Does anyone know why the default Time inputs in the VWAP indicator are set as follows?
Time1 0900
Time2 0930
Time3 1129
Time4 1315
Time5 1415
Thank you
VWAP Indicator
- TJ
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Re: VWAP Indicator
Which vwap indicator you are referring to? There are various versions floating on the web.Does anyone know why the default Time inputs in the VWAP indicator are set as follows?
Time1 0900
Time2 0930
Time3 1129
Time4 1315
Time5 1415
Thank you
Please always include a link, or copy and paste the code here, so that we are on the same page and talking about the same thing.
ps. how to post codes:
viewtopic.php?f=16&t=11713
Re: VWAP Indicator
Hi TJ
thanks for the quick reply.
I am talking about the one that is included in the Multichart Indicators Library
That is the only one I have. Here is the code
thanks for the quick reply.
I am talking about the one that is included in the Multichart Indicators Library
That is the only one I have. Here is the code
Code: Select all
input:
Price(AvgPrice),
LocalHrsOffset(0),
time1(0900),
time2(0930),
time3(1129),
time4(1315),
time5(1415),
upColor(Cyan),
dnColor(Magenta);
var:
var0(0);
var0 = VWAPResettable(Price,LocalHrsOffset,time1,time2,time3,time4,time5);
plot1(var0,"vwap_reset");
var: var1(yellow);
if var0 > var0[1] then var1 = upColor;
if var0 < var0[1] then var1 = dnColor;
SetPlotColor(1,var1);
- TJ
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Re: VWAP Indicator
1. please see link on how to post codes.
2. You can change the time to anything you want. It is an input variable, you can plug in whatever number you feel is suitable for you.
2. You can change the time to anything you want. It is an input variable, you can plug in whatever number you feel is suitable for you.
Re: VWAP Indicator
Sorry to ask you again but If I am trading from 7AM to 1PM for example, would those inputs that start at 9 am still be useful? I am trying to understand the relations between a user trading time preferences and the Vwap inputs. Whoever wrote the codes must have had a reason why he/she used those Time inputs obviously.
Also, the difference between the first 2 is 30Mins, between 2 and 3 is 1hr and 59mins, between 3 and 4 is 1hr and 46 minutes and between 4 and 5 is 1Hr.
This is what is confusing to a newbie like myself.
Thanks TJ
Also, the difference between the first 2 is 30Mins, between 2 and 3 is 1hr and 59mins, between 3 and 4 is 1hr and 46 minutes and between 4 and 5 is 1Hr.
This is what is confusing to a newbie like myself.
Thanks TJ
- TJ
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Re: VWAP Indicator
I don't know where you got the code, you have to ask the author. Proper VWAP analysis is from day to day. It makes no sense to break down the VW intraday.Sorry to ask you again but If I am trading from 7AM to 1PM for example, would those inputs that start at 9 am still be useful? I am trying to understand the relations between a user trading time preferences and the Vwap inputs. Whoever wrote the codes must have had a reason why he/she used those Time inputs obviously.
Also, the difference between the first 2 is 30Mins, between 2 and 3 is 1hr and 59mins, between 3 and 4 is 1hr and 46 minutes and between 4 and 5 is 1Hr.
This is what is confusing to a newbie like myself.
Thanks TJ
You can try out different times to see the effect; that's what MultiCharts is for -- empowering the user to create their own analysis. You can modify any indicators with the user programmable easy to use EasyLanguage.
I would suggest you to try out different time values, make screenshots of the charts, then do a detailed visual comparison for trading signals. You might find something useful that others have overlooked.
YMMV
- TJ
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Re: VWAP Indicator
I did not have it on mine; maybe they are included in the latest build.Thanks TJ
The code is from Multichart Power Language library by the way.
Indicators section, fifth from the bottom.
You can do a google search, there are lots of write up on the web.
- arnie
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Re: VWAP Indicator
As far as I remember that study is in MC a couple of years now.I did not have it on mine; maybe they are included in the latest build.
You can do a google search, there are lots of write up on the web.
Which build are you working on TJ?
6.0?
I would love to know what was the intention when that study was created.
Anyway...
ACMilan
Check this one:
http://www.tradersxchange.com/viewtopic.php?f=51&t=538
- TJ
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Re: VWAP Indicator
Ok found it. The indicator name is VWAP_Reset.As far as I remember that study is in MC a couple of years now.I did not have it on mine; maybe they are included in the latest build.
You can do a google search, there are lots of write up on the web.
Which build are you working on TJ?
6.0?
I would love to know what was the intention when that study was created.
Anyway...
ACMilan
Check this one:
http://www.tradersxchange.com/viewtopic.php?f=51&t=538
ACMilan enquired the VWAP indicator (without the Reset), that's why I overlooked it.
- TJ
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Re: VWAP Indicator
Here are some previous discussions; you might find them useful.Sorry to ask you again but If I am trading from 7AM to 1PM for example, would those inputs that start at 9 am still be useful? I am trying to understand the relations between a user trading time preferences and the Vwap inputs. Whoever wrote the codes must have had a reason why he/she used those Time inputs obviously.
Also, the difference between the first 2 is 30Mins, between 2 and 3 is 1hr and 59mins, between 3 and 4 is 1hr and 46 minutes and between 4 and 5 is 1Hr.
This is what is confusing to a newbie like myself.
Thanks TJ
viewtopic.php?t=5640