Dynamic QuoteBoard Levels
This video describes how to have custom price levels in QuoteBoards that update dynamically throughout the session such as VWAP.
This video describes how to have custom price levels in QuoteBoards that update dynamically throughout the session such as VWAP.
VWAP is the ratio of the value traded to total volume traded over a particular time horizon (usually one session). It is a measure of the average price a stock traded at over the trading horizon.
It is calculated by summing the price & volume of each bar or tick, over the entire session, and then dividing that by the sum of the volume for the session.
The VWAP Indicator has options to draw one or two bands around the VWAP, as well as a variety of options for computing those bands. The options for Band Basis include:
This video explains how to implement the IOAMT VWAP Bands. This video will explain how to import and utilize the chart definitions below.