VWAP Distance (%)Volume

Timeframe M1 · unit %

What it measures

The percentage deviation of the current close from the Volume-Weighted Average Price of all bars in the window. VWAP represents the average price at which volume transacted, serving as an institutional cost-basis reference.

How Janira reads it (bullish vs bearish)

A positive value means price is trading above the average volume-weighted cost. A negative value means price is below that benchmark. The further from zero, the more price has strayed from the session's equilibrium.

In plain language

Imagine everyone who traded in the session paid an average price - that's the VWAP. This indicator shows whether the current price is above or below that average, and by how much in percentage terms.

Scenarios

• VWAP distance strongly positive (+1% or more): price has moved well above the session's volume-weighted cost basis.
• VWAP distance strongly negative: price is trading at a discount to the volume-weighted average, potentially indicating selling pressure.
• VWAP distance near zero: price is hugging the volume-weighted equilibrium, often seen in balanced, low-conviction sessions.
• VWAP distance oscillating around zero: the market is rotating around institutional cost basis, typical of a range-bound environment.

More volume indicators

Janira computes VWAP Distance (%) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.