VWAP is a powerful concept. It denotes the fair price that is traded in the market. In other words, it represents a variance of POINT OF CONTROL (POC) which is a Market Profile / Volume Profile Concept. It is a leading indicator as it is dependent on the price and volume . Usually VWAP is used for intraday trades and Trading view as an in built indicator which works only for intraday. This script plots daily vwap , monthly vwap , quarterly vwap and yearly vwap . The suggested combination is : intraday charts - daily vwap daily charts - monthly and / or quarterly vwap weekly charts - quarterly and / or yearly vwap