For Support And Resistance
Here’s how to use VWAP with the Midas indicators.
by George Reyna
Successful traders know how
important it is to evaluate volume
before taking a position in the
market. This concept has been
much discussed, but
understanding the relationship of
price behavior and volume is
usually an intuitive exercise.
Long-term success is based on
experience level and seasoned
judgment. On the other hand, volume-weighted average price
(VWAP) calculations can create powerful indicators that
graphically represent the interaction between price and volume
on one chart. This makes it easier to get a feel for market
psychology and spot potential major reversals.