VWAP

VWAP stands for the Volume Weighted Average Price indicator. The trader can add this indicator to their chart by right clicking the chart and selecting Study Config to open the study configure window first, then select the “VWAP” study from the Available Studies list and add it into the Current Studies list.

Explanation of Each Field

Line Style: Allows the user to use the drop down menu to change the line style, width and color.

Anchor Period: Allows the user to adjust the study period for the Volume Weighted Average Price; “0” represents all.

Calculate VWAP for Pre/Post Market Hours: Check the box to also draw a VWAP line for pre and post market hours.

Std Deviation Settings: Allows the user to add standard deviations of VWAP:

  • Std Dev: Set the number of standard deviations to be visible on the chart.
  • Show Upper Line: Enables/disable the visibility of the upper standard deviation line.
  • Show Upper Color: Allows the user to change the upper line color, style and width.
  • Show Lower Line: Enables/disable the visibility of the lower standard deviation line.
  • Show Lower Color: Allows the user to change the lower line color, style and width.

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