auction·Auction & microstructure
Anchored VWAP
VWAP computed from a chosen anchor (session open, prior swing, news event) instead of the day. Useful for measuring distance from a reference participants actually care about.
Related terms
How the desk uses this
Auction-theory terms like this one are what the Nexural indicator suite is built to surface in real time — footprint, delta, CVD, volume profile.