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Brokers who offer VWMA & VWAP indicators
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Brokers who offer VWMA & VWAP indicators

  #11 (permalink)
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mpaca View Post
Yeah I checked Ninja trader.. That only has the VWAP now the VWMA too. Im not specifically looking for VWAP/ VWMA on any particular platform.. Im looking for it ANYWHERE.

VWAP has nothing to do with a broker.

I can't imagine any trading platform not having a VWAP indicator. So I really don't understand this entire thread. Be more specific as to what you've done or problems you've run into if you need more help.

Mike

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  #12 (permalink)
Trading Apprentice
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Big Mike View Post
VWAP has nothing to do with a broker.

I can't imagine any trading platform not having a VWAP indicator. So I really don't understand this entire thread. Be more specific as to what you've done or problems you've run into if you need more help.

Mike


I understand that the VWAP/VWMA indicators are platform related.. However, I cant find a platform AT ALL that offers these two indicators. Hence, I was looking for a 'broker' who has a platform that offers these indicators. If you know of some then please fire away.

I have downloaded so many individual platforms i.e. GFT DealBook, avatrader, PLUS500, Colmex, SaxoTrader and not one of these has a VWAP let alone both indicators!

The only place that I can find these two indicators is tradingview.com but this is charting software.. I want a trading platform so my execution is quicker i.e. i dont have to flick between screens.

Hope its clearer now.

Thanks

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  #13 (permalink)
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mpaca View Post
I understand that the VWAP/VWMA indicators are platform related.. However, I cant find a platform AT ALL that offers these two indicators. Hence, I was looking for a 'broker' who has a platform that offers these indicators. If you know of some then please fire away.

I have downloaded so many individual platforms i.e. GFT DealBook, avatrader, PLUS500, Colmex, SaxoTrader and not one of these has a VWAP let alone both indicators!

The only place that I can find these two indicators is tradingview.com but this is charting software.. I want a trading platform so my execution is quicker i.e. i dont have to flick between screens.

Hope its clearer now.

Thanks

I've never heard of any of those platforms. I realize now you are trading forex. Forex doesn't have centralized volume. Without centralized volume, you can't use a volume study like VWAP.

TradeStation, NinjaTrader, Sierra Chart, Investor/RT, MarketDelta, T4, X_Trader, OEC, CQG, ThinkOrSwim, etc etc list goes on --- all of those would have VWAP. Of course you would apply it to a centralized market like equities or futures, not forex.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #14 (permalink)
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Big Mike View Post
I've never heard of any of those platforms. I realize now you are trading forex. Forex doesn't have centralized volume. Without centralized volume, you can't use a volume study like VWAP.

TradeStation, NinjaTrader, Sierra Chart, Investor/RT, MarketDelta, T4, X_Trader, OEC, CQG, ThinkOrSwim, etc etc list goes on --- all of those would have VWAP. Of course you would apply it to a centralized market like equities or futures, not forex.

Mike


There are some FOREX data feeds that come with volume. It is also possible to build a VWAP from tick volume, which can be used as a proxy for real volume.

Attached is a daily chart for EURUSD with daily volume. The chart uses Tenfore composite data, which is an agglomerated datafeed from a number of regional banks.

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  #15 (permalink)
Market Wizard
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Fat Tails View Post
There are some FOREX data feeds that come with volume. It is also possible to build a VWAP from tick volume, which can be used as a proxy for real volume.

Attached is a daily chart for EURUSD with daily volume. The chart uses Tenfore composite data, which is an agglomerated datafeed from a number of regional banks.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

But these volumes are limited to one liquidity or several liquidity providers? So the scope would be rather limited(?)
Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #16 (permalink)
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mattz View Post
But these volumes are limited to one liquidity or several liquidity providers? So the scope would be rather limited(?)
Matt

I think if you use Tenfore or FXCM it could be considered reliable/dependable because of the scope, but I wouldn't use an individual broker. You can select the source of the data with IQFeed, not sure about other data feeds.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #17 (permalink)
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6E vs EURUSD

How close does 6E follow EURUSD?

Could you trade EURUSD using 6E charts?

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  #18 (permalink)
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tturner86 View Post
How close does 6E follow EURUSD?

Could you trade EURUSD using 6E charts?

Yes.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #19 (permalink)
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mpaca View Post
I understand that the VWAP/VWMA indicators are platform related.. However, I cant find a platform AT ALL that offers these two indicators. Hence, I was looking for a 'broker' who has a platform that offers these indicators. If you know of some then please fire away.

I have downloaded so many individual platforms i.e. GFT DealBook, avatrader, PLUS500, Colmex, SaxoTrader and not one of these has a VWAP let alone both indicators!

The only place that I can find these two indicators is tradingview.com but this is charting software..

I have used/tried about half of the software packages you have listed above, and the reason they don't have a VWAP indicator is because as trading and charting software, they frankly suck. They are all free, and free for a reason. While I think most of them may actually have a volume indicator, I'll venture to guess there is no VWAP indicator because the target audience they are aimed at doesn't know enough to have one written, plus there could be some technical reasons (due to the software's limitations) that a proper VWAP cannot be written (ie., inability to distinguish per instrument when it's official trading 'day' starts)

I spent a bit more time looking for a MT4 VWAP indicator for you. I know MT4 quite well. While there are seemingly many out there, I'm incredulously surprised that not one has as part of it's indicator settings the ability for you to select at what time (based on the software's clock) to have the daily VWAP calculation start: this is important because MT4 (and some of the other software you listed above) will have it's own internal clock, while there is an official opening time that differs for currencies, indexes, commodities, etc. The inability to set this time will give incorrect VWAP readings. Also, the fact that the brokers who offer those freebie packages you downloaded have different instrument opening times - which do not line up with their proper "root" or globally accepted opening times, means even if you wrote or obtained a "proper" VWAP indicator, you will be missing data, and thus your VWAP values will be off. And the third thing that comes to mind is that the actual volume they push to you will be quite different from the underlying commodity/stock index/currency future that you think you are following, and thus again, the VWAP will be off. Throw in the fact that most of those software packages are trading CFDs, and thus displaying it's own (mutant) form of volume, and you basically don't know what you're getting.

@Big Mike has given you some great options in post #13. All can be tied to a broker, so that you get the "all in one" charting and trading you are looking for. Thinkorswim, Sierra, and Ninjatrader are probably among your best bets. And, the accuracy of the (many) VWAP indicators offered within all of them are reassuringly fantastic. In terms of test driving them before you commit money to a broker, I believe thinkorswim allows an indefinite demo, though on a 20min delay, and, there are many brokers that offer 7-14 day trials with NinjaTrader. With Ninja you can also use it indefinitely to download L1 and L2 data for many of the major instruments, and "test drive" it that way.

The other thing I'd caution on is not to hang your hat on VWAP. It's no holy grail, and works very differently much of the time, due to context, news, instrument, time of day, and a whole host of other things. In brief, get yourself a robust charting package, that will be able to grow with you and your trading progression, as you refine and discover your edge, and you'll more than likely discover other "indicators" and approaches are more important.

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  #20 (permalink)
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mattz View Post
But these volumes are limited to one liquidity or several liquidity providers? So the scope would be rather limited(?)
Matt

@mattz: The "COMP" (composite) feed from Tenfore is the aggregate volume of different electronic FOREX networks operated by banks. Tenfore also offers individual bank quotes such as

EURUSD.ABBA ABBA EUR USD Spot
EURUSD.AIBK AIBK EUR USD Spot
EURUSD.AZML AZML EUR USD Spot
EURUSD.COMP COMP EUR USD Spot
EURUSD.DNOB DNOB EUR USD Spot
EURUSD.DRES DRES EUR USD Spot
EURUSD.DSTI DSTI EUR USD Spot
EURUSD.ECBF ECBF EUR USD Spot
EURUSD.EFXG EFXG EUR USD Spot
EURUSD.MIGF MIGF EUR USD Spot
EURUSD.MRIT MRIT EUR USD Spot
EURUSD.NORD NORD EUR USD Spot
EURUSD.RADA RADA EUR USD Spot
EURUSD.RTFX RTFX EUR USD Spot
EURUSD.SAXO SAXO EUR USD Spot
EURUSD.TUBD TUBD EUR USD Spot
EURUSD.UBSW UBSW EUR USD Spot
EURUSD.WBLT WBLT EUR USD Spot

The composite datafeed gives a more accurate picture of the overall market. However, it does not show the liquidity of the ECN which you use for trading FOREX.

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