The Volume Weighted Moving Average is the sum of the number of shares bought times share price divided by the total number of shares bought:
It can be used as a support and resistance type indicator where price is “attracted” to the VWAP. Moving below the VWAP shows weakness, above strength.
The !RL _VWAP has a couple of inputs:
Property Inputs:
Price for a bar is used to calculate the share price. True VWAP does a running total on a tick by tick basis. This indicator averages the price per bar and divides the answer by the total number of trades made on that bar.
You can put any formula you want on the price to calculate the average price for the bar.
Smooth will average the VWAP over a period of time.
DateORsession determines when the VWAP will reset. Set to a 1 VWAP resets on a date change. Set to a 2 VWAP will use the TradeStation session date and time to reset the VWAP.
Download
Supported by: seo expert from MENSK, Love and Relationships Forum, Dog Raincoats
