moving_vwap

Function Name: moving_vwap

Tags: None

Category: Other

This indicator draws two things:

1. The Moving Volume Weighted Average Price. 2. The estimated standard deviation of the vwap from the closing price calculated on the entire moving window. The inner area shows +/-StdDev, while the outer area represents +/-2*StdDev.

 

Parameters:

StdDevFactor: Scales the deviation.

Period: Width of the moving window on which the vwap sum and deviation is calculated (expressed in number of bars).

ShowVWAP, ShowDev: Display control flags.

 

 

Link: http://en.wikipedia.org/wiki/VWAP

 

StdDevFactor
	Default Value: 1  |  Minimum: 0  |  Maximum: 100
	Type: Numeric
Period
	Default Value: 14  |  Minimum: 1  |  Maximum: 99999
	Type: Numeric
ShowVWAP
	Default Value: -1
	Type: Boolean
ShowDev
	Default Value: -1
	Type: Boolean