Volume Weighted Moving Average (VWMA)
Volume-weighted moving average: each bar of the source weighted by its volume, so high-volume bars pull the line more.
How to read it
- Price above the line suggests an uptrend, below it a downtrend.
- The slope shows trend direction; crosses of price and the line can mark changes.
- A VWMA above an SMA of the same period means volume favoured higher prices.
Key settings
- Period 20, source close, offset 0.
Good to know
- Drawn on the price pane, over the candles.