Hi, I´m trying to use VWAP indicator in WL however it does not appear in the chart.
Checked in the forum topics relates to this subject but I did not find any related to this.
I downloaded new WL version 6.9.22.7 and also new version of community extension but it still does not work.
Could you please inform if I have to set something more?
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Hi,

Almost all indicators are documented one way or another: in the Knowledge Base (the WL Wiki) or on external resources. VWAP is no exception. When you have doubts it's best to start from the online user guide. So if you highlight an indicator and click on the "More info..." label, that takes you to the indicator's Wiki page (or an external website):



VWAP (Volume Weighted Average Price)

In particular, quoting the reason behind the inability to display VWAP on your Daily (EOD) chart:

<<Note: VWAP can be used on intraday data only.>>

Hope this helps.

Great, thanks a lot Eugene... I used that link before but I did not payed attention at that note... sorry my mistake.
And YES it worked well in intraday database.
However I have a requirement to use VWAP for daily, weekly and also montly.
Is there a way to create a new indicator based on traditional VWAP to display it for intraday, day or week view?
Or VWAP Band based on VWAP with 3 levels with standard deviation?
Thank you! Appreciate you support.

Found one topic related on WealthScript Programming Guide (Help menu) > Indicators > Custom Indicators.
Never mind my question... thanks.

You're welcome.

QUOTE:
I have a requirement to use VWAP for daily, weekly, and ... monthly [bars]. Is there a way to create a new indicator based on traditional VWAP to display it for intraday, day, or week view?

Doesn't the VMA indicator already do this for daily, weekly, and monthly bars? Or am I missing something?

Good catch. Essentially they're doing the same thing.

VMA has the flexibility to use any price series on any bar scale.
VWAP is hardcoded for the AveragePrice and is intraday only.

QUOTE:
VWAP is hard coded for the AveragePrice and is intraday only.

I think the idea behind VWAP is an event (like a positive quarterly earnings announcement) occurred earlier in the day, and the intraday trader wants to determine if it's too late to Buy the position, or if it's finished going up and may be ready for a pullback (i.e. high shadow candle).

As a Daily-bar trader, I got the same problem, but on a Daily-bar scale. I'm trying to avoid a post-buy pullback caused by an overshoot in price. We call this "reactive" behavior in engineering, and yes it can be formally modeled (in control system engineering where we study "dynamic models"). I could go on about dynamic modeling, but I suppose I should start a new topic first. :)