Volume Weighted MA with Price Indicator MetaTrader5 - [TradingFinder]

The Volume Weighted Moving Average with Price (VWMA with Price) indicator in MetaTrader 5 is a technical analysis tool that combines trading volume and price movements to identify entry and exit points.

This MT5 oscillator assigns more weight to candlesticks with higher volume, making it easier for traders to identify strong market movements.

Volume Weighted MA with Price Indicator Specifications Table

The table below provides a summary of the volume weighted MA with Price Indicator specifications:

Uptrend Conditions

In the 15 minute timeframe of the AUD/USD currency pair, when the price line (golden line) crosses above the Volume Weighted Moving Average (blue line), it indicates a substantial inflow of liquidity into the market.

Additionally, if the moving average slope turns upward, it confirms an uptrend, creating favorable conditions for a buy trade.

Downtrend Conditions

In the 4 hour timeframe of the EUR/USD currency pair, the probability of a downtrend strengthening increases when the price line (golden line) breaks below the Volume Weighted Moving Average (red line).

Moreover, if the breakout occurs alongside increased trading volume, it signals growing selling pressure and provides a sell trade signal.

Indicator Settings

The following image displays the Volume weighted MA with Price Indicator settings:

• Period: Number of periods
• Price: Selected price type
• Volume to Use: Applied volume
• Shift: Offset value

Conclusion

The Volume Weighted Moving Average with Price Indicator is a MetaTrader 5 volatility indicator that enables multi timeframe forex analysis. This oscillator is applicable in both ranging and trending markets.

It combines trading volume, candlestick weights, and price movements to determine optimal entry and exit points.