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Registered User Joined: 1/16/2012 Posts: 10
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Hi, is it possible to use the vwap for a devitation band? Im looking for a standard devitation band for the vwap using the standard deviation of each closing bar to the vwap line. Usually you use a 1, 2 and 3 standard deviation band around the vwap line displayed on a intraday i.e. 5 minute chart.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You can add Bollinger Bands to either the VWAP indicator or the Moving VWAP indicator. The Std Dev setting of the Bollinger Bands would be the multiple standard deviations around a moving average of the VWAP.
It would be possible to create a Custom Indicator which would use the Moving VWAP as the centerline instead of a moving average of the Moving VWAP, but something similar is not possible for the VWAP which is not a Moving VWAP.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 1/16/2012 Posts: 10
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ok. thank you Bruce.
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Registered User Joined: 4/28/2013 Posts: 3
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Hi Bruce,
Is it possible to ask the Worden developers to code VWAP deviation bands? Identifying confluence of the deviation bands with the bollinger bands is a great setup by itself.
Thanks.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Thank you for your suggestion.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/8/2015 Posts: 2
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Hi,
Have the VWAP deviation bands been added to TC2000 yet?
I am just about to sign up for TC2000, but this indicator is crucial for my trades and is currently the only thing that has me still with TOS.
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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VWAP deviation bands have not been added to TC2000 yet.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 9/8/2015 Posts: 1
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Hi.
I too would like the VWAP deviation bands to be added. they got them on ThinkOrSwim but i lik TC2000 more. please add them. pretty please with sugar on top and an 89 dollar a month sub fee!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Thank you for your suggestion.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 12/6/2007 Posts: 1
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Add another subscriber looking for three standard deviations of the VWAP. Is it possible to give a pcf or suggestions to write our own?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There is not a way to create an automated version of this on your own because there is no way to determine the first bar of the day in any sort of Custom PCF Indicator. Nor is there a combination of indicators which could use the Change Data Source feature to create the desired indicator.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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