VWAP Max- Settings and Anchors
Below is a brief description on the settings for the VWAP Max.
VWAP Settings and Anchors
The VWAPMax originally released with the Sub Market Sonar class as a suite of indicators that included:
Cyan line – Volume weighted average price – VWAP
Pink/Green Bands (long dashes) – Maximum permissible envelope
Pink/Green bands (short dashes) – Standard deviation envelope
VWAP, VScrore and VProfile are volume weighted calculations. No volume = no calculation. These indicators will not work on Forex or indexes like SPX with no volume.
End of Day Settings:
Start Date YYYYMMDD
Standard Deviations- Enter the number of standard deviations used in calculating the max VWAP envelope. The default is 3.0 and should generally be left alone.
ST_VWAPMax_EndofDay TOS settings
End of Day anchors
Minor High Max
Minor Low Max
1-minute chart AM (pre-11:30 ET)
2:00 ET 0200 AM ET
1-minute chart PM (post-11:30 ET)