Intra VWAP Histogram

 

#intraday #volume #momentum 

Plots the gap between intraday price and VWAP as bars around zero (Price minus VWAP). Positive bars mean price is trading above the day’s volume-weighted average, negative bars mean below it. Bar height shows how far price has pulled away from where the day’s real business was done. 

Default period: Anchored to the day’s start (intraday only) 

Bars above zero indicate intraday bullish control. Bars below zero indicate intraday bearish control. 

Growing bars show price pulling away from VWAP, shrinking bars show it coming back. 

Useful readings: 

Bars cross above zero: Price reclaimed VWAP, intraday tone turned bullish 

Bars cross below zero: Price lost VWAP, intraday tone turned bearish 

Positive bars growing steadily: Trend day up, stay with longs 

Tall bars far from zero: Price stretched from VWAP, snap-back risk 

Bars flipping around zero all day: Balanced range day, fade the extremes 

Bars shrinking after a trend run: Move returning to VWAP, book profits 

Objective rules: 

Bullish: Histogram crosses above zero. 

Bearish: Histogram crosses below zero. 

Trend day rule: If bars stay one side of zero through the first two hours, trade only that direction 

Stretch rule: Bar height at day’s extreme, avoid fresh entries in that direction 

Exit: Histogram crosses back through zero against your position 

What makes it unique: 

It turns the day’s tug-of-war between price and the volume-weighted average into visible bars. Trend days and balance days become distinguishable at a glance.