Free Indicator Download
Read a brief overview below, then select your preferred charting platform.
Indicator Overview
This free indicator — which we call “Intraday” — is a custom tool that’s available for NinjaTrader 8, thinkorswim, TradingView, and TradeStation 10. It allows you to:
Plot intraday VWAP with optional standard deviation bands
Utilize presets for week-to-date or month-to-date VWAPs
Use cloud-coloring, dynamic plot styles, and other UI features
Display user-defined “tolerance” levels for deviation bands
This is one of the primary indicators we use to implement our strategy, serving as an essential visual reference point for any chart we analyze.
Drag the slider above to view a comparison of an intraday chart of SPY from 7/19/2022 with our Intraday indicator applied versus without.
When plotted alongside intraday VWAP, standard deviation bands help create a universally
applicable grid system that can be used to segment price action into distinct zones — each with a different set
of unique characteristics and expectations.
We utilize this grid for both broader chart analysis and specific trade mechanics like entry/exit signals,
defining risk, managing ongoing trades, and more.
Very few charting platforms provide sufficient built-in VWAP tools, and Intraday is intended to replace the
default VWAP indicator provided by any of the available platforms — thinkorswim, TradingView, NinjaTrader 8, and
TradeStation 10.