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Request For An Additional Setting Option For the VWAP and VbP Studies

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[2014-09-14 01:09:02] #1 [Go To First Post]
ged - Posts: 233
I have several VWAP and VbP studies on my chart. Each VWAP and VbP pair of studies is intended to represent a distinct timeframe, i.e., 1Day; 2Days; 1Week; 2Weeks, 1Month; 2Months; etc. By way of example, the present setting options result in this difficulty: The 2Day VWAP and VbP pair end up sharing one day in common with the 1Day VWAP and VbP pair; The 1Week VWAP and VbP pair end up sharing one week in common with the 1Week VWAP and VbP pair; etc. If the settings options for the VWAP and VbP studies were amended to include a new option that on each new trading day the 2Day VWAP & VbP will automatically be building its second day, then this pair will never be duplicating the 1Day VWAP and VbP. Similarly, the 2Week VWAP and VbP could the be set so that they are always completing the 14th day of their 2Week period on each new trading day. Thus, they would never simply duplicate the 1Week VWAP and VbP, but rather would always reflect the full 2Week time period they are intended to represent the values of. The above requested setting option addition is very practical and I suspect it would be a genuine benefit to a number of users. Thank you for considering this request.

[2014-09-16 11:11:01] #2 [Go To First Post]
ged - Posts: 233
Not sure what the status of the above request is. The manner in which I would like to use several VWAP & VbP pairs is consistent with a trading tool referred to as "Market Statistics" in a popular series of threads at the Traders Laboratory Forums several years ago. Those threads continue to attract attention today. However, unless I can control the period reported by the several VWAP and VbP pairs (as described in my request above), I can't, as a practical matter, properly apply the tool. As an example, today I had so many VWAPS of varying lengths piled directly on top of each other that I simply had to "hide" all of them accept today's VWAP (so that I would be able to see today's VWAP). Consequently, the value of the other time period VWAPS (and VWAP/VbP pairs) is lost to the tool. I appreciate SC's consideration of adding the requested setting option.

[2014-09-16 16:35:21] #3 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We cannot be expected to give an answer to a feature request especially one that is highly complex. We will have a quick look at this, and put it down for future reference. Please understand that it could even be potentially more than a year before this even gets reviewed in detail. We try not to take the long but sometimes that happens. 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: 2014-09-16 16:37:25

[2014-09-21 16:50:55] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
If the settings options for the VWAP and VbP studies were amended to include a new option that on each new trading day the 2Day VWAP & VbP will automatically be building its second day, then this pair will never be duplicating the 1Day VWAP and VbP. We have had some time to look this over. In the case of the Volume by Price study, this is already supported. Set the Volume Graph Period Type to One Period At End of Fixed Time Length. 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: 2014-09-21 16:51:27

[2014-09-21 20:11:09] #5 [Go To First Post]
ged - Posts: 233
That method works for the VbP, but will not resolve the negative effect of VWAPs building on top of one another on certain days. Additionally, by selecting One Period At End of Fixed Time Length, then the VbP's from prior periods will not be available for use in analysis (unless a second set of charts is created with only VbPs - to avoid the duplicative problem - and the trader references back and forth between the two chart sets - which is not a practical solution.)

[2014-11-18 12:16:59] #6 [Go To First Post]
wwwingman - Posts: 185
Hi ged, I am not sure to fully understand your problem but ... maybe one of my vwaps can help. It is ECIVwapAnchor. It is a vwap you can anchor at any moment on the chart and it will compute the vwap from that moment until the last bar. For your need : make 2 ECIVwapAnchor, and anchor them on start of previous day and current day. The first will compute your 2day vwap and the second will compute the current day vwap. ECIVwapAnchor is part of sierra contributed studies. Anchoring is done with right mouse + AnchorVwap. W.

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