Triple VWAP Indicator

• Period 1: 10
• Period 2: 20
• Period 3: 30

The Triple VWAP indicator plots two lines on the chart.

1. The green line represents the VWAP line for a shorter period
2. The red line represents the VWAP line for a medium period
3. The blue line represents the VWAP line for a longer period

VWAP is a popular indicator that is followed by many traders. VWAP is an acronym for Volume Weighted Average Price. The indicator consists of volume and price and plots as a single line on the price chart.

The intraday VWAP indicator is calculated based on intraday data starting with the first candle of the day. Price and volume data are taken into account for each tick of each session. During the market session, the indicator starts anew every morning.

We can plot the VWAP indicator on any timeframe for a specific period instead of Intraday VWAP. VWAP is calculated based on price and volume over the period defined by the user.

A triple VWAP indicator plots three VWAP lines on a price chart based on parameters defined by the user.

The price above all three VWAP lines indicates a strong bullish trend and momentum. The price below all three VWAP lines indicates a strong bearish trend and momentum.

A bullish structure is formed by the short-term VWAP line above the medium-term line and the medium-term line above the long-term line. A bearish structure is formed by the short-term VWAP line below the medium-term line and the medium-term line below the long-term line.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.