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!
Downloads - 32
Description
Reviews (0)
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
Automatic Trendlines
The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
TMA Centered Bands
The TMA Centered Bands indicator is a powerful forex indicator available for the MT4 platform. This indicator was created for the MT4 platform and helps traders identify trends, support and resistance levels. The TMA Centered Bands indicator works by using a centered TMA (triangular moving average) to create a set of bands around the price. With a simple yet effective design, the TMA Centered Bands indicator is a valuable tool for any forex trader looking to improve their trading strategy.
Reviews
There are no reviews yet.