VWAP Aspect Slope Indicator request

• 11/30/2017 at 12:10 PM #54418
  Nicolas

  CandleVolume is already available directly in the platform as a customized price style in the platform. 

  

  Nicolas

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  09/09/2024 at 6:19 PM #237424
  Bogren

  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.

  /

  

  Bogren

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  09/10/2024 at 7:58 AM #237432
  Nicolas

  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

  

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  09/10/2024 at 10:02 AM #237445
  Bogren

  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?

  

  Bogren

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  09/10/2024 at 1:50 PM #237464
  Nicolas

  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;

  

  Nicolas

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  09/10/2024 at 1:52 PM #237465
  Nicolas

  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)

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  // 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)

   

  

  Nicolas

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  09/12/2024 at 1:56 PM #237527
  Bogren

  Thank you Mr. @Nicolas !

  You and your team doing a great work.

  Best regards.

  

  Bogren

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