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Date/Time: Thu, 07 Jul 2022 17:20:42 +0000



VWAP and Value Area Disappear

View Count: 1046

[2014-01-27 17:47:14]
User38282 - Posts: 2
I want to change the type of bar I use (intraday) to a renko and still use the chart studies provided by a workspace/template used by Private Banker. I thought I could simply duplicate his charts for globex and RTHs and change the bar type. However; when I change it to a renko, I lose my vwap and value areas (for some days only). I'm not sure what I should do. Is it possible to use his studies and simply change the bar type to a renko without anything else changing?
Thanks for your time and any help you can provide.
[2014-01-27 18:02:15]
Sierra Chart Engineering - Posts: 103700
Really it is hard for us to comment on this unless we actually get the Chartbook ourselves and test it.
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, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-01-27 22:52:25]
User38282 - Posts: 2
Okay, let's forget his studies. Is it possible to create a new renko chart and apply a vwap with standard deviations and a value area. Will that value area be accurate using a renko bar type?
Thanks again for your time and any help you can provide.
[2014-01-27 23:02:41]
Sierra Chart Engineering - Posts: 103700
Do you mean TPO or Volume value area? Volume Value Area should work fine on a Renko chart. Not TPO.

We see no reason why there would be a problem with Volume Weighted Average Price on a Renko chart.

Here is the documentation for Renko Charts:
http://www.sierrachart.com/index.php?l=doc/doc_RenkoCharts.html
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, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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