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EVWMA.mq5 (12.19 KB) view

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A weighted moving average of volumes.

It has one input parameter:

Calculation:

total = Sum(volume, Period);
EVWMA = ((total-volume)*EVWMA[-1] + volume[period]*close) / total;

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20334

Drive

The indicator of candlestick direction ratio

DMA

Dynamic Moving Average

LWPI

Larry Commerical Proxy Index

LWTI

Larry Large Trade Index

EVWMA - indicator for MetaTrader 5