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An advanced VWAP indicator with standard deviation zones

VWAP

The favorite indicator of institutional traders, invaluable for ultimate price prediction.

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VWAP

VWAP $69.00

The favorite indicator of institutional traders, invaluable for ultimate price prediction.

Your price: $69.00

Before buying our products you must accept our Terms & Conditions. All sales are final.

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VWAP (Volume Weighted Average Price) is one of the most important and true price indicators. It shows how would the price chart looked like if each trade's volume would be considered.

In addition it plots one, two, or three standard deviation areas with custom multipliers for your convinience. These areas show the price channel: sometimes price bounces off the deviation lines almost exactly.

Institutional traders often evaluate performance by comparing the average price they get with End of Day VWAP value.

Features summary

  • Various typical price calculation methods: OHLC/4 HLCC/4, HLC/3
  • Optionally display VWAP moving average: MVWAP
  • VWAP changes color to red/green when the price crosses it below/above. All colors and plots are adjustable.
  • Set up to 3 standard deviation areas with custom colors and opacity

How to use

One of the best methods to trade with VWAP is this:

  • When price is above VWAP, it means that instrument is overbought. Wait until the price gets lower to VWAP and buy when it crosses VWAP back above.
  • When price is below VWAP, it means that instrument is oversold. Wait until the price gets higher to VWAP and sell when it crosses VWAP back below.

This price is considered as a good price by market makers and they also buy/sell at those levels.

Requirements

  • This indicator requires NinjaTrader version 7

Installation

  1. Save the zip-file (no need to unzip) to the location of your choice

  2. Go to menu Control Center -> File -> Utilities -> Import NinjaScript...

  3. Select the saved zip-file in the opened dialog

  4. If everything is OK you will see a confirmation (otherwise an error will be displayed)

  5. Restart NinjaTrader and you are good to go!

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Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.