This shouldn't need much explanation. I like to use brown for the ground and blue for the sky. I mostly wanted to say thanks to @TradingView for giving us a free point-and-click anchored volume weighted average price tool. I can't get enough of it and I haven't thought much about 50-day moving averages in 2020. VWAP basically tells you the point at which a group of buyers is either underwater or not.
If price is above a line, the collective position of buyers since the beginning of the line are in profit. If price is below a line they are at a loss. I like to look at everyone that bought since the last bottom (brown) and everyone that bought since the last top (blue). You can see @alphatrends for how to properly chart a VWAP handoff but I like to generally feed the ducks like @Hedgeye above the blue line and add to positions as they break above VWAP consolidations. Keep an eye on the orderbook(s) in conjuction with vwaps and you will get a pretty good idea of when to feed the ducks and when to be a duck, and sometimes when to duck.
This isn't typically used on such short timeframes I don't think but works on any.
If price is above a line, the collective position of buyers since the beginning of the line are in profit. If price is below a line they are at a loss. I like to look at everyone that bought since the last bottom (brown) and everyone that bought since the last top (blue). You can see @alphatrends for how to properly chart a VWAP handoff but I like to generally feed the ducks like @Hedgeye above the blue line and add to positions as they break above VWAP consolidations. Keep an eye on the orderbook(s) in conjuction with vwaps and you will get a pretty good idea of when to feed the ducks and when to be a duck, and sometimes when to duck.
This isn't typically used on such short timeframes I don't think but works on any.