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need vwap indicator that changes colour on up and downmoves


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need vwap indicator that changes colour on up and downmoves

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  #21 (permalink)
 djkiwi 
Mercer Island WA
 
Experience: Advanced
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Hi Fat Tails, many thanks for posting the ana indicators and all the other stuff you have done. it's been of tremendous benefit.

One thing I've been trying to do for awhile is calculate the slope of the VWAP and incorporate this into my trading. I am able to use Close above or below VWAP line but not slope so wondering if you could point me in the right direction for this.

Thanks
DJ

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  #22 (permalink)
 Fat Tails 
Berlin, Europe
 
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djkiwi View Post
Hi Fat Tails, many thanks for posting the ana indicators and all the other stuff you have done. it's been of tremendous benefit.

One thing I've been trying to do for awhile is calculate the slope of the VWAP and incorporate this into my trading. I am able to use Close above or below VWAP line but not slope so wondering if you could point me in the right direction for this.

Thanks
DJ

There are several arguments against using the slope:

(1) The VWAP is a session related indicator. This means that it jumps when a new session starts. The slope around the session begin therefore has no meaning.

(2) In the beginning of the session even small moves may induce a significant slope, whereas in the second half of the session even large moves will only produce a small slope. So the slope will always be steeper in the beginning of the session and shallow in the end. This has no meaning, because it is just owed to the construction of VWAP as a cumulative measure.

So in my opinion it does not make any sense to use the slope of a VWAP.

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  #23 (permalink)
 djkiwi 
Mercer Island WA
 
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Thanks for saving me the trouble testing this. This is perfectly logical and correct.

Cheers
DJ

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  #24 (permalink)
gurm77
Indonesia
 
 
Posts: 1 since Jan 2013
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Hi pls provide me the the VWAP indicator for metatrader plateform.

Thank you.

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  #25 (permalink)
 Fat Tails 
Berlin, Europe
 
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gurm77 View Post
Hi pls provide me the the VWAP indicator for metatrader plateform.

Thank you.

@gurm77: Selamat tahun baru!

If you google "VWAP" + "MetaTrader" you will find the following link.

Market Statistics (Volume Histogram, VWAP with SD bands) @ Forex Factory

I have not tested the indicator as I do not use MetaTrader.

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  #26 (permalink)
juliotrader
bogotá DC
 
 
Posts: 2 since Aug 2017
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Fat Tails View Post
OK, just added some colours here, the indicator sets values for current bar and previous bar to connect the points...

The indicator you posted is an anchored VWAP - that is the reason that it does not fluctuate. It is anchored at the session begin, if you set the correct session via chart properties.





IT´S NOT WORKING FOR ME

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  #27 (permalink)
juliotrader
bogotá DC
 
 
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anniebee321 View Post
i absolutely adore it fattails - just what i wanted - many thank yous for yr time and effort you spent on this

hi,
How did you install on yout NT7 platform?... It say´s error

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  #28 (permalink)
 Fat Tails 
Berlin, Europe
 
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juliotrader View Post
hi,
How did you install on yout NT7 platform?... It say´s error

You need to be more specific and post the exact error message.

In case that you really tried to download the indicator version from 2010, I would not be astonished that it does not work anymore.

Please download updated VWAP indicators from the download section of the forum.

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