# Anchored Volume-Weighted Average Price \[AVWAP]
## **Overview**
* **Anchored Volume-Weighted Average Price \[AVWAP]** is used to determine the fair market value of an asset.
* The volume-weighted average price is taken over a user-specified period, typically based on a high or low pivot or trading session start time, and the resulting AVWAP line then serves as a critical support | resistance level that price will eventually retest.
### AVWAP Line
* **\[A]** Default \[Off]. Select the AVWAP source from the drop-down box. Default \[hlc3] which means \[High + Low + Close] / 3.
* Use the color selector box to change the color of the AVWAP line.
Menu: Anchored Volume-Weighted Average Price [AVWAP]
* **\[B]** AVWAP Start \[Option 1]: Use the date and time selectors to select the Start position of the AVWAP line.
* AVWAP Start \[Option 2]: Change the AVWAP Start position directly on the chart by moving the vertical line that appears to a specific candle \[e.g., pivot high, pivot low, day/week start].
* First, click on the AVWAP line, then drag the vertical AVWAP position line on the chart to the desired candle.
### AVWAP Support | Resistance Zone
* The AVWAP Support | Resistance Zone is a horizontal zone based on the latest calculated AVWAP price and can be plotted as another key level to watch alongside Local Support / Resistance.
* **\[C]** Toggle **\[AVWAP Support | Resistance]** to display a horizontal support | resistance zone.
* When price action is above the AVWAP, the horizontal AVWAP support | resistance zone acts as support with bullish zone coloring.
* When price action is below the AVWAP, the horizontal AVWAP support | resistance zone acts as resistance with bearish zone coloring.
#### Example 1: Anchored VWAP Line with AVWAP Support | Resistance Zone
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