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Re: Re: Re: [sharechat] Stockness: The significance of V.W.A.P / Iguana staff

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Thu, 4 Oct 2001 13:36:00 +1200

Robin,

Traders will use VWAP and know the shortcomings in those cases, you refer to.

The dumping of a very large parcel is a case in point. Previous trades may have been small volume ones with say much higher prices.

However, it remains a practical tool. Stockness will show VWAP as well as actual trades and volumes. The trader will look at both as well as his TA.

Guyana2 gives the impression that the programming was done according to the concept. The definition of VWAP is not new.

It is a common process in sales where volumes and corresponding prices are used to derive a mean weighted price. I have used it frequently to obtain other values.

By nature, trading never stops and VWAP is constantly being updated.

An important contribution of yours, I feel. Your post certainly defines the limits!

Gerry

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