The Great Anchors: Dual AVWAP Powered by RSI

The Great Anchors
*Dual Anchored Volume Weighted Average Price Powered by RSI*
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📌 Overview
The Great Anchors is a dual AVWAP-based indicator that resets dynamically using RSI extremes — either from the current asset or a master symbol (e.g., BTCUSDT). It identifies meaningful shifts in price structure and momentum using these "anchored" levels.

It’s designed to help traders spot trend continuations, momentum inflection points, and entry signals aligned with overbought/oversold conditions — but only when the market confirms through volume-weighted price direction.

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🛠 Core Logic
• AVWAP 1 (favwap): Anchored when RSI reaches overbought levels (top anchor)
• AVWAP 2 (savwap): Anchored when RSI reaches oversold levels (bottom anchor)
• AVWAPs are recalculated each time a new OB/OS condition is triggered — acting like "fresh anchors" at key market turning points.

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⚙️ Key Features
🔁 Auto or Manual RSI Thresholds
→ Automatically determines dynamic RSI OB/OS levels based on past peaks and troughs, or lets you set fixed levels.

🧠 Master Symbol Control
→ Use the RSI of a separate asset (like BTCUSDT, ETHUSDT, SOLUSDT, BNBUSDT, SUPRAUSDT) or indices (like TOTAL, TOTAL2, BFR) to control resets — ideal for tracking how BTC/major coins impacts altcoins/others.

🔍 Trend-Filtering Signal Logic
→ Signals are filtered for less noise and are triggered when:
- Both AVWAPs are rising (bullish) or falling (bearish)
- Price action confirms the structure

🎯 Visual Markers & Alerts
→ "💥" for bullish signals and "🔥" for bearish ones. Alerts included for automation or push notifications.

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🎯 How to Use It
1. Add the indicator to your chart.
2. Choose whether to use RSI from the current symbol or a master symbol (e.g., BTC).
3. Select auto-adjusted or manual OB/OS levels.
4. Watch for:
- AVWAP(s) making a significant change (at this point it's one of the AVWAPs resetting)
- Check if price flip it upwards or downwards
- If price goes above both AVWAPs thats a likely bullish trend
- If price can't go above both AVWAPs up and fall bellow both that's a likely bearish trend

- Price retesting upper AVWAP and bounce
- likely bullish continuation

- Price retesting lower AVWAP and dip
- likely bearish continuation

- Signal icons on chart ("💥 - Bullish" or "🔥- Bearish")

Best suited for:
• Swing traders
• Momentum traders
• Traders timing altcoin entries using BTC/Major asset's RSI

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🔔 Signal Explanation
💥 Bullish Signal =
• Both AVWAPs rising
• Higher lows in price structure
• Bullish candle close
• Triggered from overbought RSI reset

🔥 Bearish Signal =
• Both AVWAPs falling
• Lower highs in price structure
• Bearish candle close
• Triggered from oversold RSI reset

Signals reset by opposite signals to prevent noise or overfitting.

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⚠️ Tips & Notes
• Use AVWAPs as dynamic support/resistance, even without signal triggers
• Pair with volume or divergence tools for stronger confirmation

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🧩 Credits & Philosophy
This tool is built with a simple philosophy:
"Anchor your trades to meaningful moments in price — not arbitrary time."

The dual AVWAP concept helps you see how price reacts after momentum peaks, giving you a cleaner bias and more precise trade setups.

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