Since the introduction of the native TOS Volume Profile, I’ve had numerous requests to publish “those lines” that were a part of my original Volume Profile study. The lines are a chart period VWAP (Volume Weighted Average Price) and three VWAP standard deviation bands which default to 1/2/3 sigma but are user selectable. By chart period I mean that the VWAP is not by day or week (like the TOS version) but rather will display the VWAP for all the chart data displayed. I have migrated my own use to the TOS profiles so this makes the studies feel more like my own. Happy Easter!
thinkorswim Chart Period VWAP and Standard Deviation Bands 04/03/10
VWAP (Volume Weighted Average Price) and three VWAP standard deviation bands.