VWAP as the price suggests it's the average of the volume weighted(in relation) to price.
It is calculated between any two intervals.
One can identify the general trend through VWAP.If VWAP is near to the high then bullish and if near to low then bullish.
In a given interval VWAP gives the price at which most of the trades are taking place
Exactly
Two years back,i had posted this thread with met with Zero activity.My search also ended w/o success.
Since then,lot of water had flown under the bridge.
Even the Link i had posted is defunct.
But,by lucky accident,i came across
Karthik's excellent Strategy using the
VWATP for which again No one showed any interest initially .
However,as the system was very
successful & profitable,i had repeatedly made many posts with charts to impress upon my fellow traders to follow & benefit.
At last,to my satisfaction,it has caught the fancy of many traders in this Excellent Forum & all r benifitted & continue to reap profits in this ocean of trading.
Rest is History.
Our thanks to
Karthik once again for sharing this simple strategy.
Anant had made it more simple by developing & posting the s/w for identifying stocks for position trading as well.
And last but not the least,i have also been rewarded with a
Free excellent s/w by
ashish & more by
Anant & Murthy.