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ndrwum
Posted : Sunday, June 10, 2018 3:58:42 PM
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Joined: 12/7/2017
Posts: 11

How come data doesn't show for VWAP for any of the timeframes except for the ones smaller than daily? I need to see the line for VWAP Daily.

Al_Gorithm
Posted : Sunday, June 10, 2018 7:06:13 PM

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Joined: 6/30/2017
Posts: 1,227

Never used VWAP myself, but if you look it up, it is, by definition, the dollars traded for every transaction (price multiplied by number of shares traded) divided by the total shares traded for the day.

Not saying that Bruce can't hack a VWAP-ish indicator for larger timeframes, but the off-the-shelf VWAP is designed for intraday use.

One option, I suppose, is a PCF for a time-weighted average price (TWAP) that is "fairly accurate" and then multiply this number by the volume traded in the same period to achieve a weighted price. 

But this is beyond my area of expertise. Bruce will be back from sailing his yacht Monday morning and I'm sure he'll come up with something.

Hope this helps. Good luck!

Bruce_L
Posted : Monday, June 11, 2018 8:13:29 AM


Worden Trainer

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

There isn't a way to plot VWAP in a daily time frame based on intraday values in TC2000.

About the best you could do is add a 1-period Moving VWAP indicator.



-Bruce
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ndrwum
Posted : Monday, June 11, 2018 8:22:27 PM
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Joined: 12/7/2017
Posts: 11

ok. thanks. but it's showing for the tc2000 app though which is weird.

Bruce_L
Posted : Tuesday, June 12, 2018 8:36:35 AM


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

There are quite a few things which display differently in the app than in the main program (the app is usually behind the main program in features).



-Bruce
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