As the volumes have now started coming in index, I am attempting to use anchored VWAP on monthly time frame. Historically major support appears to be have come around significant levels of anchored VWAP. If this is a coincidence or technicality, I am not sure. At the same time this module if it is true, is useful for investment decisions for very long term.
Any one expert in this anchored VWAP can help further.