Volume Weighted MA (VWMA) Indicator

The Volume Weighted MA (VWMA) represents a combination of volume data and the moving average of the price. This indicator works just like a standard moving average. The only difference is, it gives more weight to high volume bars compared to bars with lower trading activities. VWMA is a versatile and flexible trend-following trading indicator. Besides beginners, experienced professionals also find this MT4 indicator easy and useful for analyzing market trends. Moreover, a volume-weighted moving average can also be treated as a dynamic support/resistance level of the price. Volume weighted moving average suits all types of timeframes in MT4. Advanced traders apply VWMA in multi-timeframes for a better assessment of the market sentiment. Moreover, this indicator supports trading all types of financial instruments including forex, cryptos, stocks, commodities, metals, and more.