VWAP Daily Weekly and Monthly Indicator
- Indicatori
- Andre Gonzalez Falci
- Versione: 1.0
VWAP – Volume-Weighted Average Price
The VWAP (Volume-Weighted Average Price) is a widely used indicator by traders and investors to identify the average trading price of an asset over a specific period, taking into account both price and traded volume.
Unlike simple averages, VWAP assigns greater weight to prices where higher volume occurred, providing a more accurate view of the asset’s fair value throughout the session.
🔍 Interpretation:
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Price above VWAP → possible buying pressure
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Price below VWAP → possible selling pressure
Because it incorporates volume, VWAP is especially useful for day trading, scalping, and institutional flow analysis.
📐 VWAPs Available in This Indicator
This indicator allows the visualization of the following VWAPs:
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VWAP Daily
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VWAP Weekly
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VWAP Monthly
Each VWAP can be enabled or disabled individually through the input parameters.
⚙️ Inputs (Parameters)
🔹 Price Type
Defines which price will be used to calculate the VWAPs.
The default option is the Typical Price (HLC/3).
Available options:
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Close – Closing Price
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Open – Opening Price
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High – High Price
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Low – Low Price
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HL / 2 – Median Price (Arithmetic mean of High and Low)
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HLC / 3 – Typical Price (Arithmetic mean of High, Low, and Close)
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OHLC / 4 – Mean Price (Arithmetic mean of Open, High, Low, and Close)
📌 Note:
The Typical Price (HLC/3) is the standard price used for VWAP calculations in Profit and BlackArrow (Nelogica) platforms.
🔹 Volume Type
Defines which volume will be used to calculate the VWAPs.
Available options:
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Tick Volume – Tick-based volume (default)
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Real Volume – Actual traded volume
👁️ VWAP Display Options
Each VWAP can be individually enabled or disabled:
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VWAP Daily – true / false
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VWAP Weekly – true / false
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VWAP Monthly – true / false
🔄 Available Versions
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VWAP Indicator – MT5
📞 Support and Assistance
If you have any questions or need further guidance, please feel free to contact us.
We are ready to assist you.
