VWAP Settings and Anchors
The VWAPMax originally released with the Sub Market Sonar class as a suite of indicators that included:
ST_VProfile
ST_VScore
ST_VWAP
Cyan line - Volume weighted average price - VWAP
Pink/Green Bands (long dashes) - Maximum permissible envelope
Pink/Green bands (short dashes) - Standard deviation envelope
Volume required:
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:
TOS:
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.
The End of day is ALWAYS anchored to the first trading day of the current year (Jan 2, 2024 for this current year) on a daily chart.
For a weekly chart the date is fixed at March 23, 2020 (the COVID low) on the WEEKLY chart.
TRADING VIEW: same settings. The defaults are all the same as the TOS version.
ST_VWAPMax_EndofDay TOS settings
End of Day anchors
Daily chart
"Anchored"
Minor High Max
Minor Low Max
Intraday anchors
1-minute chart AM (pre-11:30 ET)
2:00 ET 0200 AM ET
7:00 ET
9:30 ET
About - VWap Max
About - VScore
https://intercom.help/simpler-trading/en/articles/3210561
About - VProfile
https://intercom.help/simpler-trading/en/articles/3341484