Support Board
Date/Time: Tue, 26 Nov 2024 03:59:48 +0000
Post From: Volume by Price VWAP vs Volume Weighted Average Price
| [2024-01-18 17:57:24] |
| User92573 - Posts: 530 |
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Dear Support Please can you help answer the following as obviously cannot use study/price overlay to isolate the 'Volume by Price VWAP'.
I've read as many threads as I can find from 2014 ALS to more recent but still a little confused and would be grateful for some clarification as to why there is a difference in values between these studies when all settings are seemingly the same and as described in the Sierra study descriptions the VWAP is not a complex calculation. I currently use the VWAP which is included in the 'Volume by Price' study however there is also the stand alone 'Volume Weighted Average Price' study that one would expect to be almost if not exactly the same.
Ignoring the band calculations, the 'Volume Weighted Average Price' study despite allowing for some additional settings does not seem to replicate the 'Volume by Price VWAP' and I cannot seem to equalize these studies as one would expect. So, which is the correct institutional (time independent) VWAP and how does one mirror the data output for 2 seemingly identical studies?
Attached image shows the 'Volume by Price VWAP' relative to 3 different timeframe bars which is somewhat confusing given the literature. Many thanks. Date Time Of Last Edit: 2024-01-18 19:36:04
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 Volume by Price VWAP.png / V - Attached On 2024-01-18 19:35:57 UTC - Size: 74.16 KB - 67 views |