| ♥ 0 |
Its possible to change vwap from day, week, month… but how would I change it to any period (10 day, year, etc.) Thanks!
Marked as spam
|
Posted by |
Private answer
In order to customize the VWAP indicator you would need to select one of the standard aggregation periods available to the Thinkscript language: http://toslc.thinkorswim.com/center/reference/thinkScript/Constants/AggregationPeriod.html You will notice there is no option for 10 day or year. And let’s say you pick one from the available list of aggregations. It would require a very complex modification to the code which may or may not be possible to accomplish. So before pursuing this any further I suggest you dig up some evidence that professional traders are using and teaching VWAP set to some other time frame. Marked as spam
 Posted by Pete Hahn (Questions: 37, Answers: 4118) Answered on March 31, 2017 7:53 am
|
Well the weekly VWAP covers five days. What is different about your plan for a 5 day VWAP? You will need to describe that clearly, in how it is different then setting it to week. The time setting of this indicator merely establishes the cycle in which the value is reset. Daily, resets at the start of each day. Weekly, resets at the start of each week.
I spend some time trying to find a solution but did not find one that would work.
I believe the indicator you are all looking for is freely available on the site called ‘readtheprospectus’ – published in 2009, google for “vwapalooza’ which is the name he gave the indicator. I just located and tested out this indicator and it allows far more control compared to the basic VWAP indicator included with TOS.