VWAP Bands for MT4

sangnakhon

Trader
Apr 22, 2016
17
5
9
48
Can somebody please make bands for this indicator ? It's VWAP (volume weight average price).
So it'll become VWAP Bands. Please put standard deviation 1.0, 2.0 & 2.5 for it.
So It'll look like Bollinger Bands. But I think it'll be better than Bollinger Bands.

Thanks in advance.

I don't know how to calculate VWAP , but I think when you see the code in the indicator
I attached you'll know it.
I also upload Bollinger Bands indicator that has 3 standard deviation in case it might help you make it easier.


Thanks in advance.
 

Attachments

sangnakhon

Trader
Apr 22, 2016
17
5
9
48
VWAP calculation
There are five steps involved in the VWAP calculation.
First, compute the typical price for the intraday period. This is the average of the high, low and close {(H+L+C)/3)}.
Second, multiply the typical price by the period's volume.
Third, create a running total of these values. This is also known as a cumulative total.
Fourth, create a running total of volume (cumulative volume).
Fifth, divide the running total of price-volume by the running total of volume.



Cumulative(Volume x Typical Price)/Cumulative(Volume)

from http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:vwap_intraday
 

sangnakhon

Trader
Apr 22, 2016
17
5
9
48
Pls. delete this request. I find the solution already.
Thanks anyway for those who want to help.
 

Enivid

Administrator
Staff member
Nov 30, 2008
12,425
494
114
Odessa
www.earnforex.com
OK, the attached indicator is VWAP bands. In addition to three pairs of standard deviation lines, it supports price type selection. The bands are optional and will disappear if relevant input parameter is set to 0. Looks nice:
VWAP Bands.png

Let me know if it works for you.
 

Attachments

Lenise

Newbie
Jul 26, 2017
1
0
1
39
OK, the attached indicator is VWAP bands. In addition to three pairs of standard deviation lines, it supports price type selection. The bands are optional and will disappear if relevant input parameter is set to 0. Looks nice:
View attachment 8127

Let me know if it works for you.
Hello! I put it on my MT4 platform but nothing appears there. Is the file correct?
 

SilvioTrade

Trader
Jan 26, 2018
1
0
6
38
Ciao Gianluca, purtroppo a me continua a non funzionare anche dopo aver rimosso ed installato nuovamente. Come hai fatto?