This blog is here to share the intersection of my two passions with the world. I’m a professional software engineer with a insatiable passion for trading. Now you can follow what I’m thinking and doing on these fronts. No fluff, just meaty content.
The great Brian Shannon of alphatrends.net introduced me to the Anchored VWAP indicator through his videos. I experimented with TC2000 with the free trial but never bought it. The anchored VWAP was always painful to use on other platforms taking many steps.
TradingView has a good anchored VWAP indicator but it’s not my trading platform and it’s expensive, but they do not have a VWAP drawing tool. TC2000 is the only platform I’ve seen the drawing tool on, prior to developing one for NinjaTrader. Having used the indicator on TradingView for about a year, I was getting tired of having to manually key in the anchor date every time I wanted to see a VWAP. Also, when I changed the symbol on the chart, because it was an indicator, the VWAPs would stay on the chart. This made it impossible to track VWAPs on different symbols.
This year I switched to NinjaTrader and decided I was going to develop the VWAP drawing tool and indicator for NinjaTrader 8. I present you the Anchored VWAP package for NinjaTrader!
The drawing tool allows for super quick and easy addition of VWAPs to your chart. The indicator can be used with NinjaTrader’s automated trading features. I tend to use the drawing tool for analysis because it’s quick and easy allowing me to add multiple VWAPs in seconds. Then when I want to put in an order, I’ll add the indicator to my chart and attach an order to it.
Anchored VWAP Drawing Tool
- click on a bar to add a VWAP from that point
- no limit to the number of VWAPs you can add to your chart
- drag the anchor or line/path to move to a different bar
- enter the date/time of the anchor
- displays VWAP from that point to the current price
- allows for attaching automated trading rules
- great for when you want to automatically trade based on a VWAP
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