You are welcome my friend. A wealthy friend of mine from Paris (France) is currently using this VWAP indicator with great success. Needless to say, when the big/smart money players decide to buy or short, they usually leave large footprints via this VWAP indicator, because it is virtually impossible for them to hide their large transactions. Take some time to analyze the price action around these VWAP breakouts and you will soon notice the amazing predictive power of this indicator... Keep up the good work Easymon1.
It's an automatic feature of Advanced GET from eSignal. But I think maybe TradingView could have it... I use yellow for the Pivots (P) in the 600T, as it is faster. All my charts are specifically color-coordinated for different speeds, and even for different angles. @Overnight I am tempted to try "Bookmap". I thought it was too good to be true, but then I saw 2 people who are legit, and I have personally met (7-figure traders), actually using it. Just being able to avoid those trades that drag you under the bus for 3-5 days, would be a game changer... @easymon1 Get a profile photo. Maybe Bob Marley?
I sure like those swing lines. eg. the Ppoint at 10:10, stacked below the Ppoint at 11:05 is very nice. I gotta get me one of those, no doubt about it. The one I've looked at on occasion here has input for lookback period and so if that's set for say, 50, it drapes a horizontal line at the highest bar for prior 50, and lowest, lots of zig-zag crap all over the place, useless. Will look to see what else has evolved since the last check years ago. Thanks
The VWAP should be be used with "Up Down" volume charts, usually green and red bars at the bottom of the chart (15-min time frame for daytrades). These bars act as a confirmation tool. The idea is to place a trade (from the VWAP indicator) but only if the volume is also strong enough, meaning it exceeds the X previous green/red bars by a certain percentage. A relatively high volume means that the big money players and/or the algos are now entering the market, to buy/sell or to squeeze the traders... It is of course a little more complex than that but that's the general idea. Best markets for the VWAP: all the e-minis indexes, Gold, Oil and 10-Year US Treasury note.
Sure, it might give you an edge in your trading style/techniques, but I found it would give me no extra utility. Tape-reading and swing-trading are mutually exclusive. Let us know how it goes if you try it out, and if it helps you.
I will think about this "easymon1". Please let me know how technology has advanced. I am speaking from 10 years ago, which is probably obsolete... Shit, I am old...
Experienced with a good memory and a long time to run...more like it in your case. Well just looked at SC and found this... be looking into it sat or sun. """"""""""""""""""""" High/Low for Time Period | High/Low for Time Period - Extended The High/Low for Time Period and High/Low for Time Period - Extended studies will draw lines in the chart for each day at the Highest price and at the Lowest price for the time spanning the Start Time to End Time study Inputs. With the High/Low for Time Period version of the study, the lines are only drawn from Start Time to End Time study Inputs. There is no consideration of the Session Times in Chart >> Chart Settings. With the High/Low for Time Period - Extended version of the study, the lines will be drawn beginning at the Start Time study Input and go to the specified Stop Time Input. And then they extend without changing until the Line Stop Time Input. The Stop Time Input can be later than Start Time in which case it is considered within the same trading day. Or Stop Time can be earlier than Start Time, in which case it is considered in the next trading day. This study is typically used to draw the Opening Range across the day in the chart or to draw the overnight session High and Low on the Day session. If you need to draw lines on an Intraday chart for the current day that represent the highest High and the lowest Low for the day, then you will want to use the Daily OHLC study and set the Reference Days Back Input with that study to 0. https://www.sierrachart.com/index.p...=246&Name=High_Low_For_Time_Period_-_Extended