Is interactive brokers ever going to fix the intraday VWAP indicator?

Discussion in 'Interactive Brokers' started by El_Cubano, Aug 28, 2019.

  1. The vwap indicator is timeframe agnostic. Or it's supposed to be. It's a 1 day vwap so should be same across all time frames. Based off the current days trading
    #11     Aug 28, 2019
    harami and murray t turtle like this.
  2. Double check what exactly? And it's a intraday vwap. Based off that one days trades
    #12     Aug 28, 2019
    murray t turtle likes this.

  3. I have never heard/seen a version of vwap that was different between timeframes. It's a one day intraday indicator based on trades. Time has nothing to do with the calculation.

    The quote zone number is accurate and lines up with the vwap on think or swim and tradingview.

    No idea what craziness goes on behind the scenes with IB's intraday vwap indicator
    #13     Aug 28, 2019
    harami and murray t turtle like this.
  4. It’s called brain damage. I don’t currently use this, but it seems quite a few traders on ET do use VWAP. Since I use IB as well, I am interested in a solution as well.
    #14     Aug 28, 2019
    murray t turtle likes this.
  5. LS1Z28


    I've heard of people having issues with VWAP accuracy in the TWS platform ever since they introduced it. I would suggest using a different software for charting, or using a different platform. My Sterling platform has never had this issue.
    #15     Aug 28, 2019
  6. I know lots of people have dual chartting and execution platforms. But for me personally I find it super annoying to have to type in a symbol twice into two separate programs. And more importantly not be able to visually track my trades. So for me having separate charting is a no go
    #16     Aug 28, 2019
  7. tommcginnis


    Happily, you're way wrong. ("Yayyyy?")

    Open the Studies section of your charts, and navigate to the Volume Studies.
    Click on either of the Intraday Volume Weighted Average Price or the Moving Volume Weighted Average Price.
    Fiddle with the time parameters until you get a better correspondence -- so, multiplying the 1-min VWAP look-back by 5 should get you to the 5-min figure. Etc etc.

    An issue you'll have is that if the QuoteZone VWAP is "Volume-since-Cash-Open," then that basis will be changing minute-by-minute as the day goes on. :rolleyes:

    I don't know who put the chart VWAPs on your charts, but you might want to query them, too.

    FWIW, NOTHING goes on my charts for which I don't know the ins-and-outs of the calculations, the WHY of it all, and how it provides solid information for robust trading. If I can't explain it to you in a sentence? It doesn't belong on my chart. (Hence, I can understand your dissatisfaction with things thus far.)

    Have fun!
    #17     Aug 28, 2019
    murray t turtle likes this.
  8. The vwap calculations aren't bar based. So doesn't matter of showing 1min bars or 5min bars. Yes there is a time setting. But in this case the setting is the same between the vwap indicators on all the charts. And that is 1 day vwap. A 1 day vwap on a 1 min chart is the same as on a 5 min chart as is the same on a 15 min chart. It's just displaying a calculation on a chart, that calculation doesn't change based on the time frame of the intraday chart it's being displayed on
    #18     Aug 28, 2019
    harami likes this.
  9. tommcginnis


    This carries a bizarre disconnection to reality. But, "Oh well."
    #19     Aug 28, 2019
  10. Ok Mr. " you're waaaay wrong".
    Thanks for playing
    #20     Aug 28, 2019