Exponential VWAP Indicator

Exponential VWAP Indicator
4 (80%) 6 votes

Two of the most common indicators I see used by traders are the EMA (Exponential Moving Average) and VWAP (Volume Weighted Average Price). Typically, traders prefer the EMA to a standard moving average because it will react faster to price movements, causing less lag than a standard moving average. Because the VWAP indicator uses a standard average calculation, we can remove some of the lag in this indicator by simply making it use an exponential formula. Our new Exponential VWAP indicator does just that, removing the lag that is present in standard VWAP indicators!

VWAP Indicator Comparison

vwap indicator

The chart above shows three moving averages, all of which are set to use a period of 30 bars for their calculations. The EMA appears to have the most lag, and is the only indicator that does not take volume in to account. The VWAP (or VWMA) looks to have less lag than the EMA, and the Exponential VWAP has the least lag of all three indicators. Are you intrigued?

Download Now:

Click the link below to download our Free Exponential VWAP indicator for NinjaTrader. The download contains unlocked code, so you are able to easily modify it as needed. If you need assistance modifying the code, please contact our very experienced NinjaTrader programmer .

NinjaTrader 7:
Exponential VWAP Indicator for NinjaTrader 7 (1109 downloads)

NinjaTrader 8:
Exponential VWAP Indicator for NinjaTrader 8 (100 downloads)

 

 

4 comments

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    • denis poirier on September 26, 2016 at 8:35 pm
    • Reply

    THANKS WILL TRY IT

    • Frank van de Zanden on December 26, 2016 at 5:01 pm
    • Reply

    Thanks.

    • jamie on June 22, 2017 at 8:25 am
    • Reply

    will this work in ninjatrader 8?

    1. The indicator is not yet available for NinjaTrader 8. If you join our mailing list, you will receive notification as soon as it is available.

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