VWAP
Volume weighted average price (VWAP) and moving volume weighted average price (MVWAP) are trading tools that can be used by all traders to ensure they are getting the best price. However, these tools are used most frequently by short-term traders and in algorithm-based trading programs. MVWAP may be used by longer-term traders, but VWAP only looks at one day at a time due to its intraday calculation. Both indicators are a special type of price average that takes into account volume which provides a much more accurate snapshot of the average price. The indicators also act as benchmarks for individuals and institutions that wish to gauge if they had good execution or poor execution on their order. (investopedia)
You can use Vwap in conjunction with any one of the truetrader pivots or OHLC levels when formulating your thesis for a trade.
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