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Gherkin  
#1 Posted : Wednesday, January 31, 2018 1:04:19 AM(UTC)
Gherkin

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Hi guys, I've searched the forums and can only find Jose's end of day VWAP and I am wondering if anyone has made an intra day VWAP indicator? Are people calling something different here? It's a really useful tool for intra day trading in stocks so I'm a bit surprised metastock doesn't ship with it attached. Am I missing it under a different name? You use it from the open of each day (10 am in Australia, and it ends at the close 4:10pm in Australia). Does anyone else use this sort of tool? 

VWAP stands for volume weighted average price and nearly all intra day execution by insitutions use it as a benchmark

Craig

MS Support  
#2 Posted : Friday, February 2, 2018 9:45:14 PM(UTC)
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Originally Posted by: Gherkin Go to Quoted Post

Hi guys, I've searched the forums and can only find Jose's end of day VWAP and I am wondering if anyone has made an intra day VWAP indicator? Are people calling something different here? It's a really useful tool for intra day trading in stocks so I'm a bit surprised metastock doesn't ship with it attached. Am I missing it under a different name? You use it from the open of each day (10 am in Australia, and it ends at the close 4:10pm in Australia). Does anyone else use this sort of tool? 

VWAP stands for volume weighted average price and nearly all intra day execution by insitutions use it as a benchmark

Craig

Hi,

This formula should probably work. As noted, you would need to set specific date ranges (Start of trading day) to get a relatively accurate value:

Code:
AVG:=(O+H+L+C)/4;
Cum(V*AVG)/Cum(V);

Gherkin  
#3 Posted : Monday, February 5, 2018 12:54:40 AM(UTC)
Gherkin

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Thanks for that. I've tried this morning with the following but it does not start on the right day! I'm confused as to why it won't pin the beginning of the VWAP calculation to the day I enter

sm:=Input("starting month",1,12,2); sd:=Input("starting day of month",1,31,5); sy:=Input("starting year",1980,2100,2018); d1:= sd=DayOfMonth() AND sm=Month() AND sy=Year(); AVG:=(O+H+L+C)/4; Cum(V*AVG)/Cum(V);

Why does it calculate it from first date loaded? How do I pin it to my desired start time?

Is there a way to pin it at 10am of every day that a stock trades and leave it on my intra day charts forever? So it would reset at each day's open and start calculating from the open until the close. Leaving it on a chart is a massive advantage because you see where yesterdays VWAP was and how support resistance affects todays trading. Is this sort of thing possible with Metastock? Craig

Edited by user Monday, February 5, 2018 1:41:24 AM(UTC)  | Reason: Not specified

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