244D-VWAP

■What is VWAP

The standard VWAP (Volume-Weighted Average Price) is calculated by taking *all trades* executed during a trading day, summing up “price × volume” for each trade, and then dividing by the total volume traded. In other words, it is an average price that reflects **how many shares were traded at which price levels**. On a chart it appears as a line, and whether the current price is above or below the VWAP can provide one gauge of market strength, or whether the stock is trading “fairly”, “cheaply” or “expensively.”

■Features of “244 D VWAP
This script displays the VWAP calculated over the past 244 days. It can also be switched to use a 1-hour VWAP or a 15-minute VWAP instead.

■How to use it
* If the price is *above* the 244-day VWAP → you might interpret this as “people who bought over the past year are — on aggregate — sitting on a profit.”
* If the price is *below* the 244-day VWAP → you might interpret this as “people who bought over the past year are — on aggregate — at a loss.”