAP.
  • Institutions set their programs based on typical trading volumes for a stock. They participate at a rate of 5% where liquidity is highest and execute more aggressively at levels where prices pull back towards VWAP.
  • An uptrending VWAP or anchored VWAP often acts as support, while a downtrending VWAP often repels rallies.

Understanding the Volume Weighted Average Price (VWAP)

In this section, the speaker explains how to use the volume weighted average price (VWAP) to make trading decisions.

Using VWAP to Chase Gaps or Wait

  • The speaker advises against buying a stock on a gap up because it may drop in the first few minutes of trading.
  • Instead, wait for the buyers to regain control by watching for when the stock gets back above VWAP.
  • Once buyers regain control, buy at that point and set a stop under the most recent low.

Buying Pullbacks from VWAP

  • The speaker recommends buying as a stock bounces from VWAP rather than during a pullback.
  • This is because during a pullback, you may be down on your investment and start to feel like you should sell.
  • When buying as momentum comes back in around VWAP, you can have more confidence in holding onto your investment.

Example with Roku Stock

  • The speaker uses an example with Roku stock to illustrate how he uses anchored VWAP from the beginning of the year.
  • He advises against buying at support if it's not perfect and instead waits for confirmation before entering a trade.
  • He also notes that once support breaks, it becomes resistance and advises waiting for confirmation before shorting.

Using Charts to Identify Entry and Exit Points

In this section, the speaker discusses how charts can be used to identify entry and exit points in trading.

Identifying Entry Points

  • Look for confirmation before shorting at the VWAP.
  • The more times a support or resistance level is tested, the more likely it is to fail due to supply and demand.
  • Determine personal preference for buying at a touch or waiting for buyers to regain control.

Identifying Exit Points

  • It's better to miss out on the first dollar of a move than risk getting stopped out by setting stops too close.
  • Have confidence in your trade and avoid FOMO (fear of missing out).
  • Be ahead of those who try to short the breakdown.

Analyzing Mondelez Stock Chart

In this section, the speaker analyzes Mondelez stock chart as an example of using volume weighted average price (VWAP) anchored from a specific bar on a 30-minute timeframe.

Analyzing Volume Weighted Average Price (VWAP)

  • Don't worry about diminishing volume during pullbacks; focus on when buyers regain control.
  • Anchoring VWAP from a specific bar helps determine when sellers or buyers have control.
  • Rising VWAP above higher highs indicates that long positions are making money while short positions are losing money.

Trading Strategies

In this section, Brian Shannon discusses his trading strategies and how he manages risk.

Buying Breakouts and Selling Positions

  • Brian advises against buying breakouts after a stock has made a run for three or four days. He almost always sells some of his position into that.
  • He cites DocuSign as an example of a great short where the volume-weighted average price from last November is low. When buyers lost control on this gap, sellers sold some of their long positions at that level.
  • The volume-weighted average price anchored to the beginning of the year held its resistance at the same time the volume-weighted average price Gap to this was tested, tested, tested, and then finally saw a lower high. This is where Brian shorted this stock.

Risk Management

  • Brian emphasizes that it's not about the number of winners but how you handle losers. He shows more good winners than losers in his book but there are losers in there because they're part of every single chapter.
  • Psychology and risk management are sections in every single chapter. If you have good risk-reward, you can lose two out of three trades or even three out of four trades and still make money.

Setting Anchors

  • The anchor is set from any big supply and demand shock such as big volume gaps higher or lower. Typically we get a little bit of back-and-forth action before sellers take control.
  • Year-to-date is a great anchor point that provides value all year round from big gaps, and it doesn't matter what the catalyst for the gap is.

Federal Reserve Announcements

  • Brian clicks and puts an anchor at 2 pm as soon as the Federal Reserve announces their monetary policy. He wants to be a buyer when buyers come back down with his stop underneath that long.

Trading Strategies Based on Volume-Weighted Average Price (VWAP)

In this section, the speaker discusses how to use VWAP as a trading strategy. He explains that when a stock pulls back to the VWAP and rises, it is often supported. Conversely, when it fails at the VWAP, there will be sellers from the beginning of that report. The speaker also talks about how to set an anchor on different time frames and why pullbacks and breakouts are not always reliable.

Using VWAP as a Trading Strategy

  • Pullbacks to the VWAP and rising stocks are often supported. Conversely, when it fails at the VWAP, there will be sellers from the beginning of that report.
  • Set an anchor on different time frames such as one minute chart for 20 minutes or five days for longer time frames.
  • Pullbacks and breakouts are not always reliable because there is no objective way to manage risk with them. Instead, wait for price action to tell you when to buy or sell.

Technical Analysis in Different Time Frames

In this section, the speaker discusses how technical analysis works in different time frames due to its fractal nature. He also talks about how pullbacks to the VWAP can still be important even weeks later.

