The VWAP Pack includes Intraday VWAP with current and previous levels, Price to VWAP indicator to output the position of Price and a Market Analyser Template!
VWAP is short for Volume Weighted Average Price. It’s the ratio of volume traded at price to the total volume traded during the session. Market makers often measure their order execution effectiveness relative to the Sessions VWAP. It’s quite common to have reactions to VWAP and the respective standard deviations.
Prices above the VWAP reflect a bullish sentiment and prices below the VWAP reflect a bearish sentiment.
The Intraday VWAP is high resolution meaning it uses tick data providing you with the highest precision. Can be used in intraday all bar types!
Provides you with the respective standard deviations from the VWAP.
Provides quick context by also displaying the previous session VWAP and Extensions!
Price To VWAP is the derived indicator that allows you to view the relation between current Price and Current VWAP. This tells you what is the position of price in relation to the current VWAP.
Price To VWAP outputs is a normalized value so you can use in Market Analyser very comfortably. You don’t need to depend on VWAP’s that only output price. You can use Price to VWAP in conjunction with alerts to be alerted when an instrument’s price as reached the second standard deviation, for example.
VWAP Pack also ships with a Market Analyser Template so that you don’t waste any time configuring Market Analyser column. You only need to add your instruments and Market Analyser will start monitoring Price to VWAP distances.