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VWAP display on indices Rate this Topic:
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Posted : Saturday, November 03, 2018 8:04:29 AM
Gold Customer Gold Customer

Joined: 6/28/2017
Posts: 68

Hi Bruce,

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!

Posted : Saturday, November 03, 2018 10:44:06 AM


Joined: 9/30/2004
Posts: 9,175

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.

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