VWAP Bands for MT4

Discussion in 'MetaTrader Indicators' started by sangnakhon, Aug 16, 2016.

  1. sangnakhon

    sangnakhon Trader

    17
    5
    9
    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.
     

    Attached Files:

  2. sangnakhon

    sangnakhon Trader

    17
    5
    9
    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
     
  3. sangnakhon

    sangnakhon Trader

    17
    5
    9
    Pls. delete this request. I find the solution already.
    Thanks anyway for those who want to help.
     
  4. Enivid

    Enivid Administrator Staff Member

    7,799
    253
    114
    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.
     

    Attached Files:

    sangnakhon likes this.
  5. sangnakhon

    sangnakhon Trader

    17
    5
    9
    Thanks.
     
  6. nadjib chettab

    nadjib chettab Trader

    2
    0
    17
    hello thank you very mutch if you can stategies trading whith this best indicator kinds rigards
     
  7. Lenise

    Lenise Newbie

    1
    0
    1
    Hello! I put it on my MT4 platform but nothing appears there. Is the file correct?
     
  8. Enivid

    Enivid Administrator Staff Member

    7,799
    253
    114
    The file is definitely correct. What do you mean exactly by "I put it on my MT4 platform" and by "nothing appears there"?
     
  9. Gianluca Zeni

    Gianluca Zeni Newbie

    2
    0
    1
    Same to me! It doesn't show any of the bands.
    any suggestion?
     
  10. Enivid

    Enivid Administrator Staff Member

    7,799
    253
    114
    Is there any output in the Experts tab of the terminal when you try to attach this indicator?
     
  11. Gianluca Zeni

    Gianluca Zeni Newbie

    2
    0
    1
    Now it is working. I just removed the platform, deleted all folders and installed again.
     
  12. SilvioTrade

    SilvioTrade Trader

    1
    0
    6
    Ciao Gianluca, purtroppo a me continua a non funzionare anche dopo aver rimosso ed installato nuovamente. Come hai fatto?
     
  13. Enivid

    Enivid Administrator Staff Member

    7,799
    253
    114
    What happens when you try to attach the indicator to the chart? What is the output in the Experts tab ("Consiglieri" se la tua piattaforma รจ in italiano)?
     
  14. acushnir

    acushnir Active Trader

    1
    1
    39
    Here is a fixed version of the indicator.
    I hope it would be nice :)
     

    Attached Files:

    Enivid likes this.

Share This Page