VWAP + Pivot Points: The Complete PlaybookQullamaggie uses ONE intraday indicator. Here's the full system.(1/30)
2/VWAP = Volume-Weighted Average Price.
Not just a line. It's WHERE the majority of today's volume actually traded.
Above it = buyers in control. Below it = sellers in control.
Institutions live and die by this number.
3/Qullamaggie's rule:
"VWAP is fair value."
It's the ONLY indicator he uses intraday. De-cluttered 1-min and 5-min charts. No RSI. No MACD. Just VWAP.
There's an inverse correlation between indicators and profitability.
4/The formula:
VWAP = (Sum of Price × Volume) / Total Volume
Early big-volume prints dominate. Late-session prints barely move it.
This is why the open matters so much.
5/Institutions use VWAP as an execution benchmark.
Buy below VWAP = "cheap" Sell above VWAP = "expensive"
Their algos are literally programmed to track it.
That's why price keeps returning to it all day.
6/ ⚠️ The First 30 Minutes Rule:
VWAP in the first 30 min = unreliable.
Why? Cumulative volume is too thin. A few big prints distort the entire line. Fake moves everywhere.
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