Price Action (VWAP)

The Price Action (VWAP) algorithm determines trend direction with calculations based on the Volume Weighted Average Price technical indicator.

To view the VWAP line on the chart, activate Display VWAP line in the Visualizations section.

VWAP Visualization: Purple = bear trend, Gold = bull trend.

VWAP Source

Sets the source used to calculate the VWAP:

• Open - open price

• High - highest price

• Low - lowest price

• Close - closing price

• Hl2 - average of high + low price (H+L/2)

• Hlc3 - average of high + low + close price (H+L+C/3)

• Ohlc4 - average of open + high + low + close price (O+H+L+C/4)

• Hlcc4 - average of high + low + double-weighted close (H+L+C+C/4)

• Vol - ETH: Volume - Ethereum volume

• Vol - ETH: Volume MA - Ethereum volume moving average

Elements of other indicators loaded on the chart can also be set as a Source. This allows the use of Lendal Visualizers as Confluence factors.

Lendal Visualizers as a data source

Periods

Sets the number of lookback periods used to calculate VWAP.

Smoothing

Sets the amount of smoothing applied to VWAP calculations. Increasing this number will make VWAP less sensitive to volatility within a candle.

Change Slippage %

Specifies the percentage price change from baseline required to trigger a trend change. Increasing this value will decrease the frequency of trend changes in volatile conditions.