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Re: [EquisMetaStock Group] Re: VWAP



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MC,
Thank you for solving the formula. Its working and now I wanna to combine with standard deviation to get support/resistance. I hope I get something from this formula.
 
Regards,
Blitz


From: p_panther_73 <mchantzi@xxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Wednesday, August 26, 2009 7:33:23 PM
Subject: [EquisMetaStock Group] Re: VWAP

 

Blitz,
the problem is with the parenthesis.
Anyway, you may try this, more simple and more customizable:

Sum(V*L,3)/Sum( V,3);

Where, in the place of 3 you can place whichever period suits you.

Regards,

mc

--- In equismetastock@ yahoogroups. com, pumrysh <no_reply@xx .> wrote:
>
> Blitz,
>
> Most volume studies are worthless due to the fact that volume is seldom reported accurately. That being said VWAP is volume at price divided by total volume. You may be able to derive a daily or weekly value but I really doubt its usefulness.
>
> Preston
>
>
>
> --- In equismetastock@ yahoogroups. com, Blitz Krieg <greenrhinos@ > wrote:
> >
> > Hi, guys
> > I tried to make simplified VWAP application on my chart as indicator, so I can easily know where is support/resistance.
> >
> > Formula:
> > ((L*V)+(ref( L,-1)*REF( V,-2)+(ref( L,-1)*REF( V,-3))/(V+ REF(V,-1) +REF(V,-2) )
> >
> > BUT the result seems like only summation of Ln*Vn.
> > Guys, I need your advice about this.
> >
> > Thank you for your advice
> >
> > Blitz
> >
>




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