Technical Analysis in Different Time Frames

  • Technical analysis works in different time frames due to its fractal nature.
  • Pullbacks to the VWAP can still be important even weeks later.

Setting Anchors on Highs and Lows

In this section, the speaker talks about how to set anchors on highs and lows and why it is important to monitor them. He also discusses how stocks are valued by institutions going forward from significant lows.

Setting Anchors on Highs and Lows

  • Set anchors on highs and lows to monitor price action. Wait for price action to tell you when to buy or sell.
  • Stocks are valued by institutions going forward from significant lows.

Buying Strategies

In this section, the speaker talks about buying strategies and why pullbacks, breakouts, and averaging down are not always reliable.

Buying Strategies

  • Pullbacks, breakouts, and averaging down are not always reliable because there is no objective way to manage risk with them. Instead, wait for price action to tell you when to buy or sell.
  • Do not buy pullbacks or dips; instead, wait for buyers to take control before buying.

Using Anchored VWAP for Trading

In this section, the speaker discusses how to use anchored volume-weighted average price (VWAP) for trading. He explains why buying breakouts and selling rips is not a good strategy and instead suggests using anchored VWAP as a level of interest.

Buying Breakouts and Selling Rips

  • Buying pullbacks can be risky as they may continue to pull back.
  • Buying breakouts can make money but it's better to be involved closer to the beginning of the rally.
  • Always set stop loss below the most recent relevant higher low when buying on breakout.
  • Selling short on strength is not recommended as it can lead to losses if the stock continues to rise.

Selling Short on Breakdowns

  • Sell short on breakdowns when sellers regain control after making new lows.
  • Use anchored VWAP as a level of interest, not a place to do business.
  • Shorting strength is not recommended.

How to Use Anchored VWAP

  • The way we use anchored VWAP is the same on every timeframe; only time objective differs.
  • For day traders, setting anchors based on high from three years ago won't help much.
  • For investors, setting anchors based on highs from 18 months ago might provide confirmation that buyers are in control.
  • Every trade must have a stop loss.

Observing Federal Reserve Announcements

  • Anchor volume-weighted average price during Federal Reserve announcements even if you're not trading it.
  • Learn using one-minute charts because you don't have to wait long periods before seeing results.

Learning about V-WAP

In this section, Brian Shannon talks about how V-WAP is a great learning tool and explains how to anchor it to different events.

Using V-WAP as a Learning Tool

  • V-WAP is a great learning tool because you don't have to wait weeks to determine if something is important or not. You can get an answer in just 15 minutes.
  • When using V-WAP, it's important not to anchor it to your purchase price. Instead, anchor it to a place where there's shared memory from the market.

Anchoring V-WAP

  • At the beginning of the trading day, the traditional way of anchoring V-WAP is by using the previous day's closing price.
  • You can also anchor V-WAP to earnings year-to-date or any gaps in the market.
  • When anchoring V-WAP, avoid anchoring it solely on your purchase price since no one else cares about that.

Where to Find More Information on Trading

In this section, Brian Shannon shares where you can find more information on trading and his work.

Finding More Information on Trading

  • You can buy Brian Shannon's book on Amazon or Google Books.
  • Follow Brian Shannon on Twitter at @AlphaTrends for more information on his work.
  • Check out alphatrends.net for more information on what he does for his subscribers.

Q&A Session with Richard from Norgate Data

In this section, Brian Shannon answers a question from Richard about V-WAP and dark pools.

Using V-WAP with Dark Pools

  • Richard asks if V-WAP can replace the close price in many applications and what Brian's thoughts are on including or excluding certain trades when calculating AVWAP.
  • Brian explains that dark pool trades have to be reported within the consolidated tape within 15 or 30 minutes, so it doesn't really matter if they're included or not. What matters is what everyone looks at when people look at the volume-weighted average price.

Understanding Trading Data

In this section, the speaker discusses the importance of anchored volume weighted average price and how it relates to trading stocks. He also talks about the limitations of Short interest data and how traders can get the most accurate data.

Anchored Volume Weighted Average Price

  • The anchored volume weighted average price from the all-time high, covid low, and IPO is a big level that got rejected before.
  • It's an important level to watch for as it may get rejected again.
  • Traders don't know how much of the volume is due to hedging or shorting stocks.

Short Interest Data

  • Short interest data doesn't provide a complete picture of trading activity.
  • Traders aim to get the most accurate data by looking at 90% of consolidated tape data.
  • Most traders use a 50-day moving average on their charts to make decisions.

Trading Data Analysis

  • Traders never have a complete picture of trading activity no matter what they do.
  • During earnings season, traders look at after-hours trading data to understand emotional participants' psychology who traded off news.
  • Incorporating overnight futures market data into volume-weighted average price analysis can help identify support levels.

