Enhanced VWAP Indicator for ThinkorSwim

[BenTen]

There are five steps in calculating VWAP:

1. Calculate the Typical Price for the period. [(High + Low + Close)/3)]
2. Multiply the Typical Price by the period Volume (Typical Price x Volume)
3. Create a Cumulative Total of Typical Price. Cumulative(Typical Price x Volume)
4. Create a Cumulative Total of Volume. Cumulative(Volume)
5. Divide the Cumulative Totals.

VWAP = Cumulative(Typical Price x Volume) / Cumulative(Volume)

thinkScript Code

# VWAP with period
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/rSTNnV6B-VWAP-with-period/

input cumulativePeriod = 14;
def typicalPrice = (high + low + close) / 3;
def typicalPriceVolume = typicalPrice * volume;
def cumulativeTypicalPriceVolume = sum(typicalPriceVolume, cumulativePeriod);
def cumulativeVolume = sum(volume, cumulativePeriod);
def vwapValue = cumulativeTypicalPriceVolume / cumulativeVolume;

plot warp = vwapValue;

 

[Trading51]

Ben could you add the feature for this vwap where it changes colors with the slope of price, up green and down red?

 

[BenTen]

@Trading51 Do you mean change the candles to red when its below VWAP and green when it's above?

 

[Trading51]

@Trading51 Do you mean change the candles to red when its below VWAP and green when it's above?

just the slope of the VWAP

 

[BenTen]

@Trading51 I'm not sure how to do that.

 

[Trading51]

ok

 

[mc01439]

ok

@Trading51 - This may work for you?

https://tos.mx/wUVmjCy

 

[Trading51]

yes, perfect, thanks for the reply, are you familiar with MTF im having an issue connecting the dots maybe you can help, cheers

 

[mc01439]

yes, perfect, thanks for the reply, are you familiar with MTF im having an issue connecting the dots maybe you can help, cheers

What is your question?

 

[Trading51]

Im trying to get the MTF fro the premier stochastic i tried the last few days but couldn't get it completed, i can post the code if you would like

 

[mc01439]

Im trying to get the MTF fro the premier stochastic i tried the last few days but couldn't get it completed, i can post the code if you would like

@Trading51

Post it under Premier Stochastic Oscillator, that would be the best place for your question.

 

[new2options]

@Trading51 - This may work for you?

https://tos.mx/wUVmjCy

Hi, where can I find this script?

 

[astro_phx]

Can someone help me developing a strategy. I am using that as a study right now. I just like a signal when input cumulativePeriod = 3 crosses input cumulativePeriod = 13 upside and downside + one candle. It would really great if someone could make this a strategy. Thank you very much in advance.