Vwap and Mvwap

Day Trading - Made Easy

Vwap ( Volume weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( volume and Price).

and a 50 period vwap based MVWAP provides a baseline for the day trading strategy..

Green bars = price above both vwap and Mvwap.. (for long positions)
Red bars = price below both vwap and Mvwap .. (for short positons)
Gray bars = price in between both vwaps

* One has to apply this strategy along with momentum, major supports and resistances.
* add other confirmations for better trades.
Release Notes: updated with the few corrections in the calculations and fixed the bar color to appropriate

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