1.1 KiB
VWAP
This indicator plots the Volume Weighted Average Price (VWAP).
This exists because NinjaTrader's built-in VWAP indicator is not easily accessed via other NinjaScript indicators and strategies.
The built-in indicator may also not be available to NinjaTrader users unless they have purchased a lifetime license.
Parameters
Precision: Whether to calculate the VWAP using every tick or just once per bar on the chart. (Default: Chart)
The possible values for Precision are as follows:
- Chart
- Tick
Price: How to determine the price used in the VWAP calculation. (Default: (High + Low + Close) / 3)
The possible values for Price are as follows:
- High
- Low
- Close
- (High + Low) / 2
- (High + Low + Close) / 3 [the "typical" price]
- (Open + High + Low + Close) / 4
Standard Deviation Multiplier: The multiplier to use when calculating the upper and lower standard deviations of VWAP. (Default: 1.0)
Screenshots
Default Settings:
With Standard Deviation:
