What is VWAP on Webull? And How to Add it

VWAP on Webull is a chart indicator that draws a line on a stock chart. It tells you what the average price of number of shares bought, multiplied by the share price, and then it’s divided by the total shares bought.

Is the VWAP Bearish or Bullish?

Typically, when the price action is above the VWAP, this indicates a bullish trend.

When price action is below the VWAP, it indicates a bearish trend.

How to Add VWAP on Webull?

Here’s a quick getting-started guide.

Step 1. Select Indicator Icon on Chart Tool

To add the VWAP indicator to a Webull chart, you’ll have to select the indicator icon.

Step 2. Select VWAP Indicator

Once you select the indicator icon, you’ll get a quick selection of indicators.

If you don’t see the VWAP indicator available, go ahead and click on the Indicators dropdown, and find the VWAP indicator on the Main Chart section.

Step 3. Configure VWAP

The only thing you can configure for the VWAP is the color of the trend line.

What Other Indicator Works with VWAP on Webull?

The EMA9 is another great chart indicator that can be used with the VWAP on Webull.

This strategy is called the EMA9 and VWAP crossover. When used together, the VWAP and EMA9 create a great indicator for short-term momentum. Which can help to find great entry points on a trade.

When the EMA9 crosses over the VWAP on Webull, it typically indicates a bullish signal.

When the EMA9 crosses below the VWAP on Webull, it typically indicates a bearish signal.