244D-VWAP
The standard VWAP (Volume-Weighted Average Price) is calculated by taking *all trades* executed during a trading day, summing up “price × volume” for each trade, and then dividing by the total volume traded. In other words, it is an average price that reflects **how many shares were traded at which price levels**. On a chart it appears as a line, and whether the current price is above or below the VWAP can provide one gauge of market strength, or whether the stock is trading “fairly”, “cheaply” or “expensively.”
■Features of “244 D VWAP
This script displays the VWAP calculated over the past 244 days. It can also be switched to use a 1-hour VWAP or a 15-minute VWAP instead.
■How to use it
* If the price is *above* the 244-day VWAP → you might interpret this as “people who bought over the past year are — on aggregate — sitting on a profit.”
* If the price is *below* the 244-day VWAP → you might interpret this as “people who bought over the past year are — on aggregate — at a loss.”
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tabby73 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tabby73 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.