Moving VWAP Indicator for MT5
Moving VWAP is an important indicator drawing the Volume Weighted Average Price (VWAP).
The VWAP is a reference used by institutional traders and acts as a level of support / resistance.
If price is above VWAP then means market is bullish.
If price is below VWAP then means market is bearish.
It can be used to enter in the market with low risk (near VWAP) and also identify the correct direction of the market.
The Moving VWAP is as simple as a Simple Moving Average. The main difference is that usual moving averages are calculated with price alone.
The VWAP is calculated with price and volume. Therefore it is more accurate and represents the real mean price in the market.
The Moving VWAP can be used with any instrument where you have volume data.
The Moving VWAP can be used with any time frame.
- Period - period to be used for the calculation of the moving average
There are some other uses of the VWAP with VWAP calculated per session.
Please take a look at these other indicators for MT4:
-Moving VWAP: https://www.mql5.com/en/market/product/48677
-Dynamic VWAP: https://www.mql5.com/en/market/product/24986
-Session VWAP: https://www.mql5.com/en/market/product/24963
Find hereafter a complete list of the indicators we designed and that are available in MQL5: https://www.mql5.com/en/users/renaud69/seller#products