Any plans to add VWAP? Volume Weighted Average Price. Including Standard Deviation values.

[carloswm85]

First off, I know that this package is not for charting, but for calculations. I'm sharing all of this just for informative purposes.

I think it would be a great addition to this package.

The VWAP available by default in TradingView looks like this:

It is set to session view in this screenshot.

Here you can see the available settings:

The anchor period values:

Personally, I only make use of daily (session), weekly, monthly, quarterly and yearly values, when trading cryptocurrencies.

Source values:

The standard deviation settings, which look like Ichimoku bands:

I'll leave some references here:

• https://github.com/cinar/indicatorts/blob/main/src/indicator/volume/volumeWeightedAveragePrice.ts
• https://www.investopedia.com/terms/v/vwap.asp
• https://en.wikipedia.org/wiki/Volume-weighted_average_price
• https://www.tradingview.com/scripts/vwap/
• https://www.youtube.com/results?search_query=vwap

Thanks.

[bennycode]

Hi @carloswm85,

Thank you very much for your suggestion. I agree that adding more price calculations can enhance the library, especially since they can support generating trading signals. I've added the Volume Weighted Average Price (VWAP) in version 6.8.0 for you (and others 😅). Hope it proves useful in your work!

Best,
Benny

[carloswm85]

Thank you, @bennycode