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need vwap indicator that changes colour on up and downmoves
(1) Will modify the code only to repaint for plotstyle line (cannot do this now, because NT 6.5. is not installed on my notebook.
(2) Could then contact author of the code to publish the modified version.
(3) There are also indicators in the download section, which I coded and cannot update, LOL.
if you think about it, you will find out the following: When a candle closes above VWAP the new price added is higher than VWAP one candle ago, so the VWAP will be increased.
For an anchored VWAP the two conditions are identical! And your VWAP is an anchored VWAP, which means calculation of volume weighted average price starts somewhere and no values are dropping out, when new values are added.
Glad you like the monkey, found it somewhere on the web. I think it is a relative of Mr. Adam Monk
In the four years since Mr. Monk has chaired and inspired this contest, his stocks have posted annual returns of 37 percent, 36 percent, 3 percent and, in 2006, 36 percent, beating the major indexes every time. It's proof that you don't have to be an insider CEO, an insider hedge-fund manager or a loudmouth on CNBC to make money in the market.
Exported using NT Version 7.0.1000.26
Indicator will only run on NT 7.0.1000.5 or later
The indicator displays the Volume Weighted Average Price of the selected session. It can be used on all types of charts.
You can apply the indicators to …
And your VWAP is an anchored VWAP, which means calculation of 