PROTECTED SOURCE SCRIPT
Multi VWAP with Label
Multi VWAP with Label
VWAP (Volume Weighted Average Price) is a trading benchmark that shows the average price an asset has traded at throughout a session, weighted by volume, so it tells you where most of the real money actually traded rather than just the last price; institutions use it to judge execution quality, and traders use it as a dynamic support/resistance level—price above VWAP suggests buyers are in control and strength is present, price below VWAP signals selling pressure—making it especially useful for intraday trading to avoid chasing bad entries and to align with smart-money flow.
VWAP (Volume Weighted Average Price) is a trading benchmark that shows the average price an asset has traded at throughout a session, weighted by volume, so it tells you where most of the real money actually traded rather than just the last price; institutions use it to judge execution quality, and traders use it as a dynamic support/resistance level—price above VWAP suggests buyers are in control and strength is present, price below VWAP signals selling pressure—making it especially useful for intraday trading to avoid chasing bad entries and to align with smart-money flow.
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.