VWAP Scanner

January 4th, 2021, 02:10 AM

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!

January 17th, 2021, 08:02 PM

Hi,

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

January 17th, 2021, 08:24 PM

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/

January 17th, 2021, 08:34 PM

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.

January 18th, 2021, 12:57 AM

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

Discussion in ThinkOrSwim

VWAP Scanner