Tradestation Indicator: VWAP (1-Minute Timeframe)

Product Features:

– The Volume-Weighted Average Price (VWAP) is a technical analysis indicator that is used to determine support and resistance levels, as well as to identify trend changes.
– This indicator is specifically designed for use on 1-minute timeframes, which makes it ideal for short-term trading.
– The VWAP is calculated by taking the sum of all trade prices over a specified period of time, and then dividing that sum by the total volume of trades over the same period.
– This gives you an average price that is weighted by volume, which can be more useful than a simple average price.

Key Usage Points:

– The VWAP can be used to identify support and resistance levels. When the price of an asset is trading above its VWAP, it is considered to be bullish, and when the price is trading below its VWAP, it is considered to be bearish.
– The VWAP can also be used to identify trend changes. When the price of an asset breaks above or below its VWAP, it can be a signal that the trend is changing.
– The VWAP is a versatile indicator that can be used by traders of all experience levels. It is a simple to understand and use, and it can be a valuable tool for identifying trading opportunities.

Benefits:

– Helps to identify support and resistance levels
– Assists in determining trend changes
– Ideal for short-term trading
– Easy to install and use

Detailed Specifications:

– Indicator Type: Tradestation
– Timeframe: 1- Minute
– Calculation: Sum of all trade prices / Total volume of trades
– Display: Line chart
– Parameters: Period (default: 14)

Additional Features:

– The VWAP indicator is fully customizable. Traders can change the period of the indicator, as well as the color and style of the line chart.
– The VWAP indicator is compatible with all versions of Tradestation.

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