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Does any platform have PVP indicator?
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Created: by ALC77 Attachments:4

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Does any platform have PVP indicator?

  #21 (permalink)
Elite Member
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Silvester17 View Post
not difficult to create with ninja trader.:

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but I would have a hard time to follow the logic. I assume the scenario is, if vwap is above pvp, we have a long bias. and if vwap is below pvp, we have a short bias. looking at the chart (last 3 days), I'm not so sure it would have been a successful strategy.

anyway, @Fat Tails made a great post about this idea:

https://futures.io/ninjatrader/26552-simple-vwap-volume-weighted-average-price-indicator-3.html#post370474

The strategy uses VWAP with 1 and 2 ST bands and he used a 2 min chart.

The logic:
  • Long entry = VWAP > PVP and price action above VWAP.
  • Short entry = VWAP < PVP and price action below VWAP.
  • No trade = VWAP approx. at PVP

I figured @Fat Tails or someone on FIO had been through this material before, but I hadn't been able to find it up to this point. Thank you for pointing that out to me.

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  #22 (permalink)
Market Wizard
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bathrobe View Post
It was similar to that, if not exactly that. The strategy also used weekly and monthly VWAPs and standard deviations on all of them for add in points if you are comfy with that.

I'm very comfy with that

here are monthly vwap and pvp. still having a hard time with that logic

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ALC77 View Post
The strategy uses VWAP with 1 and 2 ST bands and he used a 2 min chart.

The logic:
  • Long entry = VWAP > PVP and price action above VWAP.
  • Short entry = VWAP < PVP and price action below VWAP.
  • No trade = VWAP approx. at PVP

I figured @Fat Tails or someone on FIO had been through this material before, but I hadn't been able to find it up to this point. Thank you for pointing that out to me.

that should look like this:

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  #23 (permalink)
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Silvester17 View Post
I'm very comfy with that

here are monthly vwap and pvp. still having a hard time with that logic

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that should look like this:

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Where can I get the GomMPPro 5.3 that you have on the charts that you posted?

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  #24 (permalink)
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bathrobe View Post
It was similar to that, if not exactly that. The strategy also used weekly and monthly VWAPs and standard deviations on all of them for add in points if you are comfy with that.

It sounds like you've tried the strategy / logic before. Can I ask what your thoughts and experiences were?


Last edited by ALC77; April 17th, 2017 at 10:59 AM. Reason: add a question
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  #25 (permalink)
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Well I coded it up years ago and it was roughly flat over a 1 month period running automated on a sim. I think it could be good but I just trade in a different way. I was trying it as an automated strategy only though.

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  #26 (permalink)
Market Wizard
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ALC77 View Post
Where can I get the GomMPPro 5.3 that you have on the charts that you posted?

the GomMPPro indicator is by @gomi:

https://www.gomicators.com/

and if interested, the vwap indicator is by @devdas:

https://www.edevaay.com/tool-box/drawcator-vwap/

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  #27 (permalink)
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dakine View Post
Almost all do. PVP can also be described as Volume POC (Point of Control).

@dakine I found some stuff here from a few years ago that you posted about Jperl's Market Stats stuff. Do you or have you used the Jperl stuff?

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  #28 (permalink)
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Yes, I still use those concepts in my trading. Mainly entering the market at vwap or sd1's and taking short term targets at sd1 sd2 sd3. Skew I have a little issue with as he gives different trades different weights, I weight all trades the same. It is not a holy grail system but it has helped me.

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