Most VWAP tools anchor to a single period. Edo Multi-Anchor VWAP projects up to five volume-weighted average prices — anchored to the session, the week, the month, a custom date and an automatic market event — onto the same chart. The idea behind it is that fair value is not one number but a family of references: price can trade cheap against the session VWAP and, at the same time, expensive against the monthly one, and that tension between horizons is first-order trading information.
Five anchored VWAPs on one chart
Each anchor resets its accumulation at a deliberate point and can be toggled independently. The session VWAP resets every day for the intraday reference; the weekly is the default swing anchor; the monthly gives the slow, long-horizon context; the custom resets on a date the trader picks — an earnings release, the start of a move, a historical high or low; and the event VWAP resets automatically on the last detected swing, marking each reset with a small diamond. Read together, they show where price sits relative to every meaningful horizon at once rather than from a single isolated average.
Deviation bands and the five premium / discount states
Volume-weighted standard-deviation bands at ±1σ and ±2σ are drawn over the chosen bands anchor — the weekly by default — framing the premium zone (warm, between +1σ and +2σ) and the discount zone (cool, between −1σ and −2σ). Against a configurable reference anchor, every bar is classified into one of five states: Premium Extreme above +2σ, Premium between +1σ and +2σ, Neutral VWAP within ±1σ, Discount between −1σ and −2σ and Discount Extreme below −2σ. The state is context, not a signal: it tells you whether price is trading rich or cheap relative to what the market has actually paid, with a counter of consecutive bars in the current state.
Sigma distance, the MTF dashboard and the consensus
Sigma distance (σ Dist) expresses how many standard deviations separate the close from a reference VWAP — a z-score comparable across any ticker — and the panel reports it for each of the five anchors, so the tension between horizons is visible at a glance. A multi-timeframe dashboard replicates the state classification across four configurable higher timeframes (1H, 4H, D and W by default), computed without lookahead so it does not repaint, and aggregates them into a consensus from −8 to +8 with a mean-reversion orientation: positive readings mean discount aligned across timeframes — a value opportunity — while negative readings mean premium aligned, a risk zone for new longs. A sixteen-row panel condenses the whole read, and thirteen alerts cover every state change, the VWAP crosses, the strong-consensus thresholds and each anchor reset.