Login Page - Create Account

Support Board


Date/Time: Tue, 04 Mar 2025 06:38:53 +0000



VbP-VWAP and Study subgraph Standard Deviations - not STD lines display

View Count: 864

[2021-12-01 16:07:15]
User153286 - Posts: 50
I have the VbP Visible Bars and Subgraph Stand Deviation studies on a chart

I am looking to draw Bollinger band like lines based on the VbP VWAP line

I setup the Subgraph Deviation study using the input criteria:

based on = VbP
chart region = 1


input = volume weighted average price
STD length 1
STD multiplier 2


It draws some funcky looking lines, not what I expected, not Bollinger band like lines around the VpB VWAP


I also tried the Study subgraph Add, but that squishes the display, seems line the output draw coordinates are added to a 0 value instead of the VWAP value.

Any suggestions how to accomplish this?
[2021-12-01 16:59:27]
John - SC Support - Posts: 38341
To begin with, you could just use the Bollinger Bands study and set the Based On to the VbP, then the Input Data would be the Volume Weighted Average Price.

But the Study Subgraph Standard Deviation should work fine, but you need to do the same thing as we specified above. You need to set the Based On to the VbP and then the Input Data to the Volume Weighted Average Price.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-12-01 17:38:15]
User153286 - Posts: 50
did the BB suggestions, getting similar results - the bars and VWAP are squished together, notice the price values on y axis are crazy. the top and bottom BB lines are above and below the VWAP, but the center BB lines is way below.

I have attached pics one is how the display looks after I apply the studies the second is how I setup the BB study
Date Time Of Last Edit: 2021-12-01 17:40:54
imagebb-based-on-vwap.PNG / V - Attached On 2021-12-01 17:32:54 UTC - Size: 27.6 KB - 170 views
imagebb-settings.PNG / V - Attached On 2021-12-01 17:33:02 UTC - Size: 29.97 KB - 179 views
[2021-12-01 18:23:41]
John - SC Support - Posts: 38341
Please attach a chartbook containing that chart on it to this thread for us to take a look. Do this by following these instructions:
Support Board Posting Information: Providing Chartbook with Only a Single Chart
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-12-01 18:55:18]
User153286 - Posts: 50
chartbook attached as requested
attachmentbb-vwap.Cht - Attached On 2021-12-01 18:54:42 UTC - Size: 72.05 KB - 168 views
Attachment Deleted.
[2021-12-01 19:25:11]
John - SC Support - Posts: 38341
The problem is that when you are putting that study on a VbP that is set to display just "Visible Bars", then if there are not many bars visible, your VWAP will not be correct, or may not be calculated at all, in which case the Bollinger Bands are going to be based on bad data, which is why you are getting bad results.

You really just need to use this functionality when you have a specific timeframe for the VbP.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-12-01 19:32:06]
User153286 - Posts: 50
i understand what your saying, but remove the BB study and you will see the the VWAP draws just fine
[2021-12-01 21:58:55]
John - SC Support - Posts: 38341
Ok, we need to look at this a little closer. Give us some time.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

To post a message in this thread, you need to log in with your Sierra Chart account:

Login

Login Page - Create Account