The Volume Weighted Moving Average (VWMA) Indicator for MT5 is a powerful and popular free tool for Forex traders. It is useful for identifying the strength of a trend, as well as potential reversals. The indicator is based on the weighted average of the volume of a security, which is calculated by multiplying the volume of each trade by the price of that trade. This means that the indicator takes into account both the price and volume of a security, which makes it a reliable measure of the strength of a trend. The VWMA Indicator for MT5 is easy to use and understand. It is typically displayed as a line on a chart that moves with the price of a security. When the line is rising, it indicates that the security is in an uptrend, while a falling line indicates a downtrend. The indicator can also be used to identify potential reversals, as a sudden change in the direction of the line may indicate an impending reversal. The indicator is a popular choice among Forex traders, as it is a reliable measure of the strength of a trend.
MT5
Volume Weighted MA
The Volume Weighted MA Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. The indicator uses the Volume Weighted Moving Average (VWMA) to measure the average price of a currency pair over a certain period of time. With the Volume Weighted MA Indicator MT5, traders can easily identify and analyze price trends in the Forex market and make more informed trading decisions.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Trend
Downloads - 22
Description
Reviews (0)
Be the first to review “Volume Weighted MA” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
Swing Point Highs
The Swing Point Highs and Lows indicator is a new, popular and free MT4 technical analysis tool for forex traders. This indicator works by identifying swing points on a price chart and then drawing horizontal lines to indicate potential support and resistance levels. The swing point high and low indicator is a valuable tool for traders who want to identify key support and resistance levels and is suitable for both beginners and experienced traders.
Multi Time Frame Breakout
The Multi-Time Frame Breakout indicator is a new and popular forex indicator that is available for free on the MT4 platform. This indicator helps traders identify breakout points by analyzing multiple timeframes at the same time. It works by plotting support and resistance levels based on the highest and lowest price levels over multiple time frames. This is a valuable tool for traders who use multiple timeframes in their analysis and want to improve their accuracy in identifying potential breakout points.
Donchian Channel
The Donchian Channel Indicator is a popular forex indicator that is widely used by forex traders to determine trend direction as well as entry and exit points designed to be used in the forex market with the MT4 platform. This indicator is very popular among traders because of its simplicity and efficiency, it works by determining the high and low of the price for a certain period and plotting a channel based on these values. The Donchian Channel Indicator is a popular and effective forex indicator that gives clear market entry and exit signals, making it an essential tool in a successful forex trader's toolbox.
Reviews
There are no reviews yet.