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11-06-2007, 12:54 AM
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VWAP gradient
Hi I am having fun with gradient colors now.
This paintbar examines absolute distance from the VWAP. It calibrates as the day moves on, so best as a short term intraday indicator. any suggestions on improvement? 
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11-06-2007, 01:01 AM
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Re: VWAP gradient
Here's a picture. So if you are in the green or neutral color, and are just chopping around there - that would be a good indication that the market is locked in a range.
A strong movement away from VWAP would change to a darker color, and a lightening of that dark color usually indicates a good pullback for entry - if that's your style.
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LinkBack to this Thread: http://www.traderslaboratory.com/forums/f56/vwap-gradient-2789.html
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| Posted By | For | Type | Date | |
| Traders Laboratory - forumdisplay | This thread | Refback | 11-06-2007 03:03 AM | |
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