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Date/Time: Sat, 23 Nov 2024 19:31:35 +0000

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VWAP Difference TradingView (and everything else) and Sierra Chart

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[2024-08-06 17:26:02] #1 [Go To First Post]
Aczero - Posts: 11
So I was comparing the VWAP to TradingView, DAS Trader etc. They have it spot on and it's all the same. But for some reason, it is most difference on Sierra Chart. How can I fix this? I connected the images below to show you the difference. If you need any more information from me, just let me know!


TradingViewVWAP.png / V - Attached On 2024-08-06 17:25:10 UTC - Size: 7.17 KB - 58 views SierraChartVWAP.png / V - Attached On 2024-08-06 17:25:36 UTC - Size: 8.67 KB - 60 views

[2024-08-06 18:15:13] #2 [Go To First Post]
John - SC Support - Posts: 36238
We do not make comparisons to other systems. For information on how our VWAP is calculated, refer to the information here: Volume Weighted Average Price (VWAP) with Standard Deviation Lines For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2024-08-06 21:05:51] #3 [Go To First Post]
Aczero - Posts: 11
I understand, but how do I make it similar. What exactly is the setting difference. I viewed the guide but couldn’t figure it out.

[2024-08-06 21:12:34] #4 [Go To First Post]
John - SC Support - Posts: 36238
We can not possibly answer this. We know nothing about how other systems perform their calculation. And this is not something we will look into. How we do our calculations is posted and tested. The only thing we can state is that you might want to set the Input for "Base on Underlying Data" to "Yes". Refer to the information for this Input in the following section: Volume Weighted Average Price (VWAP) with Standard Deviation Lines: Inputs For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2024-08-06 21:32:44] #5 [Go To First Post]
Aczero - Posts: 11
I looked into one of them. How is the VWAP Calculated?: Typical Price = Average of the High, Low and Close = (H+L+C)/3. VWAP = Cumulative(Volume x Typical Price)/Cumulative(Volume). How would I go around changing these to the ones above

[2024-08-06 21:56:09] #6 [Go To First Post]
Aczero - Posts: 11
Okay, news on this. I went with a custom VWAP study and the calculations are correct on that one compared to the one provided by default. I am going to test it further tomorrow. I will let you know how well it works when market opens. If you don’t mind, can you look into the calculation I sent and how I can go around implementing that as it’s more correct. Thank you

[2024-08-07 14:03:27] #7 [Go To First Post]
John - SC Support - Posts: 36238
The only thing we can tell you is to use the Spreadsheet Study to do create the VWAP that you want. Refer to the following: Using the Spreadsheet Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2024-08-07 14:24:45] #8 [Go To First Post]
cesium - Posts: 85
Aczero and for other readers, The reason tradingview vwap is different than sc calculations is even if tradingview claims to use the same formula, their data is not tick accurate and verified like sierrachart i would not trust any volume based calculations from tradingview, even if they claim to use tick data for that you always need tick data if the tick data isnt stored on your machine it cant be trusted to not be aggregated applies to volume profile, etc

[2024-08-07 14:35:30] #9 [Go To First Post]
Aczero - Posts: 11
Thank you! I was waiting for a reply like this. The thing is, I’ve noticed das trader’s VWAP is similar to TradingView too. Is DAS trader inaccurate?

[2024-08-07 14:38:26] #10 [Go To First Post]
cesium - Posts: 85
I have no idea, i only use sierrachart, it is the best, and to not clutter the support board since this is outside the scope of support thread discussion i wont be replying here anymore youre free to pm me if you wish

[2024-08-07 15:52:05] #11 [Go To First Post]
Aczero - Posts: 11
Ok, so please in the future to not clutter the support board. Only reply if it’s relevant to the topic. If you are unsure on the topic, then please do not reply to random support boards. John is a professional and he was helping me with the topic. I want to thank you John for sending me that link. I will look into it. You the best!

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