Issues with Kindle Book on AVWAP

In this section, Brian discusses issues with his book on Amazon Kindle being pirated and sold in foreign markets.

Piracy Issues with Kindle Book

  • A customer complains about buying Brian's book on Amazon Kindle, which was unreadable due to being sideways.
  • Brian explains that someone pirated his book and sold it in 13 different foreign markets.

Availability of Books on Kindle

In this section, the speaker discusses the availability of books on Kindle and why some authors may choose not to publish their work on Amazon.

Kindle Process and Author Lockdown

  • The speaker expresses surprise that there is no feature for authors to register and lock down their book so that nobody else can register it.
  • There are reasons why some authors may choose not to put their book on Amazon.

Period Settings for V-WEB

In this section, the speaker explains how period settings work with V-WEB.

Cumulative Volume-Based Setting

  • The V-WEB is cumulative from wherever you click it.
  • It is strictly based on volume.

Anchor Settings

  • Some platforms allow users to select which data they want to use.
  • Open high low close divided by four is the only option that should be considered because it's the most accurate representation of all the data that occurred within that 15-minute period.

Moving Averages

In this section, the speaker talks about moving averages and how they relate to swing trades.

Five-Day Moving Average

  • The five-day moving average is a true moving average and is the most important one for swing trades.
  • If a stock is below a five-day moving average and declining, the speaker will not buy it.

Other Moving Averages

  • The orange moving average seen in charts represents a true five-day moving average.
  • Other periods such as 10 or 20 are less relevant.

Moving Averages and Volume Weighted Average Price

In this section, the speaker explains how he uses moving averages to analyze stocks and how volume is reported in the market. He also discusses the importance of volume weighted average price (VWAP) in his trading strategy.

Moving Averages

  • The speaker uses a five-day moving average as his primary indicator for intraday trading.
  • He also looks at 10-day and 20-day moving averages on longer time frames.
  • The moving averages are calculated based on periods of time, with each period being either 10 minutes or 130 minutes depending on the time frame being analyzed.
  • The speaker emphasizes that he only uses moving averages as levels of interest, not as action points for buying or selling stocks.

Volume Weighted Average Price (VWAP)

  • VWAP is an important indicator for the speaker's trading strategy.
  • It is calculated by taking the total dollar value traded for a stock over a given period of time and dividing it by the total volume traded during that same period.
  • The speaker sets his VWAP from the low of the day when buying a stock and uses it as a reference point for setting stop losses and taking profits.
  • He emphasizes that VWAP should be used as a level of interest rather than an action point for buying or selling stocks.

Reporting Volume in the Market

  • The speaker acknowledges that there are concerns about how volume is reported in today's market due to dark pools and decentralized trading networks.
  • However, he believes that all traders have access to the same data feed, so everyone is responding to the same information regardless of whether some volume goes unreported.
  • He views volume as secondary but still important because it helps him identify levels of interest when combined with other indicators like VWAP.

Traditional Swing Trade Setups

In this section, the speaker explains how he scans for traditional swing trade setups and applies anchored volume weighted average price levels to help with timing.

Scanning Criteria

  • The speaker manually scans hundreds of stocks every day.
  • He looks for trends and setups that are below a declining 20, 50, and 200-day moving average.
  • He uses anchored volume weighted average price levels to determine how the average participant is feeling about a stock.

Example of Traditional Setup Criteria

In this section, the speaker provides an example of his criteria for scanning traditional setups.

Nu Stock Example

  • The speaker got long on Nu stock when it broke above the five-day moving average.
  • He sold a third of his position at 515 and got stopped out of another third at 523.
  • He raised his stop on the remaining balance.

Timing Based on Anchored Volume Weighted Average Price Levels

In this section, the speaker explains how he uses anchored volume weighted average price levels to time trades.

Using Anchored Volume Weighted Average Price Levels

  • The speaker uses anchored volume weighted average price levels to determine how participants are feeling about a stock.
  • He looks at where buyers and sellers are battling it out and measures from there.
  • He wants to see if there is energy building up in a stock before making a trade.

Shorting Strategies

In this section, the speaker discusses his shorting strategies using Roku as an example.

Shorting Roku

  • The speaker has taken a short position in Roku.
  • He is looking for a little bit of a rally in the morning before shorting it on the way back down.
  • His stop goes above the most recent and relevant lower high.
  • If it breaks through 146, he will most likely cover a third of his position and continue to lower his stops below the lower highs as they progress.

Finding Stocks of Interest

In this section, the speaker explains how he finds stocks of interest.

Scanning for Stocks

  • The speaker manually scans hundreds of stocks every day.
  • He looks at stocks alphabetically until he sees something of interest.
  • He slows down when he sees something he likes and analyzes it further.

Good Stock Picking

In this section, the speaker emphasizes the importance of good stock picking.

Importance of Good Stock Picking

  • Good stock picking is crucial to successful trading.
  • The speaker uses anchored volume weighted average price levels to determine how participants are feeling about a stock.
  • He looks for trends and setups that are below a declining 20, 50, and 200-day moving average.

Natural Gas Analysis Using AVWAP

In this section, the speaker analyzes natural gas using AVWAP and ETF of UNG. The speaker shares his personal experience with natural gas and explains why he has zero interest in buying it.

Natural Gas Analysis

  • The speaker is a purely systematic trader, but he has one discretionary trade on natural gas.
  • The seasonality of natural gas tells the speaker that now is the time to be interested, but he needs price confirmation before taking action.
  • The recent rally from 1.90 to 2.30 expended too much energy, and the speaker has zero interest in buying UNG.
  • The sellers are back in control of UNG, and the average long since September 2020 is underwater while the average short is making money.
  • Seasonality is a reason to look at a market, but price confirmation that supports that thesis of seasonality is needed before taking action.

Overall, the speaker believes that natural gas is not worth buying due to its downtrend and lack of price confirmation supporting its seasonality.

Trading Ideas and Technical Analysis

In this section, the speaker discusses the role of technical analysis in trading and how it can be used to generate new trading ideas. He also talks about the subjectivity involved in his personal analysis and how he relies on experience and skill.

Technical Analysis and Trading Ideas

  • The speaker spends most of his time coding and looking at ideas to come up with new trading ideas.
  • There is a lot of art to what he does, as well as science, experience, and skill.
  • The math in his book can be used to build one's own indicator, which can be found online.
  • All of his testing is done in the market, not through backtesting.

Subjectivity in Personal Analysis

  • The speaker's personal analysis involves a lot of art and subjectivity.
  • His brain works by cataloging patterns in his head from looking at charts since 1991.
  • He doesn't do any backtesting; all testing is done in the market.
  • He cuts losses when necessary.

Anchored VWAP Implementation

In this section, the speaker answers questions related to anchored VWAP implementation for mid-long term portfolios.

Setting Anchored Points for Mid-long Term Portfolios

  • The anchored point for mid-long term portfolios is the same for every timeframe.
  • It was demonstrated using Uber's IPO from three years ago.

Volume Weighted Moving Average

In this section, Brian Shannon explains why the 50-day moving average is used and how it is subjective. He also talks about the significance of using a volume-weighted moving average.

Why Use a 50-Day Moving Average?

  • The market has agreed to use a 50-day moving average, but there is no significant reason for it.
  • There is nothing special about 10 weeks or 50 days.
  • The reason we use it is that everyone else uses it.
  • Buyers are often near the 50-day moving average, making it subjective.

Significance of Using a Volume Weighted Moving Average

  • A volume-weighted moving average adds back the subjective nature of using a simple or exponential moving average.
  • It measures sentiment with 100% accuracy from a specific point in time when buyers were in control and then sellers took over.
  • The three most important factors to analyze are time, volume, and price.

Conclusion and Q&A

In this section, Tom thanks Brian for his informative presentation on anchored VWAP. They discuss where to find more information on Brian's presentations and books.

Thanking Brian Shannon

  • Tom thanks Brian for his concise and informative presentation on anchored VWAP.
  • He expresses interest in learning more about anchored VWAP by reviewing the video again once it's finished compiling.

Finding More Information on Anchored VWAP

  • Archived presentations on anchored VWAP can be found on alphatrends.net under the "Anchored VWAP" tab.
  • Brian's book can be purchased on Amazon Canada in Kindle or paper copy format.

Recording Meetings for Long-Term Memory

In this section, the speaker discusses how recording meetings can help individuals remember important information.

Benefits of Recording Meetings

  • Recording meetings helps individuals watch the recording and lock important information into their long-term memory.
  • An email notification is sent when the recording is available for viewing.
  • Individuals are encouraged to continue the meeting discussion, comment or ask questions in the meeting recording thread or reach out to Brian directly if they have any questions.

Conclusion and Thank You

This section summarizes the presentation and thanks the speaker for his time.

Presentation Summary

  • The speaker's book and website offer valuable insights on the topic discussed.
  • Attendees express gratitude for a wonderful presentation filled with great insight and deep knowledge.

Thank You Message

  • Attendees are thanked for choosing to attend the meeting.
  • The meeting is concluded, and attendees are encouraged to keep an eye out for the recording which will be sent by email.

Final Remarks

This section concludes the meeting with final remarks from the host.

Meeting Wrap-Up

  • The host acknowledges that although there are still 20 minutes left until normal meeting time ends, he believes that this session was jam-packed with information and insight.
  • Attendees are thanked again for attending, and all best wishes are extended.
Video description

Guest Presenter Brian Shannon on VWAP and AVWAP.

AmiBroker Canada - Meeting 46 - May 2 2023 | YouTube Video Summary | Video Highlight