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Picture of VWap Bars

VWap Bars

VWAP Bars (Volume Weighted Average Bars) are candlestick charts where each candle is based on the VWAP instead of the traditional open-high-low-close (OHLC) price. VWAP is a trading indicator that calculates the average price a security has traded at throughout the day, weighted by volume. It provides a clearer picture of the market's average trading price, especially in intraday trading.
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Manufacturer: nt8indicators
SKU: VWB
Vendor: nt8Indicators
$9.90

How VWAP Candles Work:

  • VWAP is calculated as: VWAP=∑(Price×Volume)∑(Volume) where "Price" is the typical price of each candle Price = (High + Low + Close) / 3 

  • Each VWAP Candle uses the VWAP value for the period as its close. The open price is the VWAP from the previous period, and the high and low are calculated similarly based on the price data weighted by volume.

Characteristics of VWAP Candles:

  • The close price of each candle corresponds to the VWAP for that period.
  • The high and low prices are derived from the highest and lowest points reached in relation to the VWAP during that period.

    They are supposed to be used in conjunction with another bar type as shown on the product picture
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.