# 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;``````

##### Active member
2019 Donor
Ben could you add the feature for this vwap where it changes colors with the slope of price, up green and down red?

#### BenTen

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

##### Active member
2019 Donor
@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

Staff member
Staff
VIP

2019 Donor
ok

##### Active member
2019 Donor
yes, perfect, thanks for the reply, are you familiar with MTF im having an issue connecting the dots maybe you can help, cheers

#### mc01439

##### Well-known member
2019 Donor
VIP
yes, perfect, thanks for the reply, are you familiar with MTF im having an issue connecting the dots maybe you can help, cheers

##### Active member
2019 Donor
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

2019 Donor
VIP

#### astro_phx

##### Member
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.

Last edited by a moderator:

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