# Time-Weighted Average Price

{% embed url="<https://www.youtube.com/watch?v=7PK1oT6y3_c>" %}

## What is the Volven TWAP?

TWAP stands for “time-weighted average price" and is a well-known algorithmic trading strategy from traditional finance. Rather than executing a single market- or limit order, Volven TWAP distributes the trades across a given time period.

By predicting market movements, Volven TWAP aims to have the best execution possible, and a good execution is the holy grail of trading.

### Cost-effective trade execution

We focus on developing strategies that provides long-term benefits for our clients. The TWAP aims to achieve the highest rate of passive trade execution, lowering your commissions and increasing spread capture. It holds the discretion to capture momentum, volume surprises and other predicitive movements.

### How to place a Volven TWAP?

<\<Youtube link to launch tutorial>>

### Optional parameters

<table><thead><tr><th width="259">Parameter</th><th>Purpose</th></tr></thead><tbody><tr><td>Price Limit</td><td>Upper barrier for buying, or lower barrier for selling. Prevents your strategy from buying at an unfavorable price.</td></tr><tr><td>Happy Level</td><td>Price level where you are happy to fill the remaining size of the strategy. Strategy will fill as fast as possible at the happy level regardless of the remaining time.</td></tr><tr><td>Trigger Price</td><td>Determines the price where the strategy will start. Meaning the strategy will be waiting until the market crosses the trigger price.</td></tr></tbody></table>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.volven.io/strategies/time-weighted-average-price.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.