• Overview
  • Reviews (8)
  • Comments (36)
  • What's new

MIDAS Super VWAP

Imagine VWAP, MVWAP and MIDAS in one place... Well, you found it! Now you can track the movement of Big Players in various ways, as they in general pursue the benchmarks related to this measuring, gauging if they had good execution or poor execution on their orders. Traders and analysts use the VWAP to eliminate the noise that occurs throughout the day, so they can measure what prices buyers and sellers are really trading. VWAP gives traders insight into how a stock trades for that day and determines, for some, a good price at which to buy or sell.

The MIDAS (Market Interpretation/Data Analysis System) addition is a work initiated by Paul Levine that derived to the very well known book "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets". Several approaches derived from this work and this indicator, MIDAS Super VWAP is one version that reunites the best of this kind of data into one single entity in Metatrader 5.

If you do not know about how to use VWAP/MVWAP/MIDAS and its importance I really recommend you to study not only the aforementioned book but the several and freely available videos on the web about the subject. I assure you they are a world apart...

Enough of talking...


SETTINGS

  • Show VWAP line o chart?
  • Show MVWAP line on chart?
  • What kind of period do you want for the MVWAP calculation?
  • MIDAS buttons:
    • Buttons X offset distance on the chart
    • Buttons Y offset distance on the chart
    • Buttons TOP colors
    • Buttons BOTTOM colors
    • Buttons text color
  • Calculation Mode:
    • Open, High, Close, Low, Median (H+L)/2, Typical (H+L+C)/3, Weighted (O+H+L+C)/4
    • Volume Type: Real Volume or Ticks.


NOTE:
Due to the way all MIDAS lines are calculated, they will ONLY be drawn with the Market OPEN.


Looking for more FREE VWAP-related indicators, here you go:

VWAP Cloud

VWAP and MVWAP

Stackable VWAP


If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

With No Strings Attached!  Ever!


Live Long and Prosper!

;)



Reviews 8
contraror
64
contraror 2020.08.06 09:26 
 

Very useful, keep up the good work!

Paulo Moraes
277
Paulo Moraes 2019.09.10 02:56 
 

Show de bola! Mais uma excelente ferramenta.

oliveira.leandro1981
74
oliveira.leandro1981 2019.09.08 03:17 
 

Good....

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contraror
64
contraror 2020.08.06 09:26 
 

Very useful, keep up the good work!

Valentin Butorin
1089
Valentin Butorin 2020.07.23 15:06 
 

User didn't leave any comment to the rating

faithdefender
451
faithdefender 2020.06.30 23:42 
 

I had problems with this indicator working correctly. And often times it would not remove off the chart when i tried.

robertmiller83
114
robertmiller83 2020.05.24 23:54 
 

I give up, believing in the free is a bad deal. I will try to pay next time.

fernandomaroto
76
fernandomaroto 2020.05.14 21:28 
 

User didn't leave any comment to the rating

[Deleted] 2019.10.02 08:27   

User didn't leave any comment to the rating

Paulo Moraes
277
Paulo Moraes 2019.09.10 02:56 
 

Show de bola! Mais uma excelente ferramenta.

oliveira.leandro1981
74
oliveira.leandro1981 2019.09.08 03:17 
 

Good....

Version 1.2 2020.06.30
:: Fixed bug when using incorrect volume type in Forex...
Version 1.1 2020.06.06
:: Recompiled (obligatory by Metaquotes as of June,05,2020) to the new MT5 version 2485. Please let me know if anything weird happens...