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custom VWAP drawing tool

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[2020-01-21 18:09:36] #1 [Go To First Post]
User71961 - Posts: 144
i would like to be able to draw a custom VWAP study onto a chart...similar to the Linear Regression tool...point and click to pick a start and end point...and the result is a VWAP line. The user can then edit the properties of the VWAP study for standard items -Standard Deviations Bands (default to 2 like bollinger) -input data (default to all trades volume weighted avg price from underlying data, HL/2, HLC/3, etc..) -Continue/Extend study drawing to the right with new market data (yes/no) My thinking is...when a significant event occurs in the market, i want to measure VWAP from that point and going forward because it creates meaningful retracements and extensions. is this possible? if not, can this be added? Date Time Of Last Edit: 2020-01-23 21:09:19

[2020-01-24 00:18:18] #2 [Go To First Post]
Sierra_Chart Engineering - Posts: 13940
The closest would be to use this drawing tool: Volume By Price Study: Draw Volume Profile Also refer to: Volume By Price Study: Calculating and Displaying Developing Point of Control, Value Area High/Low, Volume Weighted Average Price Lines Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2020-01-24 00:18:34

[2020-01-24 01:23:25] #3 [Go To First Post]
User71961 - Posts: 144
is there a way to include an option for the VBP drawing to continue/extend to the right with new data? Date Time Of Last Edit: 2020-01-24 04:25:25

[2020-01-27 18:41:49] #4 [Go To First Post]
Sierra_Chart Engineering - Posts: 13940
Some of the Volume Graph Period Types do support this. Refer to: https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=141&Name=Volume_by_Price#Settings Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2020-01-28 01:50:05] #5 [Go To First Post]
User71961 - Posts: 144
so i'be been using these VolumeByPrice custom VWAP levels and its been amazing...using the intraday VWAP levels (VBP study drawing starts at the security open) as support/resistance has been off the charts...the only thing i can suggest is to make the VWAP band being visible as a default option, because it works so well. I've made it default on my system...so i'm all set, and i would just suggest that other people do what i did. SierraChart Rocks!!!

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