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VWAP Scanner


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VWAP Scanner

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  #1 (permalink)
Naperville, IL
 
 
Posts: 3 since Jan 2021
Thanks: 0 given, 1 received

Hi All,

This could be a stupid question, so I apologize in advance if this is not possible - I have a quick request for a VWAP scanner for ThinkOrSwim. I'd like to scan for stocks where the current bar/candlestick is slightly above the VWAP. I'd like to adjust the % amount so I can get stocks with chart setups like below:



Is this possible? I've tried different VWAP scanner setups and they kind of yield results similar to what I'm looking for, but not fully.

Thanks!

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  #2 (permalink)
Naperville, IL
 
 
Posts: 3 since Jan 2021
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Hi,

Wanted to follow up on my previous post - is there anyone that can help with this request? Thanks!

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  #3 (permalink)
Flagstaff AZ/USA
 
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sgtrades19 View Post
Hi,

Wanted to follow up on my previous post - is there anyone that can help with this request? Thanks!

Here's a tos-user site I occasionally look in on, just at a glance a google search led to this thread, maybe relevant, if helps hope you'll return and let us know.
https://usethinkscript.com/threads/vwap-cross-scanner-for-thinkorswim.2116/

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  #4 (permalink)
Naperville, IL
 
 
Posts: 3 since Jan 2021
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Thanks for the quick response, Casey! Unfortunately, I've gone through the solutions on that link and have tested them before but it did not provide me what I was looking for.

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  #5 (permalink)
San Diego, CA
 
Experience: Beginner
Platform: TOS, Sierra
Trading: Emini ES, Crude CL
 
Posts: 26 since Mar 2019
Thanks: 4 given, 16 received

This worked for me, but ends up including a very large result, so you'll likely need to narrow using more criteria. The 1.1 value is 110% of VWAP, so adjust that to the percentage you want.

Jay

 
Code
plot result = close >= (1.1 * reference VWAP("time frame" = "MONTH"));
As a separate study, this will display the values for current chart in a label...
 
Code
def localVWAP = reference VWAP("time frame" = "MONTH");

AddLabel(yes, "VWAP: " + localVWAP +
 " Close: " + close +
 " Diff: " + (close - localVWAP) +
 " Pct: " + AsPercent((close - localVWAP)/localVWAP), Color.CYAN);

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Last Updated on January 18, 2021


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