Support Board
Support Board
Search Board
Control Panel
View My Posts / Threads
Direct MessagesDate/Time: Fri, 03 May 2024 09:43:08 +0000
Drawn Volume by Price Study: use H or L for vwap calculation
View Count: 1889
| [2021-01-22 01:34:22] |
| User234172 - Posts: 44 |
|
Please consider this small additional feature. I would like to start planning my return to Sierra Chart, but this is stopping me. For drawn Volume by Price Study, allow the High or Low to be used to calculate vwap. This change to the study can only be made by Sierra staff. It cant be done with a custom study - others have tried to pay 3rd party coders deliver a solution, and it cant be done. |
| [2021-01-22 02:02:43] |
| |
|
This does not make sense. The Volume Weighted Average Price calculation is based upon individual trades within the chart bars. This will not change. We do not even know the relevancy of the bar high or low or even how that would be used. We have never heard of such a request. Anyway it is not something we can do. Whatever it is. The way it is calculated now delivers 100% accuracy. 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 Date Time Of Last Edit: 2021-01-22 02:03:03
|
| [2021-01-22 02:38:42] |
| User234172 - Posts: 44 |
|
You already allow High and Low input data for the VWAP Study, and the Study calculation changes accordingly, and performs perfectly as expected. See image. All I am politely asking as a potential return customer is that the same input values be allowed for the VWAP that is part of the drawn Volume by price Study. |
Attachment Deleted.  VWAP Study Settings.png / V - Attached On 2021-01-22 02:34:47 UTC - Size: 44.59 KB - 309 views |
| [2021-01-22 02:51:03] |
| |
|
That Input is not used when using the underlying data. The Volume by Price study always uses the underlying data. Anyway your request is just far too involved, for us to be supporting. It is not something we would add. 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 |
| [2021-01-22 04:29:27] |
| User234172 - Posts: 44 |
|
Ok. The Sierra Chart drawn VbP tool, with volume profile hidden, is the only method I know across many platforms which allows a click-and-draw vwap, with both a start date/time and end date/time, to be very quickly generated. And then quickly click-drag edited on the fly. It is the only solution for that on the market. Maybe once more people realize this, additional input data enhancements will be worthwhile. I first traded with anchored VWAP calculated using the High or Low as the input in 1997 (per work by Paul Levine, 1995). |
| [2021-03-18 00:30:30] |
| User311677 - Posts: 16 |
|
drawn VbP tool, with volume profile hidden,
It is also How I use this tool. I would like to see the VWAP duplicated to High and Low of the Candle for they work very well as a channel and S/R if you know how to read them. The Offset and the percentage method calculation that VWAP Indicator uses are also usefull. I hope Sierra supports it soon, as well as Mouse Anchor their VWAP Indicator. |
| VWAP needed.png / V - Attached On 2021-03-18 00:30:19 UTC - Size: 54.62 KB - 325 views |
| [2021-03-18 01:19:11] |
| User234172 - Posts: 44 |
|
Using the drawn VbP tool with only vwap showing was for me a very powerful "hack" in creating the best click and drag anchored VWAP on the market. You can click and drag both start point and end point. It is a bit fiddly to click and grab the invisible "handle" but it works so well. Except for the limited calculation methods as you and I have noted. The big winner of this method was being able to click and drag the VWAP end date. Right now, tradingView has probably the most usable anchored VWAP drawing tool available on the widest range of markets. It's pretty good. But it comes with TV limitations. With the requested changes, SC could blow them away in this niche area. I note that TV is about to launch integration with Interactive Brokers - they are starting to take themselves seriously. I swing trade aVWAP on daily bars and simply make money, month after month. Used a spreadsheet to calc my first anchored vwap back in 1997. ps, if you are into aVWAP, and heard that it "cant be done on FX" - it can. Try Oanda on TradingView - has implied Volume data, works great. Also has trailing stop losses. Sierra Chart offers LMAX FX with implied volume and far more complex order management. All that is missing is High and Low anchored vwap input parameters as requested. |
| [2021-03-18 01:31:36] |
| User311677 - Posts: 16 |
|
I also love this "hack" and also have been using Trading View for the VWAP Channel and Sierra for trading, as a scalper, it would be better to see everything in one platform. Used a spreadsheet to calc my first anchored vwap back in 1997.
This is amazing! Really nice!I don't use aVWAP daily, only intraday for short moves. Thanks for that "ps". Date Time Of Last Edit: 2021-03-18 01:32:45
|
| [2021-03-25 13:42:07] |
| User234172 - Posts: 44 |
|
@User3116677, take a good look at Quantower: - aVWAP using High, Low etc - click to draw - click-drag to move start and end - wide connectivity: brokers, data feeds. Oanda through to AMP/CQG. Lots of crypto. - DOM, historical depth etc I connected to trading accounts without an issue. It took less than a few minutes. Date Time Of Last Edit: 2021-03-25 13:58:48
|
| [2021-03-29 16:38:34] |
| User158665 - Posts: 44 |
|
So while Sierra does not improve the VWAP inside Volume by Price (which I hope they do) I have made available a BetterVWAP indicator (in my opinion) that I hope will help someone. I have posted it here: User Contributed Studies (if they want to put it under User Contributed Studies, or if someone needs it) https://futures.io/sierra-chart/56899-better-anchored-vwap-volume-weighted-average-price.html#post838140 Date Time Of Last Edit: 2021-03-29 16:41:11
|
| [2021-03-30 01:37:50] |
| User234172 - Posts: 44 |
|
Thank you. I also took the free market approach and asked a 3rd party to customize the VWAP within the VbP tool, but the source code is not available. How to Build an Advanced Custom Study from Source Code: Source Code for Some Built in Studies Not Available Your "Better aVWAP" Study is good. But I cant find how to add multiple anchored VWAPs. Adding a new vwap from right mouse click just moves the existing one to a new anchor. I guess multiple instances of the same study could be used. But that gets messy. I think this is why some platforms implement aVWAP as a drawing object rather than a Study/Indicator: so you can have multiple instances of one drawing type (just like you can for a trendline, for example). What is the difference between "DW" and "UP"? I may pursue further paid dev of your code to include an end date/time option. And clickable draggable handles for the start and end nodes (probably impossible unless it is implemented as a Drawing object, which takes us back to the start of this dilemma - it already exists in the VbP, but with limited input data options, and not available to 3rd party coders for customization). Date Time Of Last Edit: 2021-03-30 01:39:46
|
| [2021-03-30 02:57:47] |
| User158665 - Posts: 44 |
|
but the source code is not available.
So you could not modify it, you would have to try to create your own and probably would be expensive, right? But I cant find how to add multiple anchored VWAPs
That's why I have Down and Up aVWAPS, so it is easy to identify with diffent names and I can set different colors for them.But that gets messy.
I use a custom study called "Hide Study Button" and have a button for each aVWAP I use, So I can hide/show them quickly when I need them.VbP lets you choose start and finish points, VWAP does not. So I could not do it as well (because my indicator is a mix between VWAP and ECIAnchorVWAP). What is the difference between "DW" and "UP"?
I use them for easy identification when right clicking.I may pursue further paid dev of your code
The one who did mine, his e-mail is at the top of the CPP. Maybe he can help you. And I hope Sierra may implement these changes soon.
|
To post a message in this thread, you need to log in with your Sierra Chart account: