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The custom indicators were originally created on TDAmeritrade’s thinkorswim, but have since been replicated on both NinjaTrader and TradingView. Please note that two of the six indicators — Dashboard and Average Volume — are not able to be created for TradingView, but they are not critical and their absence will not prevent you from effectively trading the strategy.

Intraday, Aspect, DateVWAP and EventVWAP are the four most important indicators, and they are all available on each of the listed platforms.

Aspect measures any one of three critical VWAP elements —

1) Position: price distance from VWAP in standard deviations as a subgraph indicator

2) Slope: rate of change of VWAP to detect incrementally rising (or waning) directional aggression

3) Deviation Size: using VWAP standard deviation bands as a proxy for expected range, comparing current volatility to historical (‘typical’) volatility as a ratio

Aspect is all about confirmation — that ‘position’ is diverging from price, that slope is intensifying (or decaying), or that volatility is normal or abnormal.

DateVWAP gives traders the power to launch a volume-weighted average price and deviation bands from any user-input date. Anchor VWAPs to specific fixed dates and times (YYYYMMDD HHMM format) or, with the ‘DaysAgo’ setting, enable a recurring/rolling average that updates as new days elapse — for example, VWAP over the last five trading days.

This study allows traders to quickly gauge the average price since any date visible on the current chart, whether daily or intraday, with additional options to automatically identify — and launch VWAPs from — daily highs or lows. As such, multiple copies of this indicator can be layered on the same chart with distinct colorization for clarity.

Just as the name implies, Dashboard contains several useful VWAP metrics like price in relation to VWAP (dollars, percent, and StDev) as well as automatic viable position sizing estimation. Each metric can be separately hidden according to preference and the position size calculator is customizable to fit your particular parameters of risk and reward.

Appearing in the upper left corner of the chart, Dashboard allows traders to quickly assess a chart’s specific volatility in the context of — and its position relative to — the day’s volume-weighted average price.

Zach’s custom intraday VWAP study, including the standard average price and deviation bands along with color-coding to reflect the market’s current position and slope. As with the thinkorswim® VWAP, this can be applied to Day, Week or Month periods for ‘calendar resetting’ averages.

This is the backbone of our intraday strategy, as it reveals areas of support and resistance that would otherwise remain hidden and highlights them through custom colorization. As an essential visual reference point, this indicator creates the foundation for the primary trade setups we cover in our on-demand course.