Trouble lies in what we believe to know for sure that just ain't so.
Question: What is the difference between Tick Volume and (true) Volume? 8 replies
Market Statistics (Volume Histogram, VWAP with SD bands) 205 replies
Volume MACD and Linear Regression Volume Overlay 3 replies
Volume for indices, tick and the exchange derived volume 4 replies
Disliked{quote} Thanks. Yes, I use it as guidance. Are you familiar with it? IvoIgnored
Disliked{quote} I couldn't find a reliable MT4 VWAP indicator. I coded one some time ago but it wasn't that good. I appreciate if you can share yours. All the best, KhalilIgnored
Disliked{quote} I couldn't find a reliable MT4 VWAP indicator. I coded one some time ago but it wasn't that good. I appreciate if you can share yours. All the best, KhalilIgnored
Disliked{quote} It's called Market_Statistics_v4_1.mq4 disclaimer: I am not affiliated with this site/link. IvoIgnored
Disliked{quote} vwap is calculated on ticks; however in MT4 I found the nearest almost identical indicator to vwap is to do SMA of pivot on 1m bars since start of dayIgnored
Disliked{quote} Hello alphadude, would you mind to post an example? It sounds very interesting many thanks regards vIgnored
Disliked{quote} attached is an example from recent 3 days on EURUSD 1. Pivot of 1m bar: (High+Low+close)/3 2. calculate how many bars since start of day (you can use any timezone you like for start of day) 3. Calculate the sum of the pivots of all these bars 4. Divide the sum by the number of bars (from step 3) I have tried calculating VWAP including the volume (ticks in MT4); and the result were the same as using the above method BTW: Vwap can be calculated on any timeframe; for example; daily VWAP (start from trading day), hourly VWAP (start from each...Ignored
Disliked{quote} Nice calculation and it probably looks quite the same but you're missing the volume which is exactly what VWAP uses TotalPV+=Volume*((Low+High+Close)/3); TotalVolume+=Volume; VWAP=TotalPV/TotalVolume; > Vwap can be calculated on any timeframe; Yes, it looks the same across all timeframes. So it's kind of a true display of the average price that was paid. The mother of all moving averages so to speak. >however institutional traders; usually use VWAP of the trading session they are in best Yes. If a client wants to buy the trading...Ignored
Disliked{quote} attached is an example from recent 3 days on EURUSD 1. Pivot of 1m bar: (High+Low+close)/3 2. calculate how many bars since start of day (you can use any timezone you like for start of day) 3. Calculate the sum of the pivots of all these bars 4. Divide the sum by the number of bars (from step 3) I have tried calculating VWAP including the volume (ticks in MT4); and the result were the same as using the above method BTW: Vwap can be calculated on any timeframe; for example; daily VWAP (start from trading day), hourly VWAP (start from each...Ignored
Disliked{quote} attached is an example from recent 3 days on EURUSD 1. Pivot of 1m bar: (High+Low+close)/3 2. calculate how many bars since start of day (you can use any timezone you like for start of day) 3. Calculate the sum of the pivots of all these bars 4. Divide the sum by the number of bars (from step 3) I have tried calculating VWAP including the volume (ticks in MT4); and the result were the same as using the above method BTW: Vwap can be calculated on any timeframe; for example; daily VWAP (start from trading day), hourly VWAP (start from each...Ignored