Intraday VWAP Pro

Great NinjaTrader 8 VWAP indicator for scalpers & daytraders

Intraday VWAP Pro is an important NinjaTrader 8 indicator that measures a trading session's average price by taking into account traded volumes. Trades with large volumes will impact more on VWAP calculations than trades with small volumes. VWAP is a CRITICAL benchmark of price that is used by big players. For more information, please read VWAP Definition and How to Trade VWAP.

The major use of Intraday VWAP Pro is to help identify the intraday TREND of the market. When the price is above VWAP, the market is in an uptrend; when the price is below VWAP, the market is in a downtrend. Therefore, this NinjaTrader 8 VWAP indicator can be used as a very powerful trend filter: we take only long signals when the price is above VWAP, and take only short signals when the price is below VWAP.

Second, our NinjaTrader VWAP indicator can be used as a support/resistance indicator. For this purpose, we added S1/R1, S2/R2, S3/R3, S4/R4 which are user-defined offsets from VWAP. The offsets can be specified in multiple units:

• Standard deviation: 3 different formulas to compute StdDev
• Day-based unit: Prevday's range or Today's range
• Bar-based unit: Today's average bar range

Providing various types of offset is what really makes ninZa.co's Intraday VWAP Pro for NinjaTrader 8 unique & distinctive among many VWAP versions on the market. We also added an option for volume power to let you decide the power of volume that will be used in weighting: square root of volume (power = 0.5), normal volume (power = 1), volume squared (power = 2), volume cubed (power = 3)...

Our innovative ribbon (which can be placed at the top or bottom) visually tells you how bullish/bearish the market is. For example, when the market reaches S3/R3, the ribbon is MORE red/blue than when the market is somewhere near S1/R1. Very convenient, right?

The VWAP line can be colorized to reflect whether the market is above or below VWAP. Chart background can also be painted for the same purpose.

All of the plots in our great NinjaTrader VWAP indicator (VWAP and S/R lines) are rounded to the nearest tick size.

• Plot VWAP
• Allow configuring volume power
• Allow smoothing VWAP with SMA
• Plot S1/R1, S2/R2, S3/R3, S4/R4 which are user-defined distances from VWAP
• Allow specifying S/R offset unit based on StdDev: 3 different formulas
• Allow specifying S/R offset unit based on day data: Prevday's range or Today's range
• Allow specifying S/R offset unit based on bar data: Today's average bar range
• Allow configuring S/R offset multipliers
• Paint regions between VWAP and S/R lines
• Colorize VWAP to show uptrend vs downtrend
• Paint background to show uptrend vs downtrend
• Display how bullish/bearish the market is with an innovative ribbon
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals

• Signal_State:
  • 5 = above R4
  • 4 = from R3 to R4
  • 3 = from R2 to R3
  • 2 = from R1 to R2
  • 1 = from VWAP to R1
  • -1 = from VWAP to S1
  • -2 = from S1 to S2
  • -3 = from S2 to S3
  • -4 = from S3 to S4
  • -5 = below S4