( weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( and Price).
and a 50 period based MVWAP provides a baseline for the day trading strategy..
Green bars = price above both and Mvwap.. (for long positions)
Red bars = price below both 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.