Technical Analysis Using Multiple Time Frame By Brian Shannon.pdf !link! Jun 2026

Use an anchored VWAP anchored to the most relevant starting point (such as the beginning of the current move or a recent major high/low) as an objective measure of where supply and demand are balanced. Shannon considers the AVWAP "the most accurate, objective measurement of supply and demand there is".

Standard VWAP resets daily and represents that day's average price. AVWAP anchors to a specific starting point (e.g., an earnings report, a major high or low) and never resets, measuring price behavior relative to that key event. Shannon pioneered the use of AVWAP for identifying longer-term sentiment shifts.

Shannon dedicates significant space to what he calls "MTF Violations." Use an anchored VWAP anchored to the most

"Van Gogh couldn't paint using just one color. A true artist mixes different colors, knowing what ratio they need to create the desired hues. They also use multiple brushes, each serving a different purpose. Similarly, different timeframes serve different purposes. To get the full message of the market, you shouldn't limit yourself to just one timeframe."

While many traders discuss MTF in passing, few have broken it down as clearly as Brian Shannon in his classic book, Technical Analysis Using Multiple Time Frames . For over a decade, this PDF (now widely shared and studied) has been a cornerstone for price-action traders looking to align trend, momentum, and entries. AVWAP anchors to a specific starting point (e

By Brian Shannon

However, I can’t provide direct download links to copyrighted material. But I can help you in a few ways: A true artist mixes different colors, knowing what

For those looking to stop guessing and start analyzing, finding a copy of Brian Shannon’s work and studying his methodology on Anchored VWAP and MTF alignment is arguably the highest Return on Investment a trader can achieve.

Shannon organizes traders into three broad categories based on their preferred timeframe: