VWAP Cloud For ThinkOrSwim

[Trader4TOS]

VWAP with an added cloud between two VWAP lines with a green cloud between +1.5 and +2.0 for a higher price range and a red cloud between -1.5 and -2.0 for a lower price range. Customizable options in the menu.

#created by Trader4TOS
# VWAP (Volume Weighted Average Price) Indicator with Cloud
# This script calculates and plots the VWAP line and adds a cloud between two VWAP lines

declare lower;

input length = 20;
input upperRange = 1.5;
input lowerRange = -1.5;

def cumVolume = Sum(volume, length);
def cumPV = Sum((high + low + close) / 3 * volume, length);
def vwap = cumPV / cumVolume;

plot VWAPLine = vwap;
VWAPLine.SetDefaultColor(Color.CYAN);
VWAPLine.SetLineWeight(2);

def upperVWAP = vwap + upperRange;
def lowerVWAP = vwap + lowerRange;

AddCloud(upperVWAP, vwap, Color.GREEN, Color.GREEN);
AddCloud(lowerVWAP, vwap, Color.RED, Color.RED);

 

[Tej_Pra]

Hello there,
Please can someone help me to add a cloud between two VWAP lines.
I need a green cloud between +1.5 and +2.0 for higher price range and
red cloud between -1.5 and -2.0 for lower price range.

 

[Trader4TOS]

I hope this is what you are looking for.

https://usethinkscript.com/threads/vwap-cloud-for-thinkorswim.15798/#post-126724

 

[thefollower]

@Trader4TOS
When I compare the built-in VWAP deviation lines against VWAPCloud linesthe results are wildly different. I recognize you removed a lot of the ToS code.
You have set yours at declare lower but that is not helpful as I cannot see Price breaking across the Deviation lines. So I was trying to overlay your Cloud onto the Price chart. Clearly is not working as expected for me.
VWAP cloud result as quite smooth compare to ToS VWAP. Can you shed some light on this for me? Thanks.