Watchlist - VWAP Crossover

[thecat_potvin]

Hello,

I've looked through the threads and can't seem to find this request, which I thought would be very popular.

I'm looking to add a column on my watchlist that shows when prices crosses VWAP within the last bar only.

• crosses VWAP, column turns green (or says "X", or something like that)
• if price has not crossed VWAP within the last bar, it remains blank.

I'm only interested in the crossover - I don't want the indicator to show me if price is above or below VWAP.

My thinking was that as long as I get the alert, I can decide to go long, short, or stay pat. But I use VWAP as my main indicator so knowing when my stocks cross it is very beneficial to me.

I then analyze the trend, level 2 data to decide what to do.


Any help would be appreciated!

 

[Mr_Wheeler]

I think that you should include some sort of momentum indicator as well. It's one thing to cross-over, it's another to have enough fuel in the trend in order to make a it worth while to do a trade.

Sure a stock may have done a VWAP cross over, but how would you know it's not going bounce back under over or over the VWAP line without another indicator?

 

[Mr_Wheeler]

My thinking was that as long as I get the alert, I can decide to go long, short, or stay pat. But I use VWAP as my main indicator so knowing when my stocks cross it is very beneficial to me.

I then analyze the trend, level 2 data to decide what to do.

Sounds fair. Make sure to use other indicators as well.

I use VWAP & this study that I made.

http://tos.mx/LQAcw4G

Here's my momentum study as seen in the flexible grid.

https://tos.mx/14c4BAL