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one question : isn't there NT8 versions ? and as these are NT7 , then do the MP require NT7 to be open always to backfill tick data ? what will happen if i close NT7 and reopen it later : will still MP able to draw itself without backfill tick data ? you got my point ?
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- Trade what you see. Invest in what you believe -
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There are 3 different types or flavors of VWAP out there.
1. The FIRST VWAP is like many of the VWAPS available out there such as the Htech.net version ( VWAP plus) and here on Big Mikes, er, Futures io which take a cumulative bunch of candles within a day's time period or session. And then give the deviations for that VWAP.
2. A SECOND Flavor of VWAP is the VWAP of each individual candle. Linn Software(R/T) can put this on each individual candles regardless of the time frame of the candle. It puts a VWAP dot for each candle.
3. A THIRD Flavor of VWAP is where the VWAP is not for the whole day or session or individual candle like the first or second types mentioned above but is a VWAP of a user defined area. For example, you may want the VWAP of an upswing that has 9 candles in it. You draw a Market Profile box around those 9 candles that make up the swing, then it puts a single line where the VWAP is for those 9 candles. Or a box around 22 candles, for example, etc., etc. OFA has this type of VWAP and so does Ninza.com( named Market Profile Flexible). This VWAP is used in "reversion to the mean" also. Hope this helps someone to choose the right VWAP. RR I don't have any affiliation with any of theses companies.
To be honest, I wouldn't get too deep into this. A VWAP that performs as per the description from Stock Charts is more than enough, and these are available on FIO.
All the traders I know that use VWAP are only interested in the VWAP of the session, not broken down into a chunks.
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- Trade what you see. Invest in what you believe -
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curious if anyone has used the (specifically) TPO products from Rancho & Fin-Algo both are priced around the same but curious from those that use TPO quite extensively which of the two is more versatile...or pro's/cons etc.
thank you...