VWAP it GOOD

28 thg 10, 2024

Why: Instead of having 5 individual VWAP indicators, I found it beneficial for one view with a clean display. This VWAP indicator combines the daily, weekly, monthly, quarterly and annual into one color coded view. These colors and styles can be modified by the user.

A user can turn any timeframe off, but this is how I personally like to trade since it helps me better understand potential bounce or pullback areas.

Do your own research for what is best for you.

28 thg 10, 2024

Phát hành các Ghi chú

The volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts that resets at the start of every new trading session. It's the average price a security has traded at throughout the day, based on both volume and price. VWAP is important because it provides insight into both the price trend and value of a security.

Why did I make this indicator? Instead of having 5 individual VWAP indicators for the daily, weekly, monthly, quarterly, and annual, I wanted one view with a clean display. This VWAP indicator combines the 5 VWAPs into one color coded view that allow styles and colors to be modified.

I personally like VWAPs since it helps me better understand potential bounce or pullback areas.

Do your own research for what is best for you.