0:04 you're listening to the number-one spot
0:07 fruit markets and trading market traders
0:12 TV learn some the V WAP is this
0:14 blue line that's also - this is kind of
0:16 press on if you are right the basic idea
0:19 of using it is if you you're looking for
0:21 long positions meaning you want price to
0:23 go up right you want to be buying below
0:27 average averages view up right okay I
0:29 should probably split view up is so it's
0:31 volume weighted average price is the
0:33 average price based off of volume and
0:36 price so it takes a weighted a weighted
0:38 volume against current price action all
0:39 biasing cells and gives you an average
0:42 of that so it's kind of like a moving
0:44 average but it's not a moving average
0:47 it's an absolute average of price based
0:52 on volume so the idea is you don't want
0:55 to be going long above you up you don't
0:59 want to be going short blue b1 you want
1:02 to look at places where either above and
1:03 below whichever directional bias you
1:06 have you want to be buying long below
1:11 and shorting short selling above that's
1:14 the basic gist now there are other
1:16 strategies to it like specifically on
1:18 trading view it's a 24 hour of volume
1:21 weighted average price each day session
1:23 which these volume profiles give you a
1:25 day session right each one of these is
1:29 24 hours right the volume of an average
1:30 price resets every day on treating to be
1:34 the indicator does so the good strategy
1:37 to use on top of just not going long
1:40 above view op etc is you can find where
1:43 averages between two days or three days
1:46 even find where average is by doing you
1:51 know a relative guess based on volume
1:53 where the V what might be so this is
1:58 where the resets right the reset right
2:01 here yesterday to this sharp decline so
2:03 just the what it does every single day
2:06 it resets to where current prices so you
2:07 can make it you can make an educated
2:11 guess about based on volume where you
2:13 think volume weighted average price
2:13 might be
2:20 and that is generally a good idea to
2:24 both take profit and potentially enter
2:27 positions and that's how it's one of the
2:30 factors that I use it's one of the
2:33 factors I use for creating these these
2:37 buy and sell take profit take profit and
2:40 our position boxes right I use volume
2:43 weighted average price with the previous
2:45 point of control or nice chunks of the
2:47 value area and support resistance to put
2:51 in these boxes for bra feed though both
2:55 taking profit and entering new positions
2:58 you're listening to the number one spot
3:02 for markets and trading market traders
