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VWAP
Volume-Weighted Average Price — the session's true average price, weighted by volume, and an institutional benchmark.
What it is
VWAP is the running average of price weighted by traded volume, reset each session. Institutions benchmark executions against it, algorithms revert to it, and intraday traders use it as dynamic support/resistance and a bias line.
Why it matters
Price above a rising VWAP = buyers in control; repeated rejections at VWAP from below = distribution. It's one line that summarizes the session's auction.
NQ example REAL SCENARIO
NQ opens down, reclaims VWAP at 10:05am, retests it from above at 10:20 and holds — that hold is the classic 'VWAP flip' long that trend days are built on.