A Field guide to VWAP

Description

VWAP is one of the most watched lines on an intraday chart, and one of the least explained. Most traders have it on screen. Few could say exactly where it starts, why it sits in a different place on two platforms, or whether price really respects it.

This field guide puts everything about VWAP in one place, with more pages on using it than on theory.

• The line itself: how VWAP is calculated, worked through by hand, and how to set it up on US stocks, index futures, currency futures, London and European shares, and crypto.
• The VWAP family: standard-deviation and percentage bands, anchored VWAP, weekly, monthly, rolling, and prior-day VWAPs, and how to use several lines together.
• Fifteen setup ideas: pullbacks, reclaims, fades, opening and gap setups, and anchored setups. Each one is turned into an exact rule you can count on any chart.
• Real charts, picked fairly: every setup is shown on real US market sessions, one case that worked and one that failed, chosen by a rule set in advance rather than by eye.
• Five real trading days: a trend day, a range day, a gap day, a reversal, and a news day, read candle by candle.
• The honest yardstick: what VWAP does on random prices, so you can tell real behavior from chance, and how to write and test your own VWAP rule before any real money is at risk.

This isn’t a trading system, and it doesn’t promise profits. VWAP is a guide, not a signal, and it’s never meant to be traded on its own. What this book gives you is a clear understanding of the line, a set of ideas worth testing, and the tools to test them properly.

Written for beginner and early-intermediate traders who see VWAP on their charts and want to know what it is really telling them.