Comments on: Chart Period VWAP and Standard Deviation Bands

By: Kevin B. Paxson

Kevin B. Paxson — Wed, 28 Sep 2011 20:27:00 +0000

It would be really cool to have a VWAP STD indicator for the lower pane display which ranges between eith -3 to +3 or -4 to +4, as not to “clog up” the price window. Great stuff Eric !!!

By: Alexey

Alexey — Wed, 15 Jun 2011 20:25:02 +0000

Hello. Is it possible to use VWAP standard deviation bands in filter script (custom study filter) on “Scan” tab in TOS? For example scan for prices which near or cross deviation bands.
Thanks for answer.

By: ThinkScripter

ThinkScripter — Sun, 27 Mar 2011 00:25:24 +0000

This study was purposefully designed not to work like the TOS version. That is, rather than replicate an already existing TOS study that works great, I wanted a version that would reflect whatever chart period I chose to plot without modifying the study in any way. The two complement each other rather than supplant each other.
-Eric

By: elof

elof — Sat, 26 Mar 2011 23:50:57 +0000

is it an easy fix to modify this to work like the tos version does ?

for day, week, etc.

thank you

By: Vincent Ciampa

Vincent Ciampa — Thu, 30 Sep 2010 23:59:54 +0000

Hi Eric , I am not a client but I happened to stumble across your website and I would like to take this opportunity to THANK YOU for your DEDICATED SERVICE to our GREAT COUNTRY. Your lifetime achievements are absolutely remarkable. Your parents must be so proud of you. America truly needs more people just like you. Thanks Again

By: ThinkScripter

ThinkScripter — Tue, 27 Jul 2010 17:09:34 +0000

Interesting idea. I’m not sure if it can be done but worth investigating…
-Eric

By: Bob Reinhart

Bob Reinhart — Tue, 27 Jul 2010 14:56:41 +0000

Hello,

Is is it possible to have 2 periods for VWAP (Like a 5000 tick VWAP and a 10,000 tick VWAP)? If so, could each VWAP indicator be plotted on the same graph? Mark Whistler in his book, “Volatility Illuminated”, shows a graph where this is done. He also has the ability to show the standard deviations for each VWAP if desired.

Bob (puddie)

By: ThinkScripter

ThinkScripter — Fri, 09 Apr 2010 16:04:17 +0000

The plot lines do not change after the fact. The TotalSum function is only aware of bars prior to it and hence the study lines will not change as the study is repainted each bar.
-Eric

By: Chris

Chris — Fri, 09 Apr 2010 15:56:38 +0000

Interesting indicator. One of the aspects that I think might be misleading about this indicator is that it repaints since it always takes into account the total sum of the chart values as a new bar is added to the chart. This doesn’t necessarily take away from its ability to provide potentially useful projections for resistance / support but attempting to visually backtest it’s accuracy isn’t possible without actually “stepping back in time”.

Based on my research VWAP variations are typically used on intraday charts, but my intent is to see how it does on the daily charts, as I’m a swing trader.

By: RappidFyre

RappidFyre — Mon, 05 Apr 2010 14:58:42 +0000

Thank you Eric,
Much appreciated.

Peace-
RappidFyre