# Enhanced VWAP Indicator for ThinkorSwim

#### BenTen

Staff member
Staff
VIP
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

Code:
``````# VWAP with period
# Assembled by BenTen at useThinkScript.com

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;``````

#### Attachments

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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?

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

@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

ok

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

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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