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Request for a simple indicator!
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Request for a simple indicator!

  #1 (permalink)
Elite Member
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crudeoil
Posts: 16 since May 2015
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Request for a simple indicator!


I have a request for a very simple indicator called Premium-Discount (PD) which is a 1-line formula. Can someone kindly code and help. The simple formula is:

PD = (Close-VWAP)/VWAP


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  #2 (permalink)
Elite Member
Phoenix AZ USA
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
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otftrader View Post

I have a request for a very simple indicator called Premium-Discount (PD) which is a 1-line formula. Can someone kindly code and help. The simple formula is:

PD = (Close-VWAP)/VWAP


This can be done without programming using two native arithmetic studies:
Use the Study Subgraphs Subtract/Difference study to do the (Close-VWAP)
Then use the Study Subgraphs Divide/Ratio study.

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