VWAP - Volume Weighted Average Price - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

VWAP is an intraday calculation used primarily by algorithmic and institutional traders to evaluate how a stock is trading relative to the day's volume-weighted average. Day traders also use VWAP to assess market direction and filter trading signals. Before using VWAP, understand how it is calculated, how to interpret and use it, and the shortcomings of this indicator ( http://traderhq.com/trading-strategies/understanding-volume-weight-average-price/ ).

This is based on the VWAP indicator described by Investopedia ( http://www.investopedia.com/articles/trading/11/trading-with-vwap-mvwap.asp ).

I've added six rows to this indicator. Mainly the Volume Weighted Average Price Daily (VWAP Daily), which is calculated based on intraday value. All other five lines can set the calculated period, so it can be smaller or larger than the intraday period.

All six lines are independent. By default, only day trading is enabled, but you can enable additional trading in the properties panel.

Thank you for downloading this code. I'll be waiting for your comments, votes, and ratings.

Attachment download

📎 vwap.mq5 (21.89 KB)

Source: MQL5 #14484