Volume_Weighted_MA - Indicator for MetaTrader 4

The idea of the VWMA indicator means that a bar with a larger volume gets a bigger weight during the calculation of the indications. In fact, this is one of the averaging methods for the moving average, which is quite simple to use, even for a manual calculation.

It’s necessary to sum up the volume of bars for the specified period (Period_MA parameter), then the volume of each bar is divided by such a sum. The result is the weight of each bar individually.