Price Action perspective using VWAP+SD and TF AMAs

pratapvb

Well-Known Member
Sir

I get confused using vwap and 2days vwap, can you please suggest any other simple way to define bias to trade with AMA bands?
one possibility is to go one TF higher and see that bias... here it is shown with 60ama .... but I have not used it like that so you may need to backtest

 

Rehab

Active Member
Sir,I dont have Amibroker for some error in real time data(free utility by Josh).

What ma/sma should I use if I have to take a trade as vwap?
I mean which ma/sma is equivalent as vwap black line.Generally I take trade below or abv vwap and these days used to consider AMA.

in short,I'm looking for sma/ma combination which will take place of vwap for few days..

thanks
 
Pratap Sir,

5 ama & 15 ama together doesn't work on crude oil chart, though they looks clearly for Nifty charts etc.
sir, why should we use 5ama when we are trading 5 mins price charts ? 15 ama & VWAP ok right ?
 

pratapvb

Well-Known Member
Pratap Sir,

5 ama & 15 ama together doesn't work on crude oil chart, though they looks clearly for Nifty charts etc.
sir, why should we use 5ama when we are trading 5 mins price charts ? 15 ama & VWAP ok right ?
so test something else....whatever works and makes money is fine....what I have said here are only the tools and some possible suggestions of use....you can change it as per your testing
 

pratapvb

Well-Known Member
Sir,I dont have Amibroker for some error in real time data(free utility by Josh).

What ma/sma should I use if I have to take a trade as vwap?
I mean which ma/sma is equivalent as vwap black line.Generally I take trade below or abv vwap and these days used to consider AMA.

in short,I'm looking for sma/ma combination which will take place of vwap for few days..

thanks
no simple ma or ema can substitute vwap as that is volume weighted....but vwap is same as ATP on broker terminal so it is there no?
 

Mungus

Well-Known Member
Pratap Sir,how to trade AMA in 1TF?
trading 5TF is bit late for me as a scalper mindset and sometimes I end up buying high of the candle and market turns from there. :(
Pls shade some light on this area.

Thanks
 

vijkris

Learner and Follower
@pratapvb: Thanks, but I didn't understand. Can you please indicate where should these changes be effected in the revised grid so I can understand better please?

Thank you.
[/QUOTE]

in the last two rows change vph to vah and vpl to val.
 

pratapvb

Well-Known Member
Pratap Sir,how to trade AMA in 1TF?
trading 5TF is bit late for me as a scalper mindset and sometimes I end up buying high of the candle and market turns from there. :(
Pls shade some light on this area.

Thanks
try 2min ama with 2min pvt and see
 

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