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Their library VWAP is different to their premium VWAP.
It depends what you are trying to achieve with VWAP. If you only need it for the current day then the free one on FIO is just fine. If you are looking for advanced uses of VWAP and VWAP historical, then that will be something different.
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I believe he asks for $150.00 for a one-time site membership fee, and then you can download a large number of indicators (including this VWAP), as well as some Premium indicators that have an additional cost. This VWAP version is included in the membership, though.
Some, but not all, are also in the FIO download section (Elite membership only.)
He has indicated that he may make most of his NT8 indicators available on FIO, but that he currently is charging for access to downloads on his site to offset some of the cost of his time.
Elite membership = $100 one-time, LizardIndicators = $150 one-time... both are cheap if you trade, or aspire to.
All the available options can be confusing. Here's my take on your questions:
1. Elite section: since I have the SessionVWAP Daily from the download section (amaCurrentDayVWAP), I set the "Select session" to "Custom_Hours," the time zone to "Chart_Time," and the "Custom start time" to 10:30, and there it is, starting at 1030 my local time (I left the end time at the default, and it went to the session end. You can set that as well.)
So the elite section "Session" version has the option to choose either normal session or a custom time:
2. Lizard Site: first check that you are on the correct "Lizard" site. It can be confusing . There is an older "LizardTrading" site, but you want the LizardIndicators sit: home - LizardIndicators
Then, don't look under the Premium indicators. The Premium section does have a package of VWAPs for $345. But he also offers unlimited downloads (for site members) from a library of "non-Premium" indicators. If you go instead to "Indicator Library" and then scroll down to "Session Tools" and select it, you will see several VWAP options. I clicked on the regular Daily VWAP, got switched to a download page, clicked Download and ended up on a membership signup page. I assume that, at this point, if you take out a site membership for $150, you can proceed to download as many indicators from the non-Premium list that you like, and it's a lifetime membership, so you pay once, download many.
So what's the difference?
You can check out the Library page for the Session Tools (this is the $150 membership downloads) here: Session Tools - LizardIndicators . You can see Daily, Weekly and Monthly VWAP and TWAP available there. It appears to me that the Current Day VWAP is the same as the Current Day VWAP from the Elite download, which makes sense because it is his basic session VWAP. It looks like the other VWAPs here (weekly, monthly, TWAP) are also the same as in the download section, but I can't tell for sure without having downloaded from here.
You can check out the Premium page for Session VWAPs (this is the $345 for just the VWAP package) here -- scroll down to Session VWAPs: leading-indicators - Lizard Trader . It contains a number of VWAP-related indicators and some advanced options. You can decide whether you think these are what you are looking for or not. I haven't downloaded them so I couldn't say. (There is a free 2-week trial is you want to try them -- the indicator stops working after the time is up. There's no trial for the membership downloads, though.)
3. Other stuff: VWAP is so basic that there are lots of versions, but usually there is a cost.
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If you're already an Elite member, then the download section is, of course, free. If you wouldn't be Elite except to get the download, then it costs $100 to get access, also a lifetime membership. I wouldn't recommend going Elite just to get an indicator -- the bulk of the site content is made by Elite members, and much of it is in Elite-only threads in the Elite section, so without the Elite membership you are missing a lot of what is on the site. But that is an individual choice.
My quick take on the indicators on the LizardIndicator site is that there is a lot of material there that is available for the $150 membership, and that is currently only available there. @Fat Tails has stated that he eventually expects to make most of his work freely available as "open source" in the FIO download section, but he is currently charging for them to offset some of the cost of his time, which has involved considerable effort to bring them over to NT8.
You will have to weigh where the value is for you, between these options.
I'm also looking for a "session-less" VWAP though.. I'm thinking probably they would never be together in one indicator, but separate indicators - could be wrong though.
VWAP based on the # of bars back. An example of something similar is this SC indicator "ECIVwapChannel"
This tool includes few VWAP based indicators :
* ECIVwap
* ECIVwapAnchorVwap
* ECIVwapChannel
* ECIVwapBracket
Version 1.4 Compiled under V1210.
The ECIVwap computes Volume Weighted Average Price for Daily/Weekly/Monthly/Quarterly/Yearly …
(1) The SessionVWAP available in the download section of https://www.nexusfi.com/ is the same SessionVWAP as is available in the LizardIndicators Library.
Version 2.5 October 27, 2019
The Current Day VWAP is the volume-weighted average price (VWAP) of a security for the current day’s trading session. The VWAP gives a fair reflection of the market conditions throughout the trading day and is probably …
(2) A VWAP that is based on a lookback period in bars is called "Volume weighted moving average". It is available as a NinjaTrader default indicator (VWMA).
If you need standard deviations bands added to this indicator you would ideally take volume-weighted standard deviations. I do not actually have an indicator that comes with volume-weighted standard deviations, but it would be possible to code one based on the standard Bollinger Bands. You would need to replace the SMA with the VWMA and then replace the standard deviation bands with volume-weighted standard deviation bands. As a proxy you could use a range weighted moving average (RWMA) with standard deviation or mean absolute deviation bands.
Thanks, I have that one. It is more of an anchored VWAP and has one VWAP per chart.
The NT7 one shown creates a VWAP from each swing high or swing low.
(Notice the vwaps start at the swing points on the chart.
I know that seems weird but it is a good tool to find support and resistance levels automatically.
The image I loaded is a 60 min chart but it pulls the swing levels from any time period.
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