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TRO VWAP
Posted: Wed Jun 10, 2009 6:27 pm
by TheRumpledOne
TRO VWAP
TRO_VWAP plots the VOLUME WEIGHT MOVING AVERAGE.
I use the Weighted close price, (high+low+close+close)/4, in the VWAP calculation. That's the way they do it on TradeStation. Of course, it is an input that you can change.
FREE MT4 version TRO_VWAP, including SOURCE CODE, attached.
PLEASE DO NOT POST MY CODE ON OTHER FORUMS.
P.S. Yes, I know it's a SQUIGGLY!!
Posted: Wed Jun 10, 2009 11:14 pm
by pierre23
notice when a candle closes above/below the vwma, it's a decent indication that the next bar is pay day
Posted: Thu Jul 30, 2009 4:13 pm
by razorboy
Posted: Sat Aug 01, 2009 2:38 am
by prochargedmopar
pierre23 wrote:notice when a candle closes above/below the vwma, it's a decent indication that the next bar is pay day
And just thnk if you traded ONLY in direction of slope. Much bigger runs and less false signals.
Posted: Mon Aug 03, 2009 4:04 pm
by sotos
Hi,
Am glad that VWAP is now coded to MT4 ! Just in order to complete it, as per esignal's, will it be possible to code the 2 Standard deviations, so we may use it as per the video's instructions for TP and SL.
Thanking you in advance.
Sotos
Posted: Mon Aug 10, 2009 12:50 pm
by 3xxx
Nice -- lovely
is it the best entry point ?? (for the VWAP value) i.e. if we believe the TREND shall continue -- I use 5Min chart
=====
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Posted: Mon Aug 10, 2009 1:15 pm
by flinux
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Posted: Wed Sep 09, 2009 11:31 am
by foreman01
pierre23 wrote:notice when a candle closes above/below the vwma, it's a decent indication that the next bar is pay day
This looks like a decent system ... at least when there is volume and a trend, and perhaps a larger time frame su ch as 15, 30 or 60 min
Tro_Vwap
Posted: Thu Oct 01, 2009 3:13 pm
by lufkindog
Any way to set up an Alert whenever a candle closes above/below
the Vwap.... Alert on the close of the 1st candle only.
Lufkindog