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Date/Time: Thu, 06 Feb 2025 23:28:47 +0000



Volume By Price + VWAP calculations methods

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[2021-03-15 03:18:39]
User158665 - Posts: 44
You have an indicator called Volume Weighted Average Price, and it lets you choose calculation method for STD Deviation Band.

Please integrate these calculations methods and bands offset to Volume By Price.

Now VbP only lets you say "Yes or No".


And please add the ability to choose developing POC based on Volume POC.

The first request is the most important for my trading style, I need to use Percentage calculation method with with VbP Vwap.
[2021-03-15 03:46:45]
Sierra Chart Engineering - Posts: 104368
and it lets you choose calculation method for STD Deviation Band.

Please integrate these calculations methods and bands offset to Volume By Price.

Now VbP only lets you say "Yes or No".
We do not understand this.

You can modify the study to meet your requirements:
How to Build an Advanced Custom Study from Source Code

And also the study does not involve Point of Control in any way. That is completely unrelated. Instead have a look at:
Volume By Price Study: Calculating and Displaying Developing Point of Control, Value Area High/Low, Volume Weighted Average Price Lines
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2021-03-15 03:47:36
[2021-03-15 18:52:47]
User158665 - Posts: 44
Your indicator Volume By Price has "Calculate Mean Price and Standard Deviation Bands" and we can set it to Yes/No.

It would be nice if we had more options, like: calculation Method, Band Offset, Input Data (High, Low, HL Avg) - and your indicator Volume Weighted Average Price does all that. That's why I said it would be nice to integrate them.
Also the ability to make 1 VWAP Set to High and one set to Low.

So combining them would create the perfect Volume Profile for me, so we can see everything with one shortcut.


Nowadays, I set a shortcut to Draw Volume Profile and to clear all of them.
I trade based on the VWAP and developing POC based on Diagonal Ask Volume – Bid Volume.

So I am always changing the Draw Volume Profile start point.

So it would be nice to see the VWAP set to High, VWAP set to Low, Normal VWAP and developing POC based on Diagonal Ask Volume – Bid Volume in one indicator (Like the picture uploaded).

http://www.sierrachart.com/image.php?Image=1615833297743.png

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