Enhanced VWAP Indicator for ThinkorSwim


Staff member
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;


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Ben could you add the feature for this vwap where it changes colors with the slope of price, up green and down red?
yes, perfect, thanks for the reply, are you familiar with MTF im having an issue connecting the dots maybe you can help, cheers
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
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.
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