VWAP in Rule-based Strategy?
Author: jholmberg083
Creation Date: 8/29/2019 3:47 PM
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jholmberg083

#1
I would like to try back-testing some VWAP strategies but I can't seem to find this indicator in the list of Conditions. Do I need to download some sort of add-in? Thanks in advance for your help.
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Eugene

#2
Yes, Community Indicators library. Restart WLP to apply. On how to use any indicator in Rule-based Strategies (Conditions), check this out:

Community Indicators in Rule Based Strategies

The referred Flash video is very old and may require a browser plugin to play. It deserves a revamp to be uploaded to our Youtube channel. :/
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jholmberg083

#3
Awesome, thanks Eugene! I'll check it out soon and let you know if I run into any problems.

FYI, the classic VWAP strategy (buy when it crosses above, sell when it crosses below) has a 100% win rate (3 for 3) on the SPY 1 minute chart so far today, that's what piqued my interest.
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Eugene

#4
Jeff,

Just in case you have trouble playing that video, the Wealth-Lab User Guide (Help menu) has a chapter which clearly explains it:

Strategy Window > Strategy Builder > General Rules
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jholmberg083

#5
Eugene,

When I hit "download", it downloads a file called "Community.Indicators_2019.06.wle". I wasn't sure where on my hard drive to save it so that Wealth Lab knows what do with it. I tried saving it to:

1st: C:\Program Files (x86)\Fidelity Investments\Wealth-Lab Pro 6, and
2nd: C:\Program Files (x86)\Fidelity Investments\Wealth-Lab Pro 6\Data\Rules

Each time I tried closing Wealth Lab and re-opening it, then building a new strategy that looks to General Indicators, but couldn't find VWAP in the list.

Next I tried clicking on the Wiki page, and found a link called "attachments" in the upper right corner. I downloaded a zip file called src_WealthLab.Indicators.Community.2019.06, extracted all files to a new folder, but again wasn't sure where to copy them into my hard drive so that Wealth Lab can find them.

An suggestions? Thank you,

Jeff
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Eugene

#6
Jeff,

I instructed you how to install extensions in your support ticket but let me repeat for your convenience. On how to install or update Wealth-Lab extensions, please review this illustrated tutorial and/or the Wealth-Lab User Guide > Extension Manager.
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jholmberg083

#7
Eugene,

Thanks for the reminder, I forgot about those instructions. Got it working now. Thanks again for the help,

Jeff
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Eugene

#8
Glad to hear.
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