Help finding a VWAP indicator that actually works

• 06/17/2019 at 4:10 AM #100832
  Theopolis

  Hi All,

  Would greatly appreciate help finding a VWAP indicator that actually works. Ie one the shows the upper, middle and lower bands.

  I have seen a lot of traders use this in TDAmeritrade with a fair bit of success. I have tried all the ones in the platform and the ones in the library and they don’t generate anything that looks like the TDAmeritrade ones. ie they don’t look like these examples:

  https://twitter.com/OddStockTrader/status/856935491375046656

  or refer to attached snapshot.

  Thanks,

  Jared

   

  

  Theopolis

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  06/17/2019 at 8:42 AM #100846
  Nicolas

  The embedded version of VWAP in the platform is what you looking for.

  You can also try one of the coded versions available by following the VWAP tags:

  https://www.prorealcode.com/tag/vwap/

  https://www.prorealcode.com/topics-tag/vwap/

  VWAP needs volumes to calculate, so be sure the instrument have volumes!

  

  Nicolas

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  06/18/2019 at 5:28 AM #100938
  Theopolis

  Hi Nic,

  It just doesnt seem to work well? See attached screen capture. See how it bunches up now and then? The TD Ameritrade one doesnt seem to do this (refer original attachment screenshot).

  Do you know of one that will work like the TD ameritrade one or a way i can make this one look/behave the same without it bunching?

  Thanks,

  Jared

  

  Theopolis

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  06/18/2019 at 3:26 PM #100957
  Nicolas

  Sorry but there is no picture attached to your post. Why is it bunching? Did you add it on price? Did you test the one embedded from the platform?

  

  Nicolas

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  06/18/2019 at 11:38 PM #100986
  Theopolis

  Sorry Nic, see attachment this time. See what I mean how it bunches occassonally on certain candle sticks?

  

  Theopolis

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  06/18/2019 at 11:45 PM #100987
  Theopolis

  Argh not sure why it wont let me attach a file. trying again with a pdf.

  

  Theopolis

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  06/19/2019 at 7:20 AM #101000
  Nicolas

  Because VWAP is resetted each day in that case, so its value returns to the first medianprice of the first bar on each new day.

  If you want VWAP of longer period, adjust the calculation period in the settings of the indicator.

  You can also try VWAP of different time horizon such as the weekly, monthly and yearly ones: VWAP Weekly Monthly & Yearly

  

  Nicolas

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  06/21/2019 at 12:32 AM #101123
  Theopolis

  Hi Nic,

  I have tried adjusting the default 60 mins to many other timeframes but it still bunches on the same spot?

  Thanks

  Jared

  

  Theopolis

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  06/21/2019 at 7:48 AM #101129
  Nicolas

  Yes, that’s the nature of VWAP. I think you don’t get how it is calculated? A daily VWAP restart from “0” each new day. It compares the summation of the price to the summation of volumes of the day.

  Attached is a picture of an intraday VWAP applied to a TSLA chart, like in your example.

  

  Nicolas

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