Volume_Weighted_MACandle - MetaTrader 5 Script - MT4/MT5 Resource
This volume_weighted_MA serves as an indicator for candlestick sequence implementation. Candlesticks appear as a result of processing the relevant price time series by the Volume_Weighted_MA indicator algorithm.
In many cases, this approach may provide more information for analytical purposes.
Figure 1. Volume_Weighted_MACandle indicator
Attachment download
📎 volume_weighted_ma.mq5 (8.58 KB)
📎 volume_weighted_macandle.mq5 (7.5 KB)
Source: MQL5 #15875
Volume_Weighted_MACandle - MetaTrader 5 script usage and filtering suggestions
Volume_Weighted_MACandle - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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