Hi all, I'm currently using Midas, a slightly different anchored Vwap based on cumulative volume, as dinamyc S/R curve however i was unable to plot correctly the standard deviation bands.
I've tried to use the same formula used on vwap band but after several hours I cannot figured out how to do it properly, so I gave up, the only thing i was able to do it's creating crazy pop-art line.
Someone knows how to do it? @Fat Tails or someone else even if you are using NT do you have some hint for MC?
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If you need a hint, you should look at the existing C# for Ninja and C++ for Sierra where this indicator already exists.
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but I need it for easylanguage, beside there are valid vwap formulas for this language too, I've just tried to paste it but can't understand why doesn't work, after all should be a simple square root of the variance.
This is the part for the stddev
//Start calculation for Standard Deviation
Value1 = 0;
Value2 = 0;
Value3 = 0;
if (Date >= StartCalcDate and Time >= StartTime)
or Date > StartCalcDate
For Value1 = 0 To Count Begin
Value2 = ((UpTicks[Value1]+DownTicks[Value1])/(UpTicks+DownTicks)) * (Square(price1[Value1]-MidasValue));
Value3 = Value3 + Value2;