logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Options
Go to last post Go to first unread
KTP2  
#1 Posted : Wednesday, November 12, 2008 4:55:59 PM(UTC)
KTP2

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 2/2/2007(UTC)
Posts: 367

Was thanked: 1 time(s) in 1 post(s)

In his article, "VWAP for Support and Resistance", George Reyna explains how to calculate the volume weighted average price, or VWAP. These calculations can be duplicated in MetaStock 6.52 or higher with the following formulas. To create these indicators, select the Indicator Builder from the MetaStock Tools menu. Then click New and enter the formulas as listed below:

Name: VWAP ( Approximation )
Formula:
sm:=Input("starting month",1,12,1);
sd:=Input("starting day of month",1,31,1);
sy:=Input("starting year",1980,2100,2000);
d1:= sd=DayOfMonth() AND sm=Month() AND sy=Year();
pv:=MP()*Cum(V);
denom:= If(Cum(V)-ValueWhen(1,d1,V)=0,1,Cum(V)-ValueWhen(1,d1,V));

If(BarsSince(d1),(pv)/denom, MP())

Name: VWAP Support/Resistance
Formula:
sm:=Input("starting month",1,12,1);
sd:=Input("starting day of month",1,31,1);
sy:=Input("starting year",1980,2100,2000);
start:= sd=DayOfMonth() AND sm=Month() AND sy=Year();
pv:=MP()*V;
denom:= If(Cum(V)-ValueWhen(1,start,Cum(V))=0,1,Cum(V)-
ValueWhen(1,start,Cum(V)));

If(BarsSince(start),(Cum(pv)-ValueWhen(1,start,Cum(pv)))/ denom,MP())

Users browsing this topic
Guest (Hidden)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.