vw a p lite - volume weighted average price
Info
The vw a p lite - volume weighted average price is a Indicator for MetaTrader 5 that 2016-06-15; v1. 49; code improvement2016-01-11; v1.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use vw a p lite - volume weighted average price
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
2016-06-15; v1.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Footprint X Ray: Advanced Order Flow and Volume Delta Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Volume Strength Compass by Bhanu Code Lab - similar indicator with strong performance on MetaTrader 5.
2016-06-15; v1.49; code improvement
2016-01-11; v1.47; code improvement
2016-01-11; v1.46; code improvement
2016-01-11; v1.45; code improvement
2015-12-29; v1.43; initial public release
vwap is an intra-day calculation used primarily by algorithms and institutional traders to assess where a stock is trading relative to its volume weighted average for the day. day traders also use vwap for assessing market direction and filtering trade signals. before using vwap, understand how it is calculated, how to interpret it and use it, as well the drawbacks of the indicator ().
this is a vwap indicator based on the investopedia description ().
i've added three lines to this indicator. the principal is the vwap daily which is the calculation based on the intra-day values, there's the weekly and the monthly that is calculated based in the week and month starts respectively.
all three lines are independent. as default only the intra-day comes enabled, but you can enable the others in the properties panel.
thanks for downloading this code. i will be waiting for your comments, vote and rating.
You may also like: institutional harmonic volumetric gravity center indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.49"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots 3
#property indicator_label1 "vwap daily"
#property indicator_type1 draw_line
#property indicator_color1 clrred
#property indicator_style1 style_dash.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.