As per Wikipedia volume-weighted average price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon (usually one day). It is a measure of the average price a stock traded at over the trading horizon. But to understand VWAP in a simple manner here is a video from marketvision which explains VWAP in plain english which brings more visibility on the hidden facts of VWAP.
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Hi Rajandran, nice to see your blog on stock market, even I am blogging on same topic. Let us both share our knowledge on technical analysis. Even I have written an article on vwap for nifty future.
Hi, Raj,
I’ve tried to calculate Vwap of 2 days,
in the foll code wts the changes to be made
Bars_so_far_today = 1 + BarsSince( Day() != Ref(Day(), -1));
StartBar = ValueWhen(TimeNum() == 093000, BarIndex());
TodayVolume = Sum(V,Bars_so_far_today);
IIf (BarIndex() >= StartBar, VWAP = Sum (C * V, Bars_so_far_today ) /
TodayVolume,0);
Plot (VWAP,”VWAP”,colorOrange, styleThick);
I’ve tried to multiply Day()*2, but is shows error.
help me out here.