CandleVolume is already available directly in the platform as a customized price style in the platform.
Hi @Nicolas
Was it done any indicator out of this? The aspect slope looks still looks really intresting!
I have the indicator as a Tradestation and TOS import file if this could help. But not the clean code.
/
As per the description of the shared code: “distance relative to VWAP, expressed in standard deviations”, so it is the Z-score of VWAP, other indicator made upon this:
Z-Score Distance From VWAP
Okey,
The original aspect slope have even a slope measure buildt in this description at there homepage.
“Measure and monitor the slope of intraday VWAP to gauge the intensity of price moves in either direction.
Aspect is first and foremost a confirmation tool, which we’ve incorporated into our approach to help assess the quality of potential setups (and likelihood of continuation) as they develop.”
Adjustable lookback period for slope calculation
Multiple different display styles
Sensitivity presets for different market types
Customizable sensitivity input for full user control
DevWidth and Position (Z-Score) modes on TOS and TV
Is this something that is possible to make without the original code?
This is more or less what you can do with the code shared in this post:
https://www.prorealcode.com/topic/vwap-aspect-slope-indicator-request/#post-54277
change the “p” settings for “Adjustable lookback period for slope calculation”
modify the “Slopelength” and “coefficient” settings (in the code) for “Customizable sensitivity input for full user control”
coefficient appropriate settings:
Small_Cap:
coefficient = 5;
ETF_or_Index:
coefficient = 3;
Futures:
coefficient = 2;
I managed to code something else, but without nice colors and levels displayed though, here it is:
// VWAP Slope Aspect Indicator
// Description: Measures and monitors the slope of intraday VWAP to gauge the intensity of price moves
// Input parameters
LOOKBACKPERIOD = 20 // Lookback period for slope calculation
DISPLAYSTYLE = 1 // Display Style (1: Line, 2: Histogram, 3: Dots)
SENSITIVITYPRESET = 2 // Sensitivity Preset (1: Low, 2: Medium, 3: High)
CUSTOMSENSITIVITY = 10 // Custom Sensitivity (1-100)
MODE = 1 // Mode (1: DevWidth, 2: Position/Z-Score)
// Calculate VWAP
d=max(1,intradaybarindex)
vwap = SUMMATION[d](volume*typicalprice)/SUMMATION[d](volume)
// Calculate slope of VWAP
slope = LinearRegressionSlope[LOOKBACKPERIOD](vwap)
// Set sensitivity based on preset or custom input
IF SENSITIVITYPRESET = 1 THEN
sensitivity = 5
ELSIF SENSITIVITYPRESET = 2 THEN
sensitivity = 10
ELSIF SENSITIVITYPRESET = 3 THEN
sensitivity = 20
ELSE
sensitivity = CUSTOMSENSITIVITY
ENDIF
// Calculate Aspect based on mode
IF MODE = 1 THEN // DevWidth mode
aspect = slope * sensitivity
ELSE // Position/Z-Score mode
aspect = (slope - AVERAGE[LOOKBACKPERIOD](slope)) / STD[LOOKBACKPERIOD](slope) * sensitivity
ENDIF
return aspect style(histogram)
Thank you Mr.
@Nicolas !
You and your team doing a great work.
Best regards.
