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Volume Weighted Moving Average with Bands in MT4 / MT5 Indicators_68922e7c602bf

Volume Weighted Moving Average with Bands

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Lolek555

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here is an indicator which is not standard moving average but it is volume weighted moving average based on tick volume and you can set also periods like on standard MA for example 20,50,100 etc. It also has 3 bands.

Volume Weighted Moving Average (VWMA) Explained:


Linkback: https://www.forex.zone/mt4-mt5-indicators/8/volume-weighted-moving-average-with-bands/3130/
#1 - June 26, 2020, 08:47:24 PM
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« Last Edit: July 14, 2024, 07:18:46 PM by Admin »

Ikhtiar

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The indicator you described is also interesting. Unlike standard moving averages, using a Volume Weighted Moving Average based on tick volume can provide a more accurate picture of price movements influenced by market activity.
#2 - February 04, 2026, 12:56:19 PM
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