VWAP Indicator

Quote from RenkoTrades:

I know two quant groups that make a lot of money trading full auto. Both of them told me vwap was backtested heavily with no advantage found at all for potential s&r or trade set ups.

I have looked at vwap and after a week I could not find any tangible use. Trading simple is the best answer. Follow the price action and stick to trends.
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Ya discretionary trading takes into account a lot...for better or worse. I like at least finding out ways to dimension or profile a market......
 
Quote from RenkoTrades:

I know two quant groups that make a lot of money trading full auto. Both of them told me vwap was backtested heavily with no advantage found at all for potential s&r or trade set ups.

I have looked at vwap and after a week I could not find any tangible use. Trading simple is the best answer. Follow the price action and stick to trends.
More...

some people use RSI, Stochastic and MACD. I can't. doesn't mean those studies are useless.
Trade simple and stick to trends - I agree.

BTW, did you look at intra day VWAP or longer term? if longer term then what program? I'm still looking for it . If short term then I agree with you - not so great.
 
Quote from cdcaveman:

Did you try ninja trader yet... its free.. I'm almost positive you can get it done there
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I downloaded ninja about a year ago and it seemed very not user friendly so I deleted it at once, I wouldn't know to program it anyway.
 
Quote from eldorado1:

I downloaded ninja about a year ago and it seemed very not user friendly so I deleted it at once, I wouldn't know to program it anyway.
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you can change the period for mvwap...

<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/255/mvwap.png/'><img src='http://imageshack.us/a/img255/1582/mvwap.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>
 
Quote from eldorado1:

some people use RSI, Stochastic and MACD. I can't. doesn't mean those studies are useless.
Trade simple and stick to trends - I agree.

BTW, did you look at intra day VWAP or longer term? if longer term then what program? I'm still looking for it . If short term then I agree with you - not so great.
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I have looked at session and multi-session vwap with nothing special standing out imo.
 
Quote from cdcaveman:

your in love with Renko though . haha
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For vwap I looked at all time frames and nothing is really there to work with. Minute, hourly, tick, volume, etc. I do not see any value in vwap from my research.
 
Quote from RenkoTrades:

I have looked at session and multi-session vwap with nothing special standing out imo.
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I know exactly why I want the VWAP I want.
 
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