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Vwap Signed
Vwap Signed
Vwap Signed
Volume weighted average price (VWAP). These tools are used mostly by short-term traders and
in algorithm-based trading programs. VWAP is often used to measure the trading performance
of smart money. Professional traders who work for investment banks or hedge funds and need to
trade large numbers of shares each day and cannot enter or exit the market by buying or selling
a large position in stock during the day, institutional traders compare their price to VWAP values.
Two words are used here (PVWAP and VWAP)
PVWAP is the end of vwap value of the previous day. VWAP is a current-day VWAP. PVWAP can be obtained
by plotting a straight horizontal line on the chart and looking where it was plotted at 3:30 pm. VWAP is
obviously current-day VWAP which can be obtained by plotting the VWAP indicator.
VWAP day Trading system
Step2: relative strength and weakness compared to sector and index(refer to intraday trading
course part 1)
If the respective sector is negative choose weak stock to sell. If index (nifty) negative. Choose weak sector