VWAP – Volume Weighted Average Price Metatrader 5 Indicator

VWAP – Volume Weighted Average Price Metatrader 5 Indicator

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VWAP is an intra-day calculation used primarily by algorithms and institutional traders to assess where a stock is trading relative to its volume weighted average for the day. Day traders also use VWAP for assessing market direction and filtering trade signals. Before using VWAP, understand how it is calculated, how to interpret it and use it, as well the drawbacks of the indicator (http://traderhq.com/trading-strategies/understanding-volume-weight-average-price/).

This is a VWAP indicator based on the Investopedia description (http://www.investopedia.com/articles/trading/11/trading-with-vwap-mvwap.asp).

I’ve added six lines to this indicator. The principal is the VWAP Daily which is the calculation based on the intra-day values. All the other five lines you can set the period of the calculation, so it can be less or greater than the intra-day period.

All six lines are independent. As default only the intra-day comes enabled, but you can enable the others in the properties panel.

Thanks for downloading this code. I will be waiting for your comments, vote and rating.
 

MT5 Indicator – Download Instructions

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

VWAP – Volume Weighted Average Price 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 – Volume Weighted Average Price Metatrader 5 Indicator.mq5?

  • Download VWAP – Volume Weighted Average Price Metatrader 5 Indicator.mq5
  • Copy VWAP – Volume Weighted Average Price 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 – Volume Weighted Average Price Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator VWAP – Volume Weighted Average Price Metatrader 5 Indicator.mq5 is available on your Chart

How to remove VWAP – Volume Weighted Average Price 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 – Volume Weighted Average Price Metatrader 5 Indicator

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