VWAP Scanner

sgtrades19 · (login for full post details)

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!

sgtrades19 · (login for full post details)

Hi,

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

casey44 · (login for full post details)

sgtrades19

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/

sgtrades19 · (login for full post details)

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.

JayC · (login for full post details)

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);

VWAP Scanner

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