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MTTV - VWAP - New Trader Basics - Mike | MarketTraders TV | YouTubeToText
YouTube Transcript: MTTV - VWAP - New Trader Basics - Mike
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Video Summary
Summary
Core Theme
The Volume Weighted Average Price (VWAP) is a trading indicator that uses both price and volume to calculate an average price, guiding traders on optimal entry and exit points for long and short positions.
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you're listening to the number-one spot
fruit markets and trading market traders
TV learn some the V WAP is this
blue line that's also - this is kind of
press on if you are right the basic idea
of using it is if you you're looking for
long positions meaning you want price to
go up right you want to be buying below
average averages view up right okay I
should probably split view up is so it's
volume weighted average price is the
average price based off of volume and
price so it takes a weighted a weighted
volume against current price action all
biasing cells and gives you an average
of that so it's kind of like a moving
average but it's not a moving average
it's an absolute average of price based
on volume so the idea is you don't want
to be going long above you up you don't
want to be going short blue b1 you want
to look at places where either above and
below whichever directional bias you
have you want to be buying long below
and shorting short selling above that's
the basic gist now there are other
strategies to it like specifically on
trading view it's a 24 hour of volume
weighted average price each day session
which these volume profiles give you a
day session right each one of these is
24 hours right the volume of an average
price resets every day on treating to be
the indicator does so the good strategy
to use on top of just not going long
above view op etc is you can find where
averages between two days or three days
even find where average is by doing you
know a relative guess based on volume
where the V what might be so this is
where the resets right the reset right
here yesterday to this sharp decline so
just the what it does every single day
it resets to where current prices so you
can make it you can make an educated
guess about based on volume where you
think volume weighted average price
might be
and that is generally a good idea to
both take profit and potentially enter
positions and that's how it's one of the
factors that I use it's one of the
factors I use for creating these these
buy and sell take profit take profit and
our position boxes right I use volume
weighted average price with the previous
point of control or nice chunks of the
value area and support resistance to put
in these boxes for bra feed though both
taking profit and entering new positions
you're listening to the number one spot
for markets and trading market traders
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