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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

  #1 (permalink)
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need vwap indicator that changes colour on up and downmoves

has anybody got vwap indicator that changes colour to red on downmove and green on upmove that they do not mind sharing?
pretty please

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  #3 (permalink)
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I am only using an anchored VWAP of the current session. The anchor is the session start. For this type of VWAP you do not need colouring for two reasons

- as no value drops out at the beginning it always follows price, so it is up, if price is above and it is down if price is below the current day's VWAP, and any colour would be redundant
- it acts as support and resistance and rarely would change the colour

So may I assume that you want to colour a VWAP with a fixed period? This can be done in a few minutes by setting the Plot Colors. To do this, I would need to know

- whether you use NT 7.0. or NT 6.5. (the code will be different)
- which VWAP you want to colour
- whether you want to set the colours via indicator dialogue


anniebee321 View Post
has anybody got vwap indicator that changes colour to red on downmove and green on upmove that they do not mind sharing?
pretty please


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  #4 (permalink)
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this is the indicator would like modified if anybody has the time and know how to do it

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Register to download File Type: zip VWAP.zip (5.0 KB, 79 views)
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This is an anchored VWAP for NT 6.5., which requires that you set the appropriate chart session under chart porperties. It has the property that

- it moves up when price closes above VWAP
- it moves down when price closes below VWAP

So it would change colours every time price (close) crosses above or below VWAP.

If I take the example of last Friday for ES - see chart below - the colours would change 8 times (green for up, red for down)

(1) red->green->red->green
(2) green->red
(3) red->green-> red
(4) red-> green
(5) green-> red->green->red
(6) red->green->red
(7) red> green
(8) green->red

The colour would change quite often.

If you smooth the VWAP with a period of 3 (see red line on chart) this would filter the 1 or 2 closes above or below VWAP that may occur during a reversal, and you would get fewer false signals. What do you think?

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need vwap indicator that changes colour on up and downmoves-es-06-10-28_05_2010-10-min-.jpg  

Last edited by Fat Tails; May 29th, 2010 at 04:33 PM.
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  #6 (permalink)
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the vwap i posted is probably safer than the ''anchored vwap" because it does not fluctuate very easily which is what i like about it -- so a change in colour of the original vwap to green as it goes up and red as it goes down is still more desirable but
thanks for yr help fat tails....

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Answer
This post has been selected as an answer to the original posters question Answer

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.

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Register to download File Type: zip VWAPcoloured.zip (5.1 KB, 210 views)
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i absolutely adore it fattails - just what i wanted - many thank yous for yr time and effort you spent on this

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  #9 (permalink)
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Hi Fat Tails,

Mike has contacted me and highlighted the indicator posted here:

https://futures.io/platforms-indicators/3916-need-vwap-volume-weighted-average-p...downmoves.html#post42921

as something He would like put the Downloads section.

Currently BM&TheMods have agreed members can leave everything in threads posted, but it would be easier to search if a copy also resided in downloads with a link back to the thread.

Eventually we would like to clean up older versions from threads but that is a decision left entirely to the thread participants.

Would you be willing to post this indicator in downloads?

PM me if you need any help at all.

Andy

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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Hi ZTR,

have done this quickly. I have not put this to the download section for several reasons

- it is now a repainting indicator, as it repaints the value one bar ago, so I still would need to adapt it to the plotstyle -> see thread by Big Mike
- I believe that the colouring for an anchored VWAP is unnecessary, as it is easy to recognize whether price trades abobe or below the line
- that the author who coded the original indicator should approve the modification, otherwise we would have 10 competing versions of each indicator

The indicator download sections of many forums are already polluted with useless stuff, which only makes it more difficult to find the really useful indicators.

I am not oppsed though, if anybody wants to add this to the downloads.

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