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Request - Anchored VWAP - Displaced bands + SD bands Rate this Topic:
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omrangassan
Posted : Wednesday, December 6, 2017 3:40:04 PM
Registered User
Joined: 9/6/2012
Posts: 17

hi bruce

TC2000 offer anchored VWAP which is amazing.

 

I'm looking for 2 upgrade to be done on Anchored VWAP itself :

1- Show Displacement Channels (upper bands + lower bands) shifted up/down above/below VWAP by a distant x which i can play with ?

 

2- Show Standard Deviation Bands around Anvhored VWAP with SD(x) above/below VWAP ?

 

 

There are some ideas that can be done for Anchored VWAP in this link

http://www.midasexplorer.com/extensions.html

plz check the link - it has good ideas to adapt into TC2000 using Anchored VWAP such as: Calibrated Curves / Displacement Channels / Standard Deviation Bands / Average Curves / Delta Curves.

 

It will be great if you can help me to do similar things in TC2000.

 

Thanx Bruce

Bruce_L
Posted : Wednesday, December 6, 2017 3:45:55 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Thank you for your suggestions.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
omrangassan
Posted : Wednesday, December 6, 2017 3:57:39 PM
Registered User
Joined: 9/6/2012
Posts: 17

Is it possible to apply them with current TC2000 ? i.e. the VWAP indicator not the Anchored VWAP ?

Bruce_L
Posted : Wednesday, December 6, 2017 4:24:00 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

If you mean the plain VWAP indicator without a period which resets itself at the start of each trading day, you can do 1 with bands being a percentage above or below the bands but not as a net difference or using multiples of standard devation as you want to do in 2.

Add a 1 period Envelope Channel to the VWAP indicator and set the Width (%) indicator to the desired percentage.

If you mean the Moving VWAP indicator with a period, the above technique works for percent bands, but you can also add and subtract a fixed value or multiple of standard deviation.

Moving Volume Weighted Average Price (MVWAP)

So let's say you wanted to plot bands adding and subtracting 10 to a 20 period Moving VWAP using Custom PCF Channel Indicators.

- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Width Multiplier: 10.00
- Indicator Line Formula: AVG((O + H + L + C) * V, 20) / 4 / AVGV20
- Channel Width Formula: 1

Or you wanted to plot bands adding and subtracting 2 standard devations to a 20 period Moving VWAP using Custom PCF Channel Indicators.

- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Width Multiplier: 2.00
- Indicator Line Formula: AVG((O + H + L + C) * V, 20) / 4 / AVGV20
- Channel Width Formula: STDDEV20


-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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