# Anchored VWAP Anchored VWAP: volume-weighted average prices restarting each day, week, month, quarter and year (UTC), showing the average cost of each period. ## How to read it - Price above an anchored VWAP means buyers since that anchor are in profit; below means they are underwater. - Higher-period VWAPs (monthly, yearly) are stronger reference levels. - Optional ±1σ / ±2σ bands show how stretched price is from the average. ## Key settings - Source HLC3 (also HL2, OHLC4, Close). - Daily, weekly, monthly, quarterly and yearly lines on; ±1σ / ±2σ bands off. - End-of-line labels on. ## Good to know - Drawn on the price pane, over the candles. [Learn more in the Academy →](#vwap)