Volume Weighted Average Price (VWAPI)
VWAP is the ratio of the value traded to total volume traded over a particular time horizon (usually one session). It is a measure of the average price a stock traded at over the trading horizon.
It is calculated by summing the price & volume of each bar or tick, over the entire session, and then dividing that by the sum of the volume for the session.
The VWAP Indicator has options to draw one or two bands around the VWAP, as well as a variety of options for computing those bands. The options for Band Basis include:
