Support Board
Date/Time: Mon, 25 Nov 2024 13:40:09 +0000
Anchored VWAP + bands
View Count: 422
| [2024-02-28 15:24:28] |
| User499894 - Posts: 45 |
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Hi, I use the VbP study to display an Anchored VWAP; via the subgraphs section I am able to display the +2/-2 Std deviations bands of the VWAP, how can I display the +3/-3 Std.Dev. bands?
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| [2024-02-28 20:16:15] |
| John - SC Support - Posts: 36238 |
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The first thing to be aware of is that the "Mean Price +/- Std. Dev." is not the VWAP +/- Std. Dev. The Mean price is calculated separately and can be viewed in the Chart Values for Tools window - as the "Trade Weighted Mean Price". In general, the answer to the question of how to get a 3 * Std. Dev. is to take the difference between the "Mean Price + Std Dev" and the "Mean Price + 2 * Std Dev" and then add difference to the "Mean Price + 2 * Std Dev" to get the "Mean Price + 3 * Std Dev" (and the opposite for finding the "Mean Price - 3 * Std Dev"). For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-02-28 21:03:03] |
| User719512 - Posts: 264 |
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If using VbP for Anchored VWAP or adding the additional formulas like above is not to your liking, you might want to look at a user contributed study called ECIVwapV1.5, or a study from OFL that is free and also supports drag/drop, and up to 4 StdDev bands along with other settings. That is at https://orderflowlabs.com/pages/ofl-freemium. So there are a few solutions depending on your needs.
Date Time Of Last Edit: 2024-02-28 21:03:59
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 Anchored_VWAP.png / V - Attached On 2024-02-28 21:03:17 UTC - Size: 33.11 KB - 97 views |
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