Colored VWAP

Colored VWAP is a variation of the Volume Weighted Average Price (VWAP) indicator that enhances visual interpretation by using color changes to reflect price action relative to the VWAP line. It plots the VWAP on intraday charts and changes the color of both the VWAP line and the price bars based on whether the current price is above or below the VWAP, helping traders quickly gauge market trends and momentum.