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plot value = close < vwap();
AssignBackgroundColor(if close > vwap then Color.DARK_GREEN else if close < vwap then Color.DARK_RED else Color.Dark_ORANGE);Yes! Thank you, it worked perfectly! Looking back at my post, though, I wasn’t very clear on exactly what I was looking for. I wanted the VWAP value to show instead of the close. I simply replaced “close” with “vwap” and it does exactly what I want. Thanks again, I really appreciate your time
1) example was given by RAD..Thanks.@Stockmaker All of those scan can be made very easily in the TOS Scanner... You know your criteria so all you need to do is combine calls to the VWAP and SMA Studies... Once you know how you won't be needing to rely on others to do your coding for you... Give it a try and if you have questions just ask...
Here is one scan to get you started... It's really just that easy...
@BenTen This is great thank you! Is there any way to delete the vwap price from the column and just leave the background color?I wanted to quickly know if the stock price is currently above or below VWAP (Volume Weighted Average Price). One of our developers were able to help me put together a watchlist column that shows just that. Here is what it looks like.
Notes:
- Green means price is currently above VWAP
- Red means price is currently below VWAP
thinkScript Code
Rich (BB code):plot vwap = vwap(); AssignBackgroundColor(if close > vwap then Color.DARK_GREEN else if close < vwap then Color.DARK_RED else Color.Dark_ORANGE);
Credit:
- WalkingBallista
input time_color = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};
input VWAP_Color = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};
input UpperBand_Color = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};
input LowerBand_color = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};delete the AddLabel lines and replace with
assignBackgroundColor(
if VWAP > close and VWAP>VWAP[1] then Color.green else
if VWAP > close and VWAP<VWAP[1] then color.yellow else
if VWAP < close and VWAP<VWAP[1] then Color.red else
if VWAP < close and VWAP>VWAP[1] then Color.cyan else Color.black);Here's basic red,yellow,green light for above or below vwap. background green=above, yellow=on, red=below intraday. best for small multigrids, where you just want an attention getter, like HEY! this is bullish now!", the color is super bright and cant miss it. https://tos.mx/5YOTAWh
Beautiful......thank you brother!!! I appreciate your work and time.....it's awesome! Like you said, for multi-grids this is it!!!!
what do you mean by a vwap/ema cloud. are you talking about a regular daily vwap with simple EMA's crossing it up and down?
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