Volume Weighted MA Metatrader 5 Indicator

Volume Weighted MA Metatrader 5 Indicator

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The idea of this moving average indicator is in giving the bar with a greater volume a greater weight in averaging. The volumes are summed for the ‘Length’ period, then the volume of each bar is divided by the sum — this is the weight of each bar.

Products of each price and weight of each price are summed in the final formula.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 14.06.2016.
 

MT5 Indicator – Download Instructions

Volume Weighted MA Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Volume Weighted MA Metatrader 5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Volume Weighted MA Metatrader 5 Indicator.mq5?

  • Download Volume Weighted MA Metatrader 5 Indicator.mq5
  • Copy Volume Weighted MA Metatrader 5 Indicator.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Volume Weighted MA Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Volume Weighted MA Metatrader 5 Indicator.mq5 is available on your Chart

How to remove Volume Weighted MA Metatrader 5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:
Volume Weighted MA Metatrader 5 Indicator

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