if you
have entertained the idea of day trading
you have probably heard of bebop
short for
volume weighted average price we whop
is one of the most important
benchmarks
when looking at inner day charts
graphically showcasing some of
the most
important aspects regarding astocks movement in the short
term
providing
traders with insight into both the trend
and value of a security bebop
is
definitely a benchmark you want to know and
understand as you step into
trading
the goal of this indicator is relatively
simple on the surface similar
to moving
averages be Wahb will reflect a bullish
sentiment when prices are
above the
bebop and bearish when prices are below
what makes it unique is that
it takes
into account volume or to your mild
trading taking place eliminating
much of
noise that occurs throughout the day
helping traders gauge prices as its
root the
benchmark essentially helps you determine
whether your entry point is
good
confirming a trend and guiding you into any
decision you make to buy or
short the
volume weighted average price appears
as a single line on inner day
charts
similar to how a moving average looks
however these two indicators are