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Ask a Trainer - TC2000 version 12/18
VWAP display on indices
When I plot VWAP on an intraday chart for a stock or ETF, it works as expected. But when I plot it on an index like SPX, because TC2000 does not provide intraday volume, VWAP appears as a line version of price. It's very muddy-looking.
I suppose that's sort of to be expected as well, because VWAP depends on volume. But it makes VWAP useless if one is often switching between indices and securities intraday.
1) Is there a way to display VWAP on intraday charts of indices accurately? Or...
2) is there a calcuation to suppress the display of VWAP entirely when the chart carries no intraday volume? (looks like Edit -> Create Condition might be where this could happen, I guess)
I would prefer #1, of course. But #2 would be OK if it's the only way to deal with this. Otherwise, VWAP—an important intraday indicator—is useless.
As always, thank you very much!
VWAP will just plot as price when there is no volume. I don't know of a way to hide it when there is no volume.