In this lesson, David takes another stock on the NinjaTrader platform, and this time, it’s EBAY, to which he applies the MVWAP indicator across multiple timeframes as before.
Remember, unlike the VWAP itself, the MVWAP is a continuous calculation and so the indicator passes seamlessly across the various open and close points on the chart to give a smooth rendition and a constant view of the VWAP in this way. It is one he himself prefers for this reason, as the first 15 or 20 minutes of price action can be confusing when the markets first open, and using this variant provides additional clarity during this phase of price action.