VWAP: The Institutional Benchmark
The Breakdown: VWAP calculates the average price based on both volume and price. It is the most important intraday level for professional traders.
Why Traders Love It: It shows the “true” average price paid today. If the price is above VWAP, the bulls are in control; below it, the bears rule.
Pro-Tips for Success: Never go against the VWAP on a 5-minute chart. It is a self-fulfilling prophecy because big institutions use it to enter their orders.
Link: VWAP Standard