Hi. Newbie question here.

I'm trying to draw a std deviation channel around the VWAP indicator. Deviation is based on price.

The Channel Width formula is ok, but I can't find out how to draw it around VWAP instead of around price.

What should I use for "Indicator Line Formula"?

Thank you.

We could do this around a Moving VWAP, but not around a plain VWAP.

About the closest thing you can do to this is plot a specified percentage above and below the VWAP (by adding a 1 period envelope channel to the VWAP indicator).

You could add Bollinger Bands to the VWAP, but this would plot the standard deviation of the moving average of VWAP instead of the standard deviation of the VWAP itself.