Hello Traders, anyone know of a good VWAP indicator with standard deviation bands?
Thanks.
Re: VWAP Indicator
Posted: Sun Dec 13, 2020 6:10 pm
by Fxxtrader
Hello - I found 2 Vwap indicator with bands which seem useful.
VWAP Stdev Bands v2 Mod, author TheYangGuizi
TheVwap - Intraday, author TheVWAP
Now, I need to study and test which standard deviation values are optimal.
The goal is to learn how to edit the code for my customization and expanding to the tool.
Thanks.
Re: VWAP Indicator
Posted: Fri Jan 15, 2021 7:33 am
by Matthew
That's great! Good work finding some reference scripts, that's half the battle when it comes to taking on challenges like this in Pine Script.
Unfortunately I'm not very experienced with using VWAP as it's somewhat useless in the forex markets which is my main focus, but good luck with your project and please share your work with us when you finish it :) I'd love to see it!
Re: VWAP Indicator
Posted: Fri Jan 15, 2021 4:10 pm
by Fxxtrader
Hi -
I am still learning how to use the Vwap bands, not seeing yet how to read its insights. Same with your Cumulative Volume Indicator. Through testing, I put these 2 indicators together, saw this, but could not interpret the information for a timely entry - long or short.
What is the correct way to upload an image in a post?
Plan to spend more time studying both together. It's a balancing act between learning to code and backtesting trading strategies.
Take care.
Re: VWAP Indicator
Posted: Sat Jan 16, 2021 1:12 am
by Jade
Hi Fxxtrader! Sorry I can't comment on your indicators, but you can add images to your posts by using the image tag (as long as the image file ends in .jpg or .png):
If you're adding an image link, you'll need to use the URL tag instead: