VWAP Close Metatrader 5 Indicator

VWAP Close Metatrader 5 Indicator

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VWAP Close is displayed directly on the price chart. The indicator defines liquidity points and average Close price weighted by volume. The calculation is performed during an entire trading session (intraday). Therefore, VWAP is mostly designed for intraday trading.

The calculation requires a cumulative value of the volume multiplied by a typical price. The value is divided by a cumulative volume. The current price value relative to VWAP may point to a prevailing movement direction during the day: if the prices are below the indicator, the downward movement prevails; if the prices are above the indicator, the upward one is stronger. Since VWAP calculates the volume weighted price, its values will correspond to high-liquidity intervals. This feature allows defining potential activity points of major market participants.

The indicator does not point directly to large orders in any direction. Instead, it displays a price level with a relatively high volume, which is a consequence of high liquidity the major players need to perform transactions.

VWAP can also be used to assess a market entry level. A long order below the indicator may prove to be a good entry since it occurs below the average price level. A short order above the indicator values means selling above the average price level.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 10.05.2016.
 

MT5 Indicator – Download Instructions

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

VWAP Close 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 VWAP Close Metatrader 5 Indicator.mq5?

  • Download VWAP Close Metatrader 5 Indicator.mq5
  • Copy VWAP Close 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 VWAP Close Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator VWAP Close Metatrader 5 Indicator.mq5 is available on your Chart

How to remove VWAP Close 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:
VWAP Close Metatrader 5 Indicator

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