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Date/Time: Mon, 03 Mar 2025 21:52:44 +0000



How to make chart with indicator-based Y scale (show deviations from indicator)?

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[2021-11-14 09:43:26]
MatZer0 - Posts: 36
Hi,

Usually charts have price as their Y chart

I'd like to make one of my charts indicator-centric, Y scale should show deviations of the price vs indicator while assuming zero line = no deviation

Say I'd like to have 0 on my chart to be equal to the VWAP value and Y-scale deviations should reflect price relative to VWAP, while maintaining VWAP as a straight line (no matter of it's actual value, actual VWAP value should be used as 0-base for my chart)

I know Ninjatrader platform can do this and I'm almost sure that Sierra, but not sure how

Any suggestions?
[2021-11-14 11:59:00]
User907968 - Posts: 833
Simple example attached using spreadsheet forumla study and study/price overlay.
attachmentVWAP Deviation.Cht - Attached On 2021-11-14 11:58:54 UTC - Size: 6.27 KB - 291 views

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