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Thanks for the tip! Any recommendation on a vendor for the VWAP indicator? I see there is a Fat tail VWAP from Lizard Indicators. Wonder if that is the one you are talking about that we can modify the settings.
If you find a vendor who is telling you that their super indicator will make all the difference in your trading, the best idea usually is to go somewhere else.
If you are interested in ideas to use VWAP in your trading that are actually useful, you will find many traders posting here who use it. There is a currently active thread on the subject here, in fact (especially some of the more recent posts by @JonnyBoy):
Hello,
in the stock world, vwap is an indicator widely used in particular with big professional money managers that use it to asses the performance of traders.
Is this indicator relevant in the stock index futures world? Is it used and watched by …
There are other threads that can be helpful as well. Just typing "vwap" in the Search box will show a great many.
Vendors may provide products and services of value, but a certain skepticism is generally wise, and the more they promise and cost, the wiser it becomes.
Just saying....
And good luck with your trading.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Hi Sharmas,
Sorry for the late reply. This is great. I found it in the download section and it is very similar to what I have been using. Appreciate the help!
Hi Bob. Sorry for the late reply. You are spot on Sir. Most vendors that I have dealt with rely on people paying for a developed strategy based on a particular indicator or simply provide education. Luckily the vendor that I had used has fantastic customer support and was able to refund me my money. I have to say thought that the strategy that is based on VWAP had around 60% of winning rate when I back tested it. Unfortunately I never saw that result in live trading,but that could be just me.
Having just seen this thread, I wanted to share my experience with Tunnel Trader.
I purchased the indicator. I liked the concept because it has a stop and a target. At least in theory.
However, it is nothing more than an existing indicator with some additions. And it has not done well for me. Stopped out many times.
The kicker in the butt is I already owned it. If you have a Ninja Trader 8 license, you get the very same indicator under Order Flow VWAP. Being ignorant of so many things, I jumped into a thousand-dollar indicator before knowing. Too bad I didn't read the futures.io reviews? As they say, " Im so bright my father calls me son."
Here I had the indicator on my NT8 and didn't even know it.
Nevertheless, when you place the Tunnel Trader on the chart at the same time as the VWAP you can't tell the difference except for the colors.
I like Josh, and I don't mind paying what is fair for an indicator that has creativity. But I don't see the creativity. I was really disappointed with this one.
I was also looking at the Destination Trader because it also provides targets, but will it really help me? If anyone knows anything about the DT, please let me know. Especially if it is already on my platform.
Thank you