I don't know what DeMark Indicators are.
VWAP is determined by taking all of the trades, weighted by their volumes, and then coming up with an average price.
For instance:
9:30 the stock trades $5, 1000 shares
10:30 the stock trades $5.50, 2000 shares
11:30 the stock trades $5.25, 3000 shares
VWAP = (5(1000) + 5.50(2000) + 5.25(3000)) / 6000 = 31750 / 6000 = $5.2916
Typically it's computed daily.
More info:
http://en.wikipedia.org/wiki/VWAP