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TheVWAP - Aspect
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 most effective when paired with an intraday VWAP and is all about confirmation — telling you that ‘position’ is diverging from price, that slope is intensifying (or decaying), or that volatility is normal or abnormal.
Inputs include aspect type, slope length, sensitivity type or custom sensitivity input, and threshold.
Use the link below to obtain access to this indicator.
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 most effective when paired with an intraday VWAP and is all about confirmation — telling you that ‘position’ is diverging from price, that slope is intensifying (or decaying), or that volatility is normal or abnormal.
Inputs include aspect type, slope length, sensitivity type or custom sensitivity input, and threshold.
Use the link below to obtain access to this indicator.
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