I think this version will be close to the final version. Have made a few minor changes and fixed a small bug. The indicator is now looks fast and reliable. For use with high resolution charts and to improve speed it is important
-> to use Variance_Distance (default, recommended) or Session_Range setting
-> to set the opacity of the band ranges to 0 (default setting)
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Following suggestion and request of @gtichauer, I have added options to shade the band areas in different fashions.
I have also decided that the VWAP be always calculated from the average price (high + low + open +close)/4 of each bar. The variance for the bands, however, will be calculated from the input, whatever is selected.
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Last edited by Big Mike; June 4th, 2011 at 09:03 PM.
Reason: removed attachment by request
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As always GREAT work and thanks for sharing your time and effort with us asking nothing in return.....hope your trading is doing great....u deserve it...
For anyone using dVWAP or VWAP indicators which do almost the same that this version I HIGHLY encourage u to use this one as it is MUCH MUCH faster to load and I am sure that also impacts positive on CPU process load.....I've personally chacked that with Fat Tails and there is huge difference....
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I have just installed the indicator X4 on my second machine and it produces the same peculiar picture. I had mistakenly posted an unfinished earlier version of the indicator. I will replace it with the correct version, as soon as I am back on my main machine.